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

  • Bitcoin News

SpaceX Makes Third Huge Bitcoin Transfer in 10 Days, Is Elon Musk Planning Something Big?

Elon Musk’s space exploration company, SpaceX, moved another 281 Bitcoin on Thursday, according to blockchain…

October 30, 2025
  • News

Crypto Market Tumbles as Jerome Powell Says December Rate Cut ‘Far From Certain’

The crypto market turned sharply lower on Tuesday after Federal Reserve Chair Jerome Powell said…

October 30, 2025
  • News

FOMC Meeting: Federal Reserve Lowers Interest Rates by 25 Bps in Second Cut of the Year

The U.S. Federal Reserve has announced it has lowered the interest rate by another 25…

October 29, 2025
  • News

WLF Token Jumps 7% as Former Robinhood Counsel Joins Trump-Backed World Liberty Financial

World Liberty Financial (WLFI) has appointed Mack McCain as its new General Counsel. This marks…

October 29, 2025
  • News

Changpeng Zhao “CZ” Warns Investors “Don’t Buy” Golden Statue Meme Coin After 27,000% Surge

Binance founder Changpeng Zhao (CZ) has publicly distanced himself from a newly launched token inspired…

October 29, 2025
  • News

Markets Expect October Fed Rate Cut as Bitcoin Repeats Post-FOMC Pattern

Bitcoin traders are preparing for a rise or fall in the price of Bitcoin, as…

October 29, 2025