Shiba Inu coin (SHIB), the second largest meme cryptocurrency is trading under heavy pressure over the past 30 days. Its price dropped by over 20% at the same time. However, a recent blog by Shiba Inu has spread joy among the community.
Shiba Inu coin joins hands with visualization studio
In the blog, Shiba Inu mentioned that SHIB: The Metaverse is set to become the culmination of its history as a community. SHIB went on to partner with THE THIRD FLOOR (TTF), a top visualization studio. This will help the meme token to push its limitations of immersive environments.
However, the studio will provide subtle directions in order to represent SHIB as the SHIBarmy wants. The blog highlighted that Rocket in the crypto markets represents a trust that the price of a token or asset will shoot.
It went on to announce that Rocket Pond will bring a feel of a hidden resort in the SHIB: The Metaverse. It is expected that this can pump the Shiba Inu coin Prices.
Meanwhile, Shiba Inu coin prices have dropped by around 6% over the past 24 hours. SHIB is trading at an average price of $ $0.000012, at the press time. Shiba Inu’s 24 hour trading volume is also down by 5% to stand at $476.87 million.
ETH whales’ losing Shiba?
Shiba Inu coin is still the second largest meme coin with a market cap of more than $6.75 billion. However, the global meme crypto tokens’ cumulative market cap has dropped by 5% to stand at $15.24 billion.
In the meantime, the biggest of the Ethereum whales have also gone on to sell their Shiba Inu coin holding amid the crypto downturn. The largest ETH wallets now hold around $145.5 million worth of SHIB tokens. This makes up around 5.13% of their total holdings.
Earlier, SHIB announced that Brandie Konopasek joined their team to boost and enhance the Metaverse. It mentioned that she holds more than 15 years of vast experience spanning production, post technology, and color science.