Shiba Inu (SHIB) Leader Shytoshi Kusama Confirms TREAT Token Release Date

On December 27, Shytoshi Kusama announced via the X platform, “The time has come to talk about TREAT and the future of our state,” providing the community

Shiba Inu (SHIB) Lead Developer Announces TREAT Token Release Date, Updates on SHIB Price Performance

Shiba Inu (SHIB) Lead Developer Shytoshi Kusama has announced the upcoming release date for the highly anticipated TREAT token. This announcement comes amid updates on SHIB's price performance and key developments within the SHIB ecosystem.

Here's a summary of the latest updates and analysis:

TREAT Token Launch Update

On December 27, Shytoshi Kusama announced the upcoming launch of the TREAT token, providing the community with an eagerly awaited update. In a statement via the X platform, Kusama announced, “The time has come to talk about TREAT and the future of our state.” This announcement follows the recent launch of “SHIB: The Metaverse,” which has garnered attention from investors.

“As the Metaverse progresses successfully, it's now time to talk about TREAT,” Kusama's statement reads, highlighting the significance of the upcoming release.

Previously, Shytoshi Kusama hinted at the new token launch, stating, “More TREAT is coming to the SHIB community.” These developments indicate a major milestone in the SHIB ecosystem.

Current SHIB Price Performance

At the time of writing, SHIB is trading at $0.0000215, showing a slight 0.15% decrease. The token's daily price lows and highs stand at $0.0000213 and $0.00002235, respectively. However, with the recent updates, market analysts are anticipating further gains in SHIB's price.

According to one analysis, SHIB is expected to rally towards the $0.00008 target. Market expert Javon Marks suggests that the token may experience a 234% surge, tripling its current value.

Meanwhile, data from Coinglass shows a 4% decrease in SHIB futures open positions, indicating caution among investors.

December 2024 Targets Under Selling Pressure

Midweek saw a renewed increase in selling pressure, with large wallet outflows surging significantly. Outflows from major investors rose from 856.14 billion SHIB on December 18 to 2.75 trillion SHIB on December 19. Some whale accumulation was also observed, with large-holder inflows increasing from 1.07 trillion SHIB on December 18 to 1.9 trillion SHIB the following day. However, the selling pressure remained dominant due to outflows outpacing inflows.

Outflows from major holders reached 8.16 trillion SHIB compared to 7.72 trillion in inflows during the same trading session. In the futures market segment, Shiba Inu’s Open Interest Weighted Funding Rates turned negative over the past 24 hours but showed signs of positive change. This indicates that crypto investors were assessing the price dip and predicting a potential rebound.

Significant Spot Outflows and Accumulations

Finally, Coinglass data revealed a $10 million spot outflow on December 20, marking the largest daily outflow of the week. However, a subsequent accumulation phase resulted in a positive net inflow of $7.94 million. As covered by Kriptokoin.com, Shytoshi Kusama's recent statements have attracted increased attention from buyers.

With the TREAT token launch on the horizon, the Shiba Inu ecosystem is set for a new chapter that could shift market dynamics and bolster investor sentiment.

To stay up-to-date with the breaking news, follow us on Twitter, Facebook, and Instagram. Join our Telegram and YouTube channels