24/7 Cryptocurrency News

Just-In: Shiba Inu Will Release New Token, Here’s How To Earn It

Sytoshi Kusama, major SHIB influencer, has revealed the launch of a new token, Treat.
Published by
Just-In: Shiba Inu Will Release New Token, Here’s How To Earn It

Shytoshi Kusama, a major SHIB influencer and lead developer of ShibaSwap, announced that Shiba Inu will launch a new token. The new token, TREAT, will be launched as a part of their ecosystem development.

SHIB’s price has increased by 6% in the last 7 days. It is currently trading at $0.00001043.

The announcement came from Shytoshi’s blog, which also provided other updates on Shiba’s L2 blockchain Shibarium and its stablecoin, SHI.

Advertisement

Significant Developments In Shiba Inu Ecosystem

Shytoshi disclosed that the Treat token will be primarily used as a reward. Recently, the Shiba community voted for the allocation of BONE tokens as a reward for the production of validators in Shibarium. Treat will be used as a reward for everything else.

Moreover, Kusama revealed that Treat will also be used to derive rewards for the Metaverse and the Shiba Collectible Card Game. It is also believed to play a key role in the balancing of the SHI stablecoin. Kusama was confident that the tokenomics will be popular within the community. Treat was developed in relative secrecy to avoid any rush off and to plan its use cases well in advance. 

Kusama revealed to also reserve a limited supply of Treat for loyal Breed members. According to him, many of Shiba’s most loyal supporters have to deal with “FUD”, sometimes from previous members of the team who parted on bad terms. Kusama questioned their motives and suggested that their plan could be to cause SHIB to tumble so that they can buy the dip.

Shiba Inu also witnessed the largest transaction in its history. A whale bought 20 Trillion $SHIB worth USD 210 million. This whale, usually XRP-focused, made SHIB 21% of its entire portfolio while decreasing XRP by 5%.

Advertisement

Will SHIB Prices Rise?

The recent updates created a lot of enthusiasm in the SHIB community. SHIB’s price has also increased by over 6% in the last 7 days. SHIB is currently trading at $0.00001043. SHIB burn rates are also up by 155% in the last 24 hours. 

Whether the recent updates are enough to help $SHIB rally remains to be seen.

Advertisement

Share
Nidhish Shanker

Nidhish is a technology enthusiast, whose aim is to find elegant technical solutions to solve some of society's biggest issues. He is a firm believer of decentralization and wants to work on the mainstream adoption of Blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Fed’s John Williams Backs More Rate Cuts This Year Amid Labor Market Concerns

New York Fed President John Williams has shown his support for additional Fed rate cuts…

October 9, 2025
  • Bitcoin News

Bitcoin Edges Higher as Fed Chair Jerome Powell Fails to Comment on Monetary Policy

The Bitcoin price is up today, after a significant drop in the last 24 hours.…

October 9, 2025
  • 24/7 Cryptocurrency News

Flare Network Surpasses $43M in Bridged XRP, Expert Predicts Breakout to New ATH

Flare Network has recorded over $43 million worth of XRP now bridged onto its blockchain.…

October 9, 2025
  • Bitcoin News

Bitcoin, Ethereum Drag Broader Crypto Market Lower Ahead of FED Powell Speech

Bitcoin and Ethereum are dragging lower amid massive volatility ahead of Fed Chair Jerome Powell's…

October 9, 2025
  • 24/7 Cryptocurrency News

Breaking: Ripple Partners With Bahrain’s Fintech Bay in Push for RLUSD Adoption

Ripple has announced a new partnership with Bahrain’s Fintech Bay (BFB). This initiative seeks to…

October 9, 2025
  • Altcoin News

XRP News: Why Whales Sold 440M Coins in a Month Despite ETF Launch Buzz

In a major XRP news today, whales are betting against XRP ETF launch anticipation and…

October 9, 2025