In the meme coin world, Dogecoin and Shiba Inu are dominant. Elon Musk deserves a lot of the credit for the rise in popularity of meme coins. Musk has been a fierce advocate for DOGE. On his Twitter page, he has never missed out to express his support for the coin.
The Shiba Inu army has been attempting to turn Musk’s attention toward SHIB. However, Musk hasn’t officially shown his support for SHIB. However, the SHIB army will be delighted with this news.
On the website of the Boring Company, Musk just announced the sale of his “Burnt Hair” perfume line. Musk is taking cryptocurrency in exchange for the $100 bottle price of the perfume. He tweeted that DOGE may be used to purchase the scent. But users can also make payments using their SHIB.
Shiba Inu holders in for a happy treat
The Boring Company, which also built a flamethrower a few years ago and constructs underground tunnels to alleviate the issue of heavy traffic, is the manufacturer of the latest product. Elon Musk is now humorously calling himself as the “Perfume Salesman” on his Twitter account to mark the occasion of this launch.
Credit cards, PayPal, and even BitPay are all accepted forms of payment for the perfume. Shiba Inu is one of several different cryptos that may be used to pay for the perfume since BitPay allows consumers to do so.
The fact that the meme coin may now be used to make purchases on Elon Musk’s Boring Company website is great news for the SHIB army.
In other news, SHIB’s burn rate has dropped by 87% in the last 24 hours. The burn rate was soaring over 400% yesterday. However, it was short-lived.
The ShibaSwap team of Shiba Inu has recently announced on its blog that it would assume control of the Shibburn site from Ryoshi Vision. The notice claims that ShibaSwap decided to take control of the gateway since the Ryoshi Vision team had not been communicating with them.
Although the Shibburn site has helped to decrease the amount of SHIB in circulation, there have been problems with prizes going missing. The ShibaSwap and Ryoshi Vision teams got together to talk about how to address the pending rewards problem. But according to the release, there was “total silence” when the ShibaSwap team tried to contact Ryoshi Vision once again.