Shiba Inu (SHIB) Main Developer Invited To Join The World Economic Forum

Shiba Inu laying on back in front of poster with World Economic Forum written

Shiba Inu’s (SHIB) main developer Shytoshi Kusama dropped some big news on Wednesday morning. The World Economic Forum requested that the leader of the SHIB Army collaborate with them on their metaverse global policy. In accordance with this, Mr. Kusama set up a Twitter poll for the SHIB Army to vote on whether to proceed with the collaboration.

So far, over 19,000 members of the SHIB Army have voted and 62.7% chose the option of working together with the World Economic Forum, while another 27.2% were opposed to Shytoshi Kusama’s participation. On top of that, 10.2% of the poll voters claim it makes no difference to them. The members of the SHIB Army will be able to cast their vote until the end of the day, while the WEF annual meeting will take place at the beginning of 2023 in Geneva, Switzerland.

Shiba Inu’s (SHIB) Trading Volume Pumps 7,000,000%

In the wake of the news, the popular memecoin shot up in trading volume, according to CoinMarketCap. Interestingly, the numbers are hardly believable, with centralized exchanges seeing over $13 trillion of SHIB tokens transferred in the past 24 hours. The decentralized exchanges endured a lot of SHIB action too, with $4.7 million being transferred.

This is due to the fact that SHIB’s declining market price over the past couple of weeks served as a wake up call for the TOP 100 Ethereum (ETH) Whales, who scooped up colossal amounts of the memecurrency. To illustrate, ETH Whales made several transactions worth hundreds of billions of the canine tokens in the last 24 hours alone, according to Etherscan.

On top of that, the big news from SHIB’s lead developer ignited the pump in its burn rate. Accelerated by a whopping 1081% in the last 24 hours, the SHIB Army eagerly set fire to 136 million coins, in the hope of boosting its market price.

On the Flipside

  • Despite reclaiming the levels of the previous week, SHIB is still trading below the $0.00001 key resistance line.
  • At press time, the popular memecoin is priced at $0.00000901 with 8.9% daily gains, according to CoinGecko.

Why You Should Care

The SHIB Army is one of the most active crypto communities on both Twitter and Discord. The popular memecoin is usually among the leaders in the altcoin rebound races.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

Author

Tadas Klimasevskis is an author & reporter, focusing on the latest tendencies of the crypto galaxy. Tadas spends his time digging deeper into specific areas like coins such as Shiba Inu (SHIB) & Dogecoin (DOGE), music NFTs, sports NFTs, digital art, and Pop culture in Web 3.0. Tadas strongly believes in crypto as disruptive innovation and keeps an eye out for new crypto hubs being developed around the globe. His vast experience in social media lets him quickly spot what’s going on in the mercurial world of crypto and deliver stories with unique spins. He has been active in blockchain and cryptocurrencies since 2019.