Shiba Inu lead developer Shytoshi Kusama has again caused a stir across the broader industry, confirming the TREAT token launch shortly ahead. On Friday, the lead developer posted on X, affirming a token launch looms, which sparked noteworthy market discussions as the meme coin already witnessed phenomenal advancements in recent days. Mainly, Kusama’s validation of a token launch following the recent inception of ‘SHIB: The Metaverse’ has garnered noteworthy investor interest in the dog-themed meme cryptocurrency.
Shiba Inu Lead Confirms TREAT Token Launch Ahead Sparking Market Optimism
In an official X post by Shytoshi Kusama as of December 27, the lead developer stated, “it’s time to start talking about TREAT, the future of our state and what we’ve been up to the last few years.” The statement promptly gained significant traction as the coin’s community also witnessed the launch of ‘SHIB: The Metaverse.’
Notably, Kusama stated, “So now that the Metaverse is rolling out well,” it’s time to start talking about the upcoming coin launch within the Shiba Inu ecosystem, TREAT.
Meanwhile, CoinGape Media earlier reported that Shytoshi Kusama stated, “More TREATS are on the way” for the SHIB community soon. These statements solidified sentiments of the TREAT token launch shortly ahead. Overall, the Shiba Inu community is eagerly awaiting the launch, given that it could substantially bolster SHIB tokenomics as well.
How Is SHIB Performing?
At the time of reporting, SHIB price slipped marginally by 0.15% and is currently resting at $0.0000215. Its intraday low and high were recorded as $0.0000213 and $0.00002235, respectively. Despite the token’s turbulent action, market watchers are anticipating further gains amid recent community developments, as spotlighted by the Shiba Inu lead.
Simultaneously, a recent report also revealed that SHIB eyes a $0.00008 price target amid strong bullish technicals. Market expert JAVON MARKS spotlighted the abovementioned price target, adding that “A more than 3.33X in an over 234% climb for Shiba is in the cards.”
However, Coinglass data still shows a 4% drop in the coin’s futures OI, aligning with the recent broader market trend urging investors to trade with caution.