Altcoin
Shiba Inu Coin Lead Reveals Game-Changing Partnership for SHIB Financial Layer
Shiba Inu coin lead developer Shytoshi Kusama has once again echoed a frenzy across the global crypto landscape, spotlighting a game-changing partnership for the SHIB ecosystem. On Tuesday, the lead developer drew attention to the latest partnership with ‘Mass Build,’ hinting it to be the new ‘financial layer of the Shiba State.’ This new financial layer boasts remarkable AI-driven solutions, further reverberating optimism for the coin among crypto market participants globally.
Shiba Inu Coin Lead Spotlights Partnership With ‘Mass Build’
According to a post by the meme coin’s community’s official X account Shibtoken on October 14, the new partnership with Mass Build aims to bring a “Financial Layer of the Shiba State with AI-driven legal and fiscal solutions” to the coin’s ecosystem. This venture is further backed by Stripe, an online payments company that partners with Mass.
“Together, we’re elevating Shib to the next level,” the X post added, sparking optimism. Meanwhile, user speculations across X emerged about whether the abovementioned partnership is the one discussed by the meme coin’s devs during ‘ETHToronto’ earlier this year. Shiba Inu coin lead developer Shytoshi Kusama took to X, stating, “Correct. This was the partnershib mentioned in the Keynote.”
Simultaneously, another developer of the leading meme coin‘s community, Kaaldhairya, spotlighted the partnership. On October 15, Kaal posted, “Hold onto your leashes! Shib is teaming up with Mass to build the ulti-mutt financial layer of our Shib network state!” These statements have in turn garnered substantial attention to the meme coin’s ecosystem token, Doge Killer (LEASH).
Ecosystem Tokens Witness Price Pump
Simultaneously, Shiba Inu coin and Doge Killer (LEASH) prices today traded in the green, in tandem with a bullish market trend. SHIB price gained nearly 3% at press time and is sitting at $0.00001836. Its intraday low and high were $0.00001789 and $0.00001893, respectively. Further, LEASH price gained slightly over 3% at press time to trade at $289.84. Its intraday low and high were $276.80 and $291.69, respectively.
The dog-themed meme token has also been rising alongside a noteworthy surge in the SHIB burn rate, as reported by CoinGape Media recently. Notably, hundreds and millions of coins taken out of the token’s supply sparked considerable market optimism for the asset.
Recent Coinglass data indicated that Shiba Inu’s futures OI jumped 18%, reaching $56.52 million today. Further, even the derivatives volume rocketed nearly 46% to $175.04 million. This data has added to investor optimism on the asset, underscoring increased market interest.
Simultaneously, in another intriguing chronicle, the Shiba Inu coin lead developer cautioned against fake claims of billion-dollar wallet owners. Altogether, recent events highlight the meme coin’s community’s dedication to enhancing user appeal, further propelling market optimism on future crypto endeavors.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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