Top exchanges release latest news on Shiba Inu trading activity

Crypto enthusiasts have a chance to win up to 1 ETH or $100 in ETH when they trade at least $5 worth of Shiba Inu (SHIB) on Crypto.com.
Crypto.com has alerted the public to its ongoing activity involving the trading of Shiba Inu and other Ethereum-based memecoins.
Event Details
According to a recent post, Crypto.com reminded its followers that the Ethereum meme campaign started on May 30 and will end tomorrow, June 5, at 06:59 (UTC).
It is worth noting that the total prize pool for this event is $10,000 worth of ETH. According to the announcement, Crypto.com users can win up to 1 ETH ($3,761) or $100 in ETH when they trade at least $5 worth of SHIB or six other Ethereum-based memecoins.
Other selected memecoins include Dogelon Mars (ELON), Floki (FLOKI), Gekko HQ (GEKKO), Milady Meme Coin (LADYS), Mog Coin (MOG), and Pepe (PEPE).
It is worth noting that the event is divided into two different categories.
First event
For the first category, Crypto.com will select 100 users who successfully trade the aforementioned Ethereum-based memecoins during the campaign period. Winners will be determined based on the cumulative trading volume of their selected memecoin.
Crypto.com said the selected winner in this category will receive $100 worth of ETH as a prize.
Second activity
In the second phase, Crypto.com users must trade at least $5 worth of selected Ethereum-based memecoins for a chance to win up to 1 ETH. It is worth noting that the exchange will select three eligible participants through a lottery. Users selected under categories 1, 2, and 3 will receive 1 ETH, 0.5 ETH, and 0.1 ETH, respectively.
SEC approves Ethereum ETF
Crypto.com’s meme campaign comes just weeks after the U.S. Securities and Exchange Commission (SEC) approved an Ethereum ETF application for listing. While the Ethereum ETF has yet to begin trading in the U.S., the SEC’s approval caused the price of ETH to surge to nearly $4,000.
The rally also extended to Ethereum-based meme coins such as Shiba Inu, as the asset gained more than 16% on May 29, entering the list of top 10 cryptocurrencies by market cap.
At press time, the Shiba Inu is ranked 11th in the market cap rankings with a market cap of $14.15 billion. The dog-themed token is trading at $0.00002403, down 4.93% in 24 hours.
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