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Cryptocurrency News Articles

Shiba Inu (SHIB) Hints at Possible Developments This November, Sparking Speculation of New Releases and Staking Rewards

Nov 02, 2024 at 05:49 am

In a mysterious “Growvember” post, Shiba Inu’s lead Shytoshi Kusama hinted at possible developments for SHIB this November, sparking speculation

Shiba Inu (SHIB) Hints at Possible Developments This November, Sparking Speculation of New Releases and Staking Rewards

Shiba Inu’s lead developer dropped a cryptic hint at possible developments for SHIB this November in a mysterious “Growvember” post, sparking speculation of new releases and staking rewards. The SHIB community is on high alert as Kusama keeps details under wraps.

Shytoshi Kusama's Message to the SHIB Community on X

Head developer of Shiba Inu Shytoshi Kusama has taken to the enigmatic X, formerly known as Twitter, to communicate with the SHIB army.

Considering the message's reference to "Growvember," it's possible that the SHIB head anticipates a bullish nine months for the crypto market and Shiba Inu and other Shibarium tokens specifically. The TREAT token rumor that it was trading on ShibaSwap was also denied by him.

In an animated GIF reminiscent of anime, artist Shytoshi Kusama included a message he had for November: "Yeah, well, you won't get quiet Shy in Growvember."

So far, 152 people have shared this tweet, and 549 have liked it. This X post's comments were closed by the SHIB leader.

"Growvember" Hints at Bullish Prospects

Most people in the Bitcoin sector view October as a positive month. They don't call it "Uptober" for nothing; historically, it has been good for the stock markets and Bitcoin alike, U.Today explains. Kusama has now expanded the list to include "Growvember" as well.

His fellow crypto enthusiast @cryptomumms also had a post that he commented on. According to the X user, TREAT, a Shibarium token, is one of the most popular tokens on the ShibaSwap dex.

One word was Shytoshi Kusama's response to that:

"Interesting."

Kusama and Lucie (@LucieSHIB), who is in charge of marketing for the SHIB team, have repeatedly informed the Shiba Inu community that the TREAT token is not yet available for purchase.

Warnings Against Fake Tokens on ShibaSwap

According to Lucie, they don't have any say over decentralized exchanges like ShibaSwap, which is accessible via the Shibarium and Ethereum chains. Consequently, the SHIB team will not be able to delete the false tokens from that location.

As the SHIB team approaches the introduction of TREAT, the aforementioned marketing lead Lucie has informed the community through a post about the impending staking improvement.

The ShibaSwap DEX will support Bury 2.0 on the Shibarium chain as well as the Ethereum chain. Users will have the opportunity to acquire governance authority, staking incentives, "exclusive perks," and "market stability support" through this "more robust staking model."

Community Vigilance Urged as TREAT Release Nears

Once again, Lucie emphasized the need of the community remaining vigilant against scammers who may offer to invest in phony tokens as the TREAT release draws closer.

News source:econotimes.com

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Other articles published on Nov 02, 2024