Shiba Inu coin (SHIB), the second largest crypto meme, has been trading under heavy pressure over the past 30 days. Its price has dropped by more than 20% in the same time. However, a recent Shiba Inu blog has spread joy among the community.
Shiba Inu partners with visualization studio for its metavers
On his blog, Shiba Inu mentions that SHIB: The Metaverse is poised to become the highlight of its history as a community. SHIB has partnered with THE THIRD FLOOR (TTF), a well-known visualization studio. This will help the token push its boundaries in terms of immersive environments.
However, the studio will provide guidance in order to represent SHIB as the SHIBarmy wants. The blog pointed out that Rocket in the crypto markets represents a confidence that the price of a token or asset will pull.
It then announces that Rocket Pond will give the impression of a hidden station in the SHIB: The Metaverse. This is expected to drive up the prices of Shiba Inu pieces.
Meanwhile, the price of Shiba Inu has dropped about 6% in the past 24 hours. SHIB is trading at an average price of $0.000012, as of press time. Shiba Inu’s 24-hour trading volume is also down 5% to $476.87 million.
ETH whales lose Shiba?
The Shiba Inu coin is still the second largest meme coin with a market capitalization of over $6.75 billion. However, the cumulative market capitalization of global crypto tokens dropped 5% to $15.24 billion.
At the same time, Ethereum’s largest whales also sold their shares of the Shiba Inu coin amid the crypto-currency crisis. The largest ETH wallets now hold about $145.5 million in SHIB tokens. This represents about 5.13% of their total holdings.
Earlier, SHIB announced that Brandie Konopasek has joined its team to boost and improve the Metaverse. She mentioned that she has over 15 years of experience in production, post technology and color science.