Recently, Shiba Inu marketing leader, Lucie, shared key details about the upcoming SHIFU coin airdrop. The anticipated airdrop has generated excitement within the SHIB community, with metrics revealing significant interest in Shiba Inu’s Layer-2 solutions.
Shiba Inu Team Shares Details on SHIFU Coin Airdrop
According to the announcement, the upcoming airdrop will offer various opportunities, particularly for LEASH and BONE investors. Additionally, SHIB players and NFT enthusiasts will also receive significant advantages.
In Lucie’s December 11th X post, she stated that the SHIFU airdrop marks an important milestone for the Shiba Inu community. This optimistic statement is based on the token distributions in the upcoming airdrop, which are specifically tailored for LEASH and BONE investors, SHIB players, and meme coin community NFT enthusiasts.
First, Lucie explained that the upcoming airdrop will reward LEASH investors based on their token holdings. The announcement includes the statement: “Hold 0.01 LEASH for each distribution slot.” Additionally, tokens from the Ethereum and Shibarium networks will be included in this opportunity. A snapshot date for participation will be announced shortly.
Shibarium Transactions Reach $600 Million
Aside from the airdrop excitement, Shiba Inu’s Shibarium Layer-2 solution has shown rapid growth, surpassing 600 million transactions and $6 million in TVL. Shibarium’s Total Value Locked (TVL) recently hit an all-time high, demonstrating the network’s rapidly expanding utility.
According to the data, Shiba Inu’s Shibarium network has seen a meteoric rise in TVL, reaching $6 million, a level never seen before within the ecosystem. This growth reflects increasing user confidence in Shibarium as a scalable solution within the broader Shiba Inu network. The rise in TVL aligns with the network’s continuous increase in transactions, indicating that the platform’s utility is expanding quickly.
How Has Shiba Inu Price Responded to Developments?
As Shibarium’s activity increased, SHIB’s price also showed a significant rally. SHIB, which had dropped to $0.000017 in mid-June, surged past $0.000027 in early December, in line with investor optimism and ecosystem development. However, recent retracements in SHIB’s price suggest that the market is currently in a consolidation phase.
Despite the recent retracement, SHIB has remained in a strong uptrend on the daily chart. The 50-day moving average acted as support at $0.00002357, providing a potential bounce point for bullish momentum.
Additionally, the RSI data shows a reading of 50.60, indicating neutral momentum but leaving room for upward movement if buying interest resumes. Moreover, the volume has slightly decreased, suggesting that traders are awaiting a decisive breakout above the key resistance level at $0.000030. As reported by Kriptokoin.com, there are analyses forecasting that the correction will soon turn into a bull market.