Shiba Inu’s marketing specialist, @LucieSHIB, shared what SHIB and its developer team had accomplished over the previous two years during the bear market in an X post.
This appears to be a recap of the milestones this meme currency and its crew have achieved before the largest one, the launch of Layer 2 platform Shibarium, which is anticipated to occur later this year.
“SHIB in bear market builds to bloom in bull one”
Since the summer of 2021, the SHIB team has introduced a number of events and goods, according to Lucie. They begin with the debut of SHIBOSHIS in October of that year, followed by the release of BONE as a petrol token, the relationship with the Italian fast food chain Welly’s, who selected SHIB as its mascot in February 2022, and the launch of SHIBOSHIS.
Following that, the project was launched with renowned fashion designer John Richmond. The SHIB team began creating the metaverse in April 2022 and tested the Shiba Eternity mobile game in Indonesia a few months later.
Shiba Eternity experienced a complete debut of the metaverse website and Wagmi Temple hub later in 2022. The SHIB team launched Shibarium in beta in March of this year and set up its Discord channel. There were alliances with Tangem, Bad Idea AI, vodka, and rock ‘n’ roll.
The Shibarium Bridge was made available for public beta testing earlier this week. A likely debut of Shibarium will follow a keynote by chief developer Shytoshi Kusama at the annual Eth Toronto event, which SHIB will sponsor in August.
According to Lucie, Shiba Inu constructs things during a down market in order to flourish when a bull market eventually occurs.
SHIB burn news
Nevertheless, despite the several accomplishments of the SHIB team listed above, things do not appear to be going well right now in terms of burning these meme currency.
The SHIB community has transferred a total of 27,902,462 SHIB to dead wallets in the previous 24 hours, according to statistics provided by the Shibburn tracker. That is a reduction of 18.53% from the previous day, when more over 34 million Shiba Inu were taken out of circulation.
The Shibburn team recently addressed the issue of SHIB getting burnt but its price not changing much in a long tweet.
According to the tweet, burning even billions of dollars per day wouldn’t be sufficient unless it was accompanied by significant, regular purchases of SHIB by long-term investors.
According to the CoinMarketCap website, SHIB, the second-largest meme coin by market cap, is now trading at $0.000007808 and has decreased by a negligible 1% during the previous 24 hours.
