Shiba Inu Coin News: According to a recent announcement, meme coin enthusiasts will not want to miss SXSW 2023 in Austin, Texas. However, it will feature an exclusive exhibit of SHIB: The Metaverse, a Shiba Inu-themed metaverse project.
Shiba Inu and SHIB The Metaverse gear up
The first of 11 hubs in its metaverse, WAGMI Temple, will be made available to participants as a first-hand preview. Visitors can engage in immersive experiences at WAGMI Temple to explore a virtual representation of Shiba Token’s collective history and discover more about its decentralized origins.
Sherri Cuono, one of SHIB The Metaverse Advisors said,
What distinguishes SHIB: The Metaverse is the variety of options available in each HUB.
SHIB The Shiba Inu community serves as the energy source for the decentralized Metaverse. It offers new online social interactions and group experiences, like virtual reality and gaming, as well as the chance for users to own and profit from digital real estate.
SHIB Whale Activity Increases
Additionally, a recent alert revealed that a sizable transfer of 3.3 trillion SHIB (Approx worth $30 million) took place between unidentified wallets. However, Dogecoin (DOGE), the top meme coin, is currently ranked at position 9, while Shiba Inu is currently ranked 15 based on market cap.
The Whale Alert message said,
🚨 🚨 3,323,256,285,484 #SHIB (30,458,751 USD) transferred from unknown wallet to unknown wallethttps://t.co/f12FEIOwzC
— Whale Alert (@whale_alert) January 12, 2023
Meanwhile, the Shiba Inu burn rate has increased in recent days. The spike was attributed to the excitement surrounding the much-anticipated Shibarium as well as SHIB whale activity.
Shiba Inu coin price rises
Shiba Inu’s price at the time of writing is $0.000009663, with a market capitalization of $5.7 B and a 24-hour trading volume up by 20.40%. Now it stands at $367 million. At the same time, the circulating supply is approximately 549,063,278,876,302 SHIB.
Shiba Inu prices have dropped 67% in the past year, according to the charts. Despite the fact that SHIB has grown by 12% this year. However, the number of its whales purchasing Bitgert (BRISE) has increased this year. This is due to the fact that Bitgert is expected to be one of the most profitable coins this month.
Also Read: What Is Crypto Rug Pull? Its Meaning And How To Avoid Rug Pulls
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