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You are here: Home / Cryptocurrency News / Altcoin News / Shiba Inu Fans, Get Your Woof On For This Summer Fiesta Cabana Party

Shiba Inu Fans, Get Your Woof On For This Summer Fiesta Cabana Party

By Lipika Deka | Edited By Saeed Ul Hassan,August 3, 2023, 10:06 PM

Shiba Inu Fans, Get Your Woof On For This Summer Fiesta Cabana Style

Shiba Inu to play host for an outdoor cabana party that would be sponsored by the SHIB team. Promising an “unforgettable fiesta of music, mouthwatering food, and refreshing drink,” the event would be included in the Toronto Blockchain Futurist Conference ticket, where the upcoming layer-2 protocol Shibarium is expected to be unveiled.

According to the tweet, this is the continuation of the “Summer of Shibarium” announced by lead developer Shytoshi Kusama last month, where it is the title sponsor. The official Twitter handle also informed interested attendees that the entrance fee is included in the cost of the ticket to the conference itself.

The beta platform has quickly reached one milestone after another since its March 11 launch. It has recently surpassed 30 million transactions and currently has over 17 million wallet addresses with an average block time of 5 seconds. Besides the Shibarium mainnet, the annual ETH Toronto and ETH Women events are also scheduled to take place on August 15 and 16.

The SHIB community is already quite excited about Shiba Inu’s imminent layer-2 mainnet launch. The prospect that DOGE enthusiast Elon Musk would attend the launch party has SHIB supporters even more excited after co-founder and project leader Shytoshi Kusama tweeted a mysterious invitation.

Shiba Inu Established A New Record In Terms Of Address Count

Musk posted a photo of himself wearing an I Love Canada t-shirt on Twitter. Kusama took the opportunity to remark, “See you at the Blockchain Futurist Conference.” Although the software mogul has not yet replied to the offer, the tweet received a ton of attention from people eager to catch a glimpse of the famous guest.

As the Shiba Inu team and community prepare for their impending launches, the demand for the meme currency has increased dramatically, establishing a record high for the year in terms of the number of addresses. Recent data from IntoTheBlock highlighted that SHIB has accumulated a sizzling 3.51 million addresses since its launch three years ago.

Notably, the uptick gained momentum last month and continued into July, when it peaked with an astonishing 115% weekly increase in new SHIB addresses. The number has increased by 22% during the last seven days and is continuing to rise.

Filed Under: Altcoin News

About Lipika Deka

Lipika is a crypto-journalist at TWJ. A graduate in economics and finance, she has a keen interest in the political and socio-economic facets of blockchain technology and the cryptocurrency industry.

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