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Shiba Inu Project Lead To Unravel LEASH’s Hidden Potential

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Shytoshi Kusama, the Shiba Inu community leader, has once again added an enigmatic touch to the ongoing discussions by dropping another intriguing hint. This time, the focus was on LEASH, one of the three primary tokens within the Shiba Inu ecosystem. The mysterious message suggests the emergence of fresh utility for the Leash token.

Referred to as the “Doge Killer,” the enigmatic Leash token constitutes one-third of the native tokens in the Shiba Inu framework, alongside BONE and SHIB. It has captivated investor interest due to its incredibly limited total supply of just 107,647 tokens.

The leash token has primarily been employed for accessing upcoming metaverse land and providing staking rewards. By staking LEASH on ShibaSwap, holders have enjoyed the potential for significant rewards. According to CoinGecko data, its present valuation stands at $562 with a market capitalization of approximately $60 million.

It would be safe to say that its usage has not ignited widespread excitement among investors or users. The absence of dynamic utility to fuel organic demand has led to Leash’s relatively stagnant position when compared to its more prominent ecosystem counterparts, SHIB and BONE.

Despite this, the token has managed to secure a listing, leveraging the Shibarium hype. StealthEX, a custody-free instant cryptocurrency exchange, recently introduced the Doge Killer to its mobile app.

As reported by TronWeekly earlier, users could buy, sell, or swap LEASH with over 1,200 cryptocurre­ncies available on the platform. “Woof, It’s time to unleash the excitement. LEASH is now live on StealthEX. Buckle up, we’re about to embark on an epic crypto adventure.”

Shiba Inu Users React

Nevertheless, the most recent announcement has generated mixed reactions within the SHIB community. The anticipation for Shibarium’s much-awaited debut on August 13th has been met with impatience, causing some fervent SHIB supporters to criticize Kusama for diverting attention with seemingly less pertinent updates.

“Giving a lollypop to the community….so he can tell you about leash on what’s coming and gives dates. but can’t tell you when Shibarium is coming out. Does that make sense,” a user fumed.

However, this latest announcement falls in line with the project leader’s prior statement that numerous other initiatives would be unveiled in conjunction with the eagerly anticipated scaling protocol, Shibarium.


Shiba Inu Enthusiasts Surge in Numbers as Shibarium Teaser Sparks Interest

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Based on data provided by IntoTheBlock, Shiba Inu (SHIB) has achieved a new milestone by reaching a record-breaking number of addresses, marking an all-time high. According to the analysis conducted on the cryptocurrency platform, the well-known memecoin currently boasts a total of 3.54 million addresses. Notably, SHIB is currently experiencing a notable surge in its level of activity, as evidenced by a substantial 14.18% increase in addresses over the past week. The month of July, in particular, witnessed a remarkable upswing in address numbers, showcasing a remarkable 115% growth rate over the course of a single week. Furthermore, the quantity of wallets containing non-zero balances has also hit an unprecedented peak of 1.24 million.

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Shiba Inu Enthusiasts Surge in Numbers as Shibarium Teaser Sparks Interest 3

A particularly intriguing trend to note is the upsurge in holdings within the range of 100 billion to 1 trillion Shiba Inu tokens. Investors within this bracket have remarkably expanded their SHIB portfolios by an impressive 52.65%. In terms of United States Dollars, this specific group now holds SHIB assets valued between $1 million and $10 million.

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Shiba Inu Enthusiasts Surge in Numbers as Shibarium Teaser Sparks Interest 4

The increase in the number of addresses can potentially be linked to speculations surrounding the imminent launch of Shiba Inu’s Shibarium network. Shibarium’s unveiling has garnered significant anticipation within the cryptocurrency sector throughout this year, following multiple delays.

Shiba Inu’s Shibarium Launch: Will the Wait Finally End This Week?

Leading cryptocurrency exchange KuCoin has utilized the platform X (formerly known as Twitter) to make an announcement regarding the potential launch of Shibarium, indicating that it might become available at some point within the current week. The exchange engaged the community by playfully inquiring if they held a positive outlook, or were “pawsitive,” about SHIB. This message was shared by SHIB’s official X account, which subsequently posed a question to KuCoin about the possible listing dates for Shiba Inu’s offspring tokens, BONE and LEASH. Notably, the BONE token is slated to serve as the governance token for the Shibarium platform.

Interestingly, KuCoin has also unveiled a somewhat enigmatic image, prompting speculation within the SHIB community that it could be a subtle suggestion regarding the listing of BONE and LEASH on either the 15th or 16th of the month. Despite the prevailing rumors, a precise launch date for Shibarium remains elusive at this juncture. As of the current moment, SHIB is being traded at $0.00001029, experiencing a 3.5% decline over the past 24 hours.

Shiba Inu Off To A Blazing Start: 344M SHIB Go Up In Smoke

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Nearly 344 million Shiba Inu tokens got incinerated, driven by the developments surrounding the sales of Shiba Inu x Tangem hardware wallets. Shibarium1, the developer behind SHIB, initiated a poll to determine the community’s decision on how to utilize the sales proceeds from these hardware wallets.

While a number of participants supported the idea of token burning, a few others proposed an alternative option—option C—which suggested donating the SHIB tokens for relief support.

Ultimately, a significant majority of SHIB enthusiasts cast their votes in favor of burning the earnings. This outcome was declared as the final result of the poll, culminating on August 12. The team pledged to burn SHIB tokens equivalent to 5% of the cumulative wallet sales amount related to Tangem wallets.

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Shiba Inu Off To A Blazing Start: 344M SHIB Go Up In Smoke 6

Shibarium1 also disclosed that the Swiss crypto hardware wallet company had shipped more than a thousand hardware wallets to SHIB supporters in recent months, specifically 1007 wallets.

Following the team’s commitment, 5% of the total sum amounted to 3,524 USDT. Considering the prevailing exchange rate, this translated to approximately 342.5 million SHIB tokens.

An additional significant update came from the community-driven burn tracker Shibburn, which revealed that within the past 24 hours, the SHIB community successfully burned over 700 million tokens. Remarkably, around 50% of this total was incinerated in a single transaction.

Shiba Inu Burn Spikes

Shibburn’s data highlighted the active engagement of SHIB supporters over the last 24 hours. They managed to reduce the circulating supply of Shiba Inu by a staggering 716,485,403 SHIB meme tokens, facilitated by 97 transfers. Impressively, over the course of the past week, a total of 1.1 billion SHIBs were locked away in eternity.

On a broader scale, Shiba Inu boasts a robust network boasting more than 1.3 million holders. With a daily trading volume of approximately $385 million, this renowned meme token remains poised for bullish momentum.

In parallel, the visionary behind the project, Shytoshi Kusama, actively engages with the community by unveiling exciting updates with respect to Shibarium’s development. Traders and investors keenly observe both short-term price shifts and the overarching progress that could significantly mold the coin’s future trajectory.

The crypto realm eagerly anticipates the imminent launch of Shibarium, with high expectations for a potential game-changing influence on Shiba Inu and its evolving ecosystem.

Diving Deeper into the ‘SHIB is Greater Than X’ Assertion: Lead Developer Provides Clarity

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Shystoshi Kusama, the lead developer of Shiba Inu, has provided further insight into his statement regarding the superiority of the Shiba Inu ecosystem over Elon Musk’s X (previously known as Twitter) and Sam Altman’s Worldcoin (WLD) project. Kusama’s recent assertion that this token surpasses Elon Musk’s X platform has generated significant attention. Additionally, he asserted that this asset holds a superior position compared to Sam Altman’s Worldcoin project. As anticipated, these declarations have sparked diverse reactions and remained a prominent topic of conversation within the cryptocurrency community.

In a recent development, Kusama has chosen to clarify the contentious comparison, stating that he had specific intentions when making it. Esteemed cryptocurrency expert Del Crxpto took to Twitter today to share the clarifications provided within this assets’s Discord channel.

While he didn’t explicitly disclose the motive behind the ‘SHIB greater than X statement,’ the anonymous developer highlighted the continuous growth of the Shiba Inu ecosystem.

According to Kusama, the token with a canine theme boasts an exceptional, robust, and decentralized ecosystem. He went on to mention that it would be a formidable challenge for any project to replicate the intricate structure of this asset’s ecosystem.

He stated, “When I composed the tweet stating Shib > X, I did so with deliberate intent. I genuinely believe that no individual on this planet has constructed what we have, and for those who attempt to imitate, it would require lifetimes. This epitomizes the authentic potency of decentralization and remains true to Ryoshi’s original vision.”

Unveiling the Layers of the Shiba Inu Ecosystem

Certainly, Shiba Inu stands out as one of the cryptocurrency endeavors with a flourishing and continuously expanding ecosystem. Introduced in 2021, this asset has achieved remarkable progress, including noteworthy initiatives and collaborative ventures.

Furthermore, there has been a remarkable and consistent surge in the count of this asset holders and active members within the community over the recent months.

As per reports, the project’s team has recently disclosed their plans to introduce a range of significant advancements following the mainnet launch of Shibarium.

Of particular importance, the deployment of the layer-2 scaling solution is anticipated to occur around the middle of August. According to Kusama, the eagerly anticipated Shibarium is poised to underscore why this asset surpasses the likes of Worldcoin and X.

Binance.US Boosts Shiba Inu with Enhanced OTC Trading

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Shiba Inu gained a major impetus when Binance.US updated the OTC trading portal and introduced new maximum order limits for SHIB. The move impacted 16 popular cryptocurrencies and 37 trading pairs as it went live on August 10, the blog post read.

The announcement indicated that Binance.US raised the order limit for OTC trading of SHIB to $30,000. This enables traders to execute buy and sell orders for supported SHIB pairs on the Binance US OTC platform, with an upper cap of $30,000.

It needs to be mentioned that Binance and Binance.US are separate legal entities, although they share branding, technology, and ownership. The latter was created to cater specifically to U.S. customers and comply with U.S. regulations.

As outlined in the blog post, the OTC trading portal of the prominent cryptocurrency exchange permits traders to execute significant buy and sell transactions directly. This feature offers the advantage of safeguarding against market disruptions and ensuring that these orders remain confidential and do not appear on a publicly viewable order book.

Moreover, the trading pairs affected by this positive advancement for Shiba Inu users also included SHIB/USDT and SHIB/USDC. Besides SHIB, Binance US raised the maximum order limit for selected BTC, ETH, XRP, DOGE, and ADA trading pairs in its OTC portal. The new maximum OTC order limit for ADA also stood at $30,000. However, the exchange increased the price of BTC and ETH to $300,000.

Binance Added Shiba Inu As Collateral Asset

A few days ago, Binance adopted SHIB as a collateral asset for its “isolated, overcollateralized, and open-term” Flexible lending service. This gave the meme token another boost. Binance Flexible loans enable users to open isolated loan positions, implying, each loan is treated independently. Users can add SHIB as collateral to borrow numerous cryptocurrencies without a fixed maturity date.

Amidst a flurry of attention-grabbing advancements within the meme token ecosystem, SHIB’s social engagement has surged by almost 20%, propelling it to become the emerging standout on various social media platforms including Reddit, Twitter, and Telegram.

Over the past week, Shiba Inu has experienced a 10% increase, attributed in part to its developer team’s introduction of a fresh digital identity service applicable to all of its applications.

Shiba Inu, The Social Media Sensation

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Shiba Inu dubbed the “Dogecoin Killer,” made its mark by leveraging social media platforms to an unprecedented level. With its updates on upcoming initiatives, virality, and community interaction, Shiba Inu has been able to hold investors’ attention when most mid- and small-caps are still finding it difficult to acquire any traction on a weekly timeline.

Data analytical platform Santiment has reported an increase of nearly 20% in SHIB’s social volume, a crucial metric that gauges public interest, sentiment, and engagement within the community. Social volume often spikes during significant events, announcements, or price fluctuations, acting as a barometer for the health of a cryptocurrency’s ecosystem.

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Given that the meme coin is only a few days away from releasing its eagerly anticipated layer-2 protocol, as well as the fact that social media sites like Reddit, Twitter, and Telegram played a pivotal role in spreading the word about SHIB, this has helped reinforce its image as a promising digital asset. The outcome was a meteoric social volume that resonated outside of the cryptocurrency sector, reaching general audiences and arousing interest.

An uptick in social volume has not only shaped public sentiment; it has also influenced market dynamics. The increased social chatter often correlates with price movements, as bullish sentiment can drive more investors to buy, while negative sentiment may trigger selling.

During periods of heightened social volume, Shiba Inu has experienced notable price surges, capturing the attention of traders, investors, and media outlets. SHIB’s price also jumped as the network’s Shiboshi NFTs witnessed higher demand with soaring transactions in the ecosystem.

Shiba Inu Project Lead’s New Tweet Is A Whole “MOOD”

Once again, the enigmatic co-founder of Shiba Inu, known as Shytoshi Kusama, has sparked excitement with a captivating tweet that showcased an anime-style GIF accompanied by the word “MOOD.” Following this, Lucie, a marketing specialist, shared Kusama’s latest updates on forthcoming initiatives within the Discord group.

The initial update revolved around the concept of “dry ink,” hinting at the completion of a contract. The subsequent update focused on technological advancements and the promotion of significant causes. The third update, expected to follow soon after, is said to be of great significance, warranting celebratory gestures. While the specific entities involved in these partnerships remain undisclosed, the news has undeniably stirred anticipation within the SHIB community.

Shiba Inu Equation Ignites Cryptic Twitter Storm

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In the dynamic realm of social media, characterized by rapid exchanges of cryptic messages and clever allusions, the focus shifted to Shiba Inu when a recent tweet emerged. This particular tweet quickly seized the interest of both cryptocurrency enthusiasts and online users. The tweet’s content was succinct: “An equation for my math buffs. I won’t ELONgate it: Shib > X.” Despite its seemingly unassuming nature, this equation was imbued with layers of meaning and amusement, triggering a chain of diverse reactions and varying interpretations.

“ELONgate,” a clever play on words blending “elongate” and the moniker of tech titan Elon Musk, injected a playful tone into the tweet. Rather than delving into an extensive discourse, the tweet embraced brevity while wielding substantial meaning. At its heart, the equation “Shib > X” quietly suggested Shiba Inu’s perceived supremacy over the recently rebranded Twitter, now humorously referred to as “X.”

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Source: X

Amid Elon Musk’s track record of wielding significant influence over cryptocurrency valuations via his tweets, Kusama’s message underscored Shiba Inu’s autonomous value, detached from endorsements by industry moguls. Diving deeper, Kusama offered a glimpse into Shiba Inu’s imminent Layer 2 solution, designed to enhance scalability and utility. The highly anticipated solution, slated for launch this month, aims to catapult Shiba Inu into a new echelon of performance and adoption.

Shiba Inu Banter: Accusations & Acknowledgments

Reactions to the tweet spanned a spectrum. Some users playfully endeavored to decipher the enigmatic equation, while others took good-natured jabs at Kusama. In a humorous twist, one user cheekily accused Kusama of being none other than Ethereum’s co-founder, Vitalik Buterin. Kusama’s swift response quashed the theory with a light-hearted tone, clarifying, “I am not but I appreciate him!”

As the thread of replies unfolded, Kusama emphasized the equation’s straightforwardness. Notably, he acknowledged the implicit dominance of Shiba Inu ($SHIB) over the venerable Dogecoin ($DOGE), deeming the initial tweet as nothing less than “a declaration.” However, not all responses were filled with mirth. One Twitter user leveled an accusation of “fraud” against Kusama and expressed skepticism concerning the impending solution’s timely launch. In characteristic fashion, Kusama countered with his own brand of humor, insinuating that the skeptical user was merely a “bot,” and teasingly hinting at the programmer’s idiosyncrasies.

In an internet landscape fraught with complexity, Kusama’s tweet emerged as a delightful amalgamation of wit and symbolism. Beyond its surface-level amusement, the equation spoke volumes about the perceived value of Shiba Inu and its journey towards scalability and utility. Ultimately, this tweet encapsulated the essence of modern communication—concise, impactful, and filled with a touch of levity that keeps the digital world intrigued.

Shiba Inu’s New Payment Pathway Unlocked, Courtesy BitPay

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Shiba Inu users can now pay bills without the need for a bank account, thanks to BitPay, a well-known crypto payment gateway that recently unveiled a brand-new payment service called BitPay Bill Pay. The leading payment service provider has teamed up with embedded banking service Method Financial to enable the real-time retrieval of bills and liabilities.

Customers would be able to pay off bills directly from BitPay’s self-custody wallet application through BitPay Bill Pay, including credit card and mortgage payments, car loans, and personal loans, as stated in the official notice.

“Paying everyday bills without a bank account is a monumental step for the crypto and unbanked community,” says BitPay CEO, Stephen Pair. “BitPay customers are some of the most prominent crypto spenders in the world, so we believe this will be a game-changing solution for both crypto users and service providers.”

A number of well-known cryptocurrencies, including ERC-20 tokens and stablecoins, are supported by BitPay, the largest Bitcoin and cryptocurrency payment service provider in the world. Bitcoin [BTC], Ethereum [ETH], Shiba Inu [SHIB], Dogecoin [DOGE], Litecoin [LTC], Bitcoin Cash [BCH], Wrapped Bitcoin [WBTC], Binance USD [BUSD], Polygon [MATIC], etc.

Currently, BitPay Bill Pay is available to residents of select U.S. states, including “Alabama, Alaska, Delaware, the District of Columbia, Florida, Georgia, Illinois, Iowa, Kansas, Maine, Massachusetts, Mississippi, Nebraska, New Jersey, New Mexico, Ohio, Oregon, South Dakota, Tennessee, and Washington,” through the BitPay Wallet app. However, BitPay has stated that a larger audience will soon be able to access the Bill payment service.

Binance Pay Boosts Shiba Inu Adoption

A couple of days ago, Binance Pay, the payment infrastructure wing of the top crypto exchange, forged a monumental alliance with YesStyle, a key online retailer of cosmetics and grooming products. The game-changing partnership has enabled over 300 cosmetics brands on the site to now accept payments in the vast range of cryptocurrencies supported by Binance Pay, including the wildly popular meme token.

Shiba Inu, one of the most talked-about cryptocurrencies in the market, has attracted a lot of interest as a result of its acceptance as a reliable payment method across several businesses. SHIB’s earlier partnerships with Binance Pay also yielded widespread adoption across airlines, rental companies, and even Burger King in Paris, where it was used to pay for power banks.

Shiba Inu Team’s Marketing Pro Envisions Memecoin Igniting Next Bull Run

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Lucie Sasnikova, a well-known SHIB influencer, predicted that Shiba Inu would soon break records and teased the arrival of even more exciting news. The timing is critical because there are only a few days left until the Shibarium mainnet reveal, even though the team member did not make any specific mention. Since multiple innovations are slated to release at the same time, the meme token ecosystem is already teeming with activity.

The recent launch of the cross-chain bridge for the layer-2 scaling protocol was a colossal step forward. The cross-chain protocol, per the documentation, will leverage the sidechains of the Ethereum network and the Shibarium PoS to handle transactions, resulting in faster transaction times and cost savings.

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Shiba Inu Team's Marketing Pro Envisions Memecoin Igniting Next Bull Run 11

As many of us are aware, the Shiba Inu team has already released the Shibarium Beta, often known as PuppyNet, which has handled more than 35 million transactions, approximately 2 million blocks, and boasts more than 17 million wallets. However, Puppynet’s operations have mysteriously and abruptly ceased, leading some people to believe that the developer team is finally getting ready to launch the Shibarium mainnet.

The demand for SHIB has increased significantly as a result of all these expectations, setting a record high for the year in terms of the number of addresses. Two other SHIB ecosystem coins, Leash and Bone, also surged substantially.

Shiba Inu: BONE Holders Racking It In

For instance, Bone ShibaSwap [BONE], the governance token of the Shiba Inu decentralized exchange [DEX] known as ShibaSwap and the future gas fee token for Shibarium, has distinguished itself from other tokens due to its near flawless track record in terms of the percentage of current profit holders.

Nearly 70k addresses, or 85.54% of all BONE holders, are currently making big bucks, according to data from the crypto monitoring platform IntoTheBlock.

At the Blockchain Futurist Conference 2023, the scaling protocol’s much-anticipated introduction would be commemorated by a glitzy ceremony with project leader Shytoshi Kusama and Metaverse advisor Marcie Jastrow as keynote speakers.

Apart from the speech, Shiba Inu will be one of the conference’s major sponsors, elevating it to a new level and placing it near the biggest cryptocurrency exchanges and blockchain powerhouses.

Exchange Balance of Shiba Inu Tokens Sees Dramatic Increase

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The increasing popularity of Shiba Inu [SHIB] is clearly evident through its growing appeal and the speed at which new adoptions are taking place. Another encouraging sign of adoption can be seen in the amounts of SHIB held on various exchanges. Many exchanges have incorporated Shiba Inu into their portfolios. However, recent data reveals that the combined amount of this meme coin held across these exchanges has been steadily rising.

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Exchange Balance of Shiba Inu Tokens Sees Dramatic Increase 14

Based on data from Santiment, significant upticks have been observed in the balances on several prominent exchanges. The total SHIB balance on Binance, for instance, surged to 30.9 trillion tokens, marking a noteworthy increase of 201.1 billion tokens in the past 24 hours.

A similar trend was noted on OKX, which closely followed with a balance of 9.9 trillion tokens, having accumulated 149.4 billion tokens within the last day. This contrast between the influx of tokens, which might suggest a potential intention to sell, and the growth in holdings actually indicates a positive trend of greater adoption for SHIB.

SHIB Exchange Reserves Experience Notable Decrease in Supply

The recent uptick in the balance coincided with a time when the quantity of Shiba Inu tokens held on exchanges underwent a decrease. Over the weekend, SHIB witnessed a notable price surge. Concurrently, the supply of Shiba Inu tokens on exchanges dwindled to 8.29%, marking the lowest level seen since April 2021. This indicates that the pressure to sell SHIB has not intensified.

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The ongoing upward movement in SHIB’s price is likely to continue due to the limited availability of SHIB tokens for sale on exchanges. Furthermore, the period of strong performance for this asset was relatively short-lived. As of the current moment, SHIB was being traded at $0.00000898, showing a 3.17% decrease over the day. Nonetheless, the enthusiasm surrounding Shibarium and the previously mentioned exchange-related developments hold the potential to set the stage for a favorable path ahead for this meme coin.