HomeNewsShibburn Sparks Revival Hopes for Shiba Inu with 'SHIB Association' Announcement

Shibburn Sparks Revival Hopes for Shiba Inu with ‘SHIB Association’ Announcement

- Advertisement -
  • Shibburn unveils the ‘SHIB Association’ dedicated to the Shiba Inu network’s innovation and utility.
  • Following a downward trajectory, Shiba Inu’s token sees a 3.2% uplift, offering a glimmer of hope to the community.

The ‘SHIB Association’: A Catalyst for Shiba Inu’s Revival?

Earlier today, the crypto community was abuzz as Shibburn, a platform renowned for tracking token burns within the Shiba Inu network, dropped a significant announcement. Previously recognized for disseminating information about tokens being incinerated, Shibburn is now amplifying its involvement with the debut of the ‘SHIB Association.’

A Dedicated Focus on Shiba Inu

Elucidating further, Shibburn emphasized that the SHIB Association is crafted with an exclusive focus on the Shiba Inu ecosystem. The intention is unambiguous – to usher in innovation and heightened utility to the SHIB token, underpinned by the creation of a proprietary blockchain.

Many already know that I’ve done my best to help the community regarding any information they needed about burns. I thought things would be a little different today… We’re going to keep our focus solely on SHIB… — Shibburn (@shibburn) August 23, 2023

- Advertisement -

In an environment where distinctions matter, Shibburn was quick to delineate its position. This newly-minted SHIB Association is not to be conflated with other initiatives, sustaining its independence. While the association operates as a standalone entity, Shibburn will play an instrumental role, contributing actively to its endeavors.

To many onlookers, this announcement has been perceived as a concerted effort to rejuvenate the somewhat faltering SHIB network.

>> Buy Shiba Inu quickly and securely with PayPal, credit card or bank transfer at eToro with low fees and deposit protection. Get started with SHIB now. Visit Website <<

Shiba Inu’s Dwindling Enthusiasm

- Advertisement -

Recent times haven’t been favorable for Shiba Inu. The meme coin, riding high on the anticipation surrounding its layer-2 solution, Shibarium, encountered turbulence. The ensuing fallout from Shibarium’s less-than-stellar debut precipitated a notable slump in both its price and network activity.

Evident from recent metrics, the once-buzzing Shiba Inu universe has been eerily quiet. Network indicators, including transaction count, active addresses, and overall volume, have registered a palpable downturn. A mere week ago, the transaction count was hovering around 9.64K. Fast forward to the present, and this metric languishes at a mere 4.19K.

But Hope Springs Eternal

However, as darkness is often followed by dawn, Shiba Inu has shown hints of a resurgence. The meme token experienced a 3.2% surge, trading at $0.00000824. For a community that had been grappling with consecutive days of despondency, this uptick serves as a beacon of optimism.

Best Crypto Exchange for Everyone:

  • Invest in Shiba Inu 70+ cryptocurrencies and 3,000 other assets.
  • 0% commission on stocks – buy in bulk or just a fraction from as little as $10.
  • Copy top-performing traders in real time, automatically.
  • Regulated by financial authorities including FAC and FINRA.

2.8 Million Users

Get Started


- Advertisement -
ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Jane Smith
Jane Smith
As a Bitcoin Journalist, I am dedicated to reporting the latest developments in cryptocurrency, with a particular focus on Bitcoin. Through extensive research and interviews with industry experts, I provide accurate and up-to-date information on the ever-evolving world of cryptocurrencies. My goal is to help readers stay informed and make informed decisions regarding their investments in this rapidly changing field.
- Advertisment -spot_img