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In the midst of a recent wave of innovations seen throughout the Shiba Inu ecosystem, LUCIE, a well-known member of the community, attracted significant attention to the community's recent plans to enable SHEboshi, an ERRC-404 coin that increases Shiboshi. In keeping with today, February 16, LUCIE's post on X, the community member shed light on an important update for Shibarium, Shiba Inu's L2.
Moreover, Shiboshi holders and whales owning Shiba Inu ecosystem tokens stand to gain a great deal, according to LUCIE's post. Shiba Inu's price, meantime, was rising in line with the progress of the community. As of the time of publication, the meme coin's derivatives data indicated an upward trend and further demonstrated the bullish optimism present in the larger cryptocurrency market.
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Shibarium Prepares for the Imminent SHIboshi
According to LUCIE's article, "Shiboshi hasn't even started yet." In addition, the community intends to incorporate a P2E (Play-2-Earn) game into Shirbarium to promote SHIB burning and transactions. This boosts market confidence even more, igniting Shiba Inu's cryptography endeavor and establishing Shibarium as a leader in L2s.
By highlighting the Shiboshi utility on Shibarium as of late December of the previous year, Lucie ruled out important features with the introduction in 2024. The distribution of "Treat," the reward token for the Shiba Inu ecosystem, access to a range of features, the integration of NFTs on Shibarium, and numerous other features were among these characteristics. Now that the integration is operational, the community wants to support SHIB's tokenomics.
Meanwhile, LUCIE brought attention to Shiboshi holders and whales who had accumulated over time. Interestingly, the community noted that SHEboshis can be claimed for free by Shiboshi holders in the most recent edition of the Shib magazine. It is still dependent on the number of Shiboshi held by the bearer and how long they have had it.
Furthermore, considering the progress of the community as a whole, whale holders of the Shiba Inu ecosystem tokens, BONE, LEASH, and SHIB, stand to gain a great deal. Even while LUCIE notes that this is only the "beginning," the community declared that significant announcements would not be made until after SHEboshi's claiming process begins, which is expected to happen this weekend.
Shiba Inu's price, which was trading in the green as of press time, further reflected hope for the community's advances.
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Shiba Inu Price Rises
The Shiba Inu price is currently trading at $0.000009962, having increased by 1.59% in the last 24 hours. The meme coin is attracting the attention of traders and investors in the cryptocurrency industry as it seems to be steadily approaching the $0.00001 threshold.
When compared to Shiba Inu's price explosion, the derivatives data provided by Coinglass indicated a 4.96% increase in SHIB's open interest, suggesting a positive environment.