Shiba Inu (SHIB), the meme-inspired token that has captured the crypto world’s attention, continues to make waves with its recent surge in activity.
As the highly anticipated launch of Shibarium draws near, the Shiba Inu ecosystem is gearing up for yet another significant milestone.
Over the past month, SHIB has experienced a notable rally, with its activity peaking in July. This surge has been accompanied by a remarkable increase in the number of new SHIB addresses, reaching a substantial volume of 3.5 million addresses, according to IntoTheBlock data. T
he growing interest in SHIB reflects the excitement surrounding its ecosystem and future prospects.
Shiba Inu’s lead developer, Shytoshi Kusama, has left the community intrigued with hints about an imminent announcement for LEASH token holders.
Kusama recently unveiled plans to reveal something special on a specific date and time. This announcement is set to introduce a new utility for the LEASH token, adding another layer of utility and potential to the Shiba Inu ecosystem.
The LEASH token, often referred to as the “Doge Killer,” stands as a prominent component of the Shiba Inu ecosystem alongside BONE and SHIB tokens.
Currently priced at $567, the LEASH token boasts a market capitalization of approximately $60.16 million, according to CoinMarketCap data. Its unique position within the ecosystem positions it for potential growth and influence.
As the countdown to the Shibarium launch continues, SHIB’s price dynamics remain in the spotlight. Despite a recent 2.7% decline within the last 24 hours, SHIB has demonstrated resilience, hovering around the $0.00001 range.
The impending launch of Shibarium has generated buzz, propelling SHIB prices to soar by 11% in a week and 30% in a month.
While SHIB faces resistance at the $0.00001 level, the emergence of a newfound support level has fueled optimism for bulls.
The price trajectory is poised toward breaking through the $0.000011 resistance and potentially reaching the $0.000013 level. However, caution remains as a bearish pullback could lead to a retracement to $0.000009.