WHY IS #SHIBA_INU DORMANT?

In a recent development within the cryptocurrency market, a Shiba Inu (SHIB) whale made headlines by selling off approximately 421.6 billion SHIB tokens at a substantial loss.

The whale's decision to divest such a significant quantity of SHIB tokens, at an average price of $0.000009437, resulted in a notable financial loss amounting to $6.32 million.

This stark contrast to the whale's initial acquisition of the tokens in November 2021 underscores the dynamic and unpredictable nature of the cryptocurrency market, particularly within the realm of meme coins.

This event serves as a poignant reminder of the risks inherent in investing in assets characterized by high volatility and speculative fervor.

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#shiinu Please read this important Shiba Inu news.

The lead developer of Shiba Inu has revealed an important update to the ERC404 token, signaling the advancement and potential of the ecosystem. SHIBThe Shiba Inu crypto community is very excited. After receiving a big update from Kaal Dhairya, the developer and main supporter of the project. This update is about the launch of the long-awaited NFT SHEboshi, which has attracted a lot of attention from around the world. In his latest communication, Dhairya delves into the intricacies of the ERC404 token standard, which Combining the properties of NFT and fungible tokens, this is an innovation that pushes the Shiba Inu to the forefront of experimentation. decentralized Although, it encountered some minor issues during the launch of NFT SHEboshi due to a temporary bug. That led to additional tokens being created, but the Shiba Inu team was able to respond quickly to resolve the situation. The team has implemented various measures to ensure fairness and transparency. This includes increasing the total number of SHEboshi from 12,000 to 20,000, allowing all snapshot holders to claim and mint their tokens. In addition, unclaimed SHEboshi (from people holding Snapshots) will be available for purchase by LEASH holders, reinforcing the Project commitment to community participation

Due to an unexpected increase in sales The team has outlined a comprehensive plan for revenue allocation, with 50% dedicated to strategic token burning, donations to non-profit organizations, team support. and providing liquidity, while the remaining 50% will be allocated to operating expenses and project funding.

Despite the temporary difficulties, Dhairya continues to emphasize the team's commitment to innovation,  learning, and growing with the community. He thanked the “SHIB army” for their continued support. and expressed positive confidence about the future of the project and the active community.