Shiba Inu (SHIB) has been trading under heavy selling pressure for months. The second largest meme coin has failed to impress investors since the beginning of this year. However, SHIB’s lead developer, Shytoshi Kusama, gave a big hint about some upcoming projects for Shibarmy.
SHIB developer proposes interesting things next week
Earlier last week, the famous SHIB influencer, as we covered in the news ofKriptkokoin.com Milkshake has announced that it is in talks with Team Red Bull. Shytoshi Kusama also talked about a conversation with the Red Bull team. This announcement sparked curiosity and anticipation for future collaborations among Shiba Inu holders.
The lead developer made fun of Shibarmy in the latest announcement, talking about things that will get interesting next week. However, he noted that he saw some artwork from Playside Studios for Shiba Inu’s Collectible Card Game (SHIB CCG). Kusama added that he is looking forward to sharing this with the community. But the team creates a SHIB narrative for the depth of the Shiba Inu CCG story.
Meanwhile, after the big Red Bull meeting, the community is looking forward to the collaboration between the two. It shouldn’t be surprising then that SHIB’s logo appears on Redbull’s race cars and stunt planes during various events.
Can the Shiba Inu heal their wounds?
As it will be remembered, the meme coin team has developed many different projects and perspectives to increase the utility of the token. From launching your own Metaverse to launching the official burn portal. However, it has not seriously affected the price of the Shiba Inu so far. SHIB price has dropped over 54% in the last 3 months.
Ranking 16th in the market, SHIB was trading at $0.00001177 with a daily increase of 0.98% at the time of writing, according to CoinMArketCap data. The recent crash has significantly eroded SHIB’s market value, causing it to drop to approximately $6.3 billion. The 24-hour trading volume of the meme coin fell by 25% to $300 million. Meanwhile, the official SHIB burn portal has sent 49.5 Billion Shiba Inu tokens to a dead wallet since its inception.
