Shiba Inu’s Welly Store Reveals Layout, Teases Launch Date

Shiba Inu-themed eatery aspires to serve the most delicious chicken wings in town.

Shiba Inu licking a delicious looking burger with an extraorinary tongue.
Created by Gabor Kovacs from DailyCoin
  • Shiba Inu’s fast food chain Welly to open its first restaurant in Italy.
  • SHIB Army forecasts the inaugural restaurant’s exact launch date.
  • Memecoin Shiba Inu continues to hover above critical resistance.

Shiba Inu’s fast food chain Welly’s is actively furnishing glass mirrors before opening its doors in Naples, Italy. In a recent tweet, the official handle with over 50,000 followers posted an outline of the first restaurant with an approximate launch date.

The sneak peek into Shiba Inu’s burger shop shouts, “the best fried chicken in the city!” and uncovers a mirror-styled modern minimalistic design with neon lights.

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Welly’s team invited Shiba Inu fans to guess the exact day of the diner’s opening, only revealing that it would launch this October. Crypto enthusiasts on Twitter reacted with miscellaneous guesses, going from October 19th to the last day of the month. SHIB Army member Space SHIB predicted: “Tomorrow!”

What’s Cooking Up Next for Shiba Inu?

Chicken wing lovers will get the chance to experience Welly’s in different locations as well, as plans for global expansion were affirmed by Welly’s team. Initially, the fast food will serve Welly-themed burgers, French fries, and Caesar salad, among other products – the full menu is yet to be unveiled.

Amid a broader expansion into retail, the popular canine token Shiba Inu enjoys the success of Shibarium L2. The mainnet holds a relatively high total value locked (TVL) of $588 million, surpassing both Base L1 and Solana’s DeFi system. Over two months in, Shibarium L2 hit one million blocks with a five-second average block production speed after public relaunch.

However, the price movement has been dim for Shiba Inu, as the canine token is yet to catch a grip after a ruthless crypto bear takeover. 

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At press time, $SHIB trades at $0.00000713 with a global market cap of $4.20 billion, according to CoinGecko. Gaining 2% in the last 24 hours, $SHIB lacks behind the 4% rally of Bitcoin (BTC), as the $SHIB vs. $BTC price correlation is at a yearly low at -.07. Things are looking similar for $BONE, the gas fee token of Shibarium L2. The alternative coin inked 2.2% daily gains but trades below the long-term support barrier at $0.80.

On the Flipside

  • Some huge crypto whales took the stagnating price movement for SHIB as a buying opportunity, acquiring 21.5T tokens in the last seven days.

Why This Matters

This provides a crucial case in crypto adoption via everyday goods & services.

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Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.