Rakuten Wallet Will Hand Out Physical Shiba Inu Coins
Rakuten Wallet will hand out physical Shiba Inu souvenir coins to SHIB holders at an investment seminar in Osaka on November 3. Attendees who show their SHIB holdings in the app can receive the coin, and the event is framed as an in-person way to keep the meme coin community engaged.
What this rests on
What it means
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SHIB holders who go to the Osaka seminar are the ones who notice this first, because the coin is being offered to people who can show their holdings in the app. Rakuten Wallet customers also see the exchange using a physical event to reach a meme coin audience rather than staying entirely inside the app.
Before this event, engagement around SHIB at Rakuten Wallet appears to have been limited to the app and the normal exchange relationship. At the seminar, the added option is a physical souvenir coin for in-person attendees, while the basic requirement to show SHIB holdings in the app still stays in place.
Market reaction
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
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BeInCrypto
Has this happened before?
Nothing comparable yet.