Shibacals: Shiba Inu's Innovative Approach to Authenticating Physical Collectibles

In a blog post published on Wednesday (21 June 2023), Shiba Inu's pseudonymous lead developer, Shytoshi Kusama, introduced Shibacals, a novel concept within the Shiba Inu Ecosystem. Shibacals aims to authenticate physical collectibles, bridging the gap between the tangible and digital worlds in a unique way.

Timeline of Shiba-inu

As the Shiba Inu price skyrocketed within the past 24 hours, the SHIB army has shown a lot more activity in moving SHIB dog-themed coins to dead wallets over the same period of time, raising the SHIB burn rate quite significantly. Nearly all 341 million of the burned SHIB coins were moved out of the circulating supply for good in a single move.

Shiba Inu (CRYPTO: SHIB) surged 11% after the project's developer announced plans to introduce a new service that connects physical objects with non-fungible tokens (NFTs). Lead developer Shytoshi Kusama revealed details about the upcoming “Shibacals: Authenticated Collectibles” in a recent blog post.

Key Points: Shiba Inu ecosystem are working on a new service that will link real-world assets to non-fungible tokens (NFTs) to establish ownership as part of their Shibarium ecosystem rollout.

Shiba Inu lead developer Shytoshi Kusama recently published a new blog post about the latest developments in the SHIB ecosystem. However, while the focus of Kusama's blog post was on Shibacals, there was a more hidden news: Shibarium's partnership with AI meme token project Bad Idea.AI.

Shiba Inu (SHIB), the meme-inspired cryptocurrency, has witnessed an unprecedented surge in its burn rate with staggering 7000% rise. This triggered a remarkable 10% increase in its market capitalization and its price over a day.

In a remarkable turn of events, netflows into the wallets belonging to the largest Shiba Inu token holders experienced a staggering surge, reaching a whopping 134.93 billion SHIB within a span of 24 hours on Tuesday. To put this into perspective, it equates to an astounding $1 million in value.

Crypto Rug Pull News: Crypto brokerage firm, Voyager Digital which filed for Chapter 11 bankruptcy back in 2022, is preparing to reopen partial withdrawal for its users. On-chain data tracker reports that the troubled crypto firm transferred tokens out from its hot wallet.

Trillions of Shiba Inu (SHIB) tokens have been shifted in recent hours by Bankrupt crypto lender Voyager. According to on-chain analytics firm Lookonchain, Voyager seems to be transferring tokens out of its hot wallet.

Shiba Inu (SHIB), the meme-token-turned-bona-fide-cryptocurrency, is currently on a crucial phase of its price journey. Having reached the 21-day Exponential Moving Average (EMA) level, SHIB has essentially hit its first major target.

Shiba Inu (SHIB) has recently experienced a significant breakthrough in its price movement. With a 10% rally, SHIB managed to surpass a crucial resistance point that had been hindering its upward momentum.