The meme-inspired cryptocurrency Shiba Inu ($SHIB) is now leading the ‘Trends’ chart of the popular cryptocurrency aggregator website after being listed by volume on one of South Korea’s largest cryptocurrency trading platforms. I’m here.
In a recent announcement, Seoul-based exchange Upbit recorded the highest trading volume of any other exchange in the country after Binance, trading against the South Korean Won (KRW). announced the listing of the $SHIB pair that has
At the time of writing, as a result of its listing, $SHIB is the most popular asset on CoinMarketCap, with flagship cryptocurrencies Bitcoin ($BTC), Fetch.ai ($FET), PancakeSwap ($CAKE) and smart contract platform Solana ($CAKE). $SOL).
The meme-inspired cryptocurrency has surged over the past few weeks ahead of the expected launch of Sibarium, a layer-2 scaling solution. rose 26%.
As reported by CryptoGlobe, Shiba Inu’s market cap has grown by nearly $2 billion over the past 30 days to over $6.4 billion. The Ethereum ($ETH) network’s largest whale has amassed nearly $85 million in $SHIB ahead of the launch of its Layer 2 scaling solution, and the meme-inspired cryptocurrency has been linked with North American luxury brand Bugatti Group. At the time of the partnership, the issuance of non-fungible tokens (NFTs) at a “special event” hosted by the Bugatti Group exclusively for Shiboshi, a “Mint Party and Space”.
A special mint collection “sold out in the first four minutes” of the event as demand for the token far outstripped supply, according to a meme-inspired cryptocurrency-related account.
Shiboshi is a non-fungible token (NFT) dedicated to the Shiba Inu ecosystem launched in October 2022. The partnership brought “physical items and collectible NFTs” to Shiboshi owners.
A total of 299 limited releases and a “very limited 1st Edition Releases” were minted at 0.14 ETH each at the event. 95% of the mints received a “cross body limited edition luggage bag” from the Bugatti Group and 5% received a limited edition carry-on item from the group. These rewarded 15 of his NFT minters and allowed them to place their own shiboshi designs on their bags.
When it comes to Sibarium, the Layer 2 solution aims to improve the Shiba Inu ecosystem by offering faster transactions at lower costs, among other important improvements.
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Featured image via Pixabay.
