Shiba Inu News
The memecoin Shiba Inu (SHIB) has recently stood out through various initiatives and partnerships aimed at expanding its ecosystem and utility in the cryptocurrency market.
Partnership with the Government of Saudi Arabia
In February 2025, the Saudi Ministry of Energy and Infrastructure announced a strategic collaboration with Shiba Inu. The goal of this partnership is to implement Web3-based solutions to enhance public services and develop sustainable infrastructure in the country. Shiba Inu will contribute its operating system, ShibOS, integrating advanced technologies into Saudi government operations.
Launch of the New Meme Coin 'SHIFU'
In December 2024, the Shiba Inu ecosystem introduced a new cryptocurrency called Shifu (SHIFU). With a total supply of 100 billion tokens, SHIFU was launched on the Ethereum and Shibarium blockchains. The initial distribution included an airdrop for the community, allocating 30% of the total tokens, while other portions were designated for liquidity on exchanges, public presale, and marketing efforts.
On-Chain Indicators Suggest Potential Upside
On-chain data from September 2024 indicated a significant increase in activity around SHIB. There was a 75% growth in the number of active addresses within a 24-hour period, reflecting renewed interest from investors. Additionally, SHIB's social dominance reached 1.81%, the highest level in nearly six months, suggesting potential appreciation in the short term.
Current Performance of SHIB
Currently, Shiba Inu (SHIB) is trading at $0.00001432, with a variation of $0.00000 (0.04449%) compared to the previous close. The intraday high recorded was $0.00001448, while the low was $0.00001349.
These recent developments highlight Shiba Inu's ongoing effort to expand its presence and functionality in the cryptocurrency space, seeking to offer innovative solutions and strengthen its position in the global market.
