Shiba Inu’s (SHIB) main developer Shytoshi Kusama dropped some big news on Wednesday morning. The World Economic Forum requested that the leader of the SHIB Army collaborate with them on their metaverse global policy. In accordance with this, Mr. Kusama set up a Twitter poll for the SHIB Army to vote on whether to proceed with the collaboration.
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We would be at the table with policy makers and would help shape global policy for the MV alongside other giants like FB (bye Zuck), Sand, Decentraland etc. And please don't ask my opinion, you already know.— Shytoshi Kusama (@ShytoshiKusama) November 22, 2022
Let’s sit at the table so we have a voice SHIBARMY . We don’t want it made with out us . We are leading the way why take 5 steps back by not being there— RoaringShib (@RoaringShib) November 23, 2022
Shiba Inu’s (SHIB) Trading Volume Pumps 7,000,000%
In the wake of the news, the popular memecoin shot up in trading volume, according to CoinMarketCap. Interestingly, the numbers are hardly believable, with centralized exchanges seeing over $13 trillion of SHIB tokens transferred in the past 24 hours. The decentralized exchanges endured a lot of SHIB action too, with $4.7 million being transferred.
This is due to the fact that SHIB’s declining market price over the past couple of weeks served as a wake up call for the TOP 100 Ethereum (ETH) Whales, who scooped up colossal amounts of the memecurrency. To illustrate, ETH Whales made several transactions worth hundreds of billions of the canine tokens in the last 24 hours alone, according to Etherscan.
On top of that, the big news from SHIB’s lead developer ignited the pump in its burn rate. Accelerated by a whopping 1081% in the last 24 hours, the SHIB Army eagerly set fire to 136 million coins, in the hope of boosting its market price.
BREAKING: According to CMC $SHIB's 24H trading volume is up 7,000,000%— CoinHub (@CoinHubCC) November 22, 2022
On the Flipside
- Despite reclaiming the levels of the previous week, SHIB is still trading below the $0.00001 key resistance line.
- At press time, the popular memecoin is priced at $0.00000901 with 8.9% daily gains, according to CoinGecko.
Why You Should Care
The SHIB Army is one of the most active crypto communities on both Twitter and Discord. The popular memecoin is usually among the leaders in the altcoin rebound races.
Track the latest moves of the popular canine cryptocurrency Shiba Inu (SHIB):
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