The SHIB team gave the good news of an important work. Details of the new project are here.
Shiba Inu (SHIB) is currently the second largest meme token by market cap. The last good news made investors happy. Struggling to become more than just a meme token, the SHIB team has produced projects in many areas including the metaverse, DEX. While their work was going on, new good news came.
The Shiba Inu (SHIB) Team is working on SHIB Wikipedia to combat FUDs and misinformation. The team behind Shiba Inu (SHIB) is reportedly working on creating the "SHIB Wikipedia" to help eliminate scams and misinformation about the project. The team is also making progress on Shibarium Documentation and Woofpaper v3. The Shiba Inu team continues to struggle to provide the right information to users in a single center.
The main purpose of the SHIB Wikipedia project is to prevent accusations, allegations and frauds that damage the reputation of the Shiba Inu Ecosystem. The Shib Trophias nameplate SHIB Official Defense Team Alpha member has officially confirmed this work. He also announced that Shibarium Documentation and Woofpaper v3 will also be part of the upcoming wiki section.
At the time of writing, SHIB is priced at $0.00001181. SHIB, whose market value has been falling for a while, has moved between $0.00001307 and $0.000009681 in the last 1 month. While the devastating impact of 2022 hasn't hurt it as much as other meme tokens, it's still 86% below ATH.
The trading volume, which fell to $488 million in the last 24 hours, represents a 33% decline. SHIB has been declining in volume for some time now. This is also related to the fact that the market has not yet signaled a full reversal. SHIB had made serious gains in the last two major market rebounds last year.
Another positive development for SHIB is that the token burning rate increased by 414% in 24 hours. 225,199,416 SHIBs were burned in just 1 day. Although this figure may seem small, the token has a stable burning policy.
To date, 410,375,148,136,020 of the total supply has been burned. An important part of this is the tokens sent to Vitalik Buterin.
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