Shiba Inu TREAT Token Live: Know News Till Now

Shiba Inu TREAT Token Live: Future Developments

Shiba Inu TREAT Token Live: Burn Rate Impacted

The Shiba Inu TREAT token launch involved giving the participants a minimum of 1250 tokens. This is equivalent to $12.50, at the initial listing price of $0.01.

After going live, the TREAT token price increased to $0.035 on KuCoin, while $0.15 on the Bitget exchange. TREAT has a total token supply of 10 billion tokens and the daily trading volumes amount to around $15.7 million.

Shiba Inu Signals Future Developments

After the TREAT launch, Shytoshi Kusama, the head of the Shiba Inu ecosystem, posted on X (formerly Twitter). Kusama said that though the launch was not easy, it marks the beginning of a new era for the Shiba Inu ecosystem. He also hinted at further plans for future rewards that will be in connection with the TREAT token.

Lucie, the marketing lead for the Shiba Inu ecosystem, also added to the sentiment. She stated that this is only the beginning of the potential of TREAT. The team spoke of more surprises and developments that lay ahead regarding TREAT and that will be unveiled in the next few weeks.

Lucie posted on X, “TREAT holds magic that others don’t. It’s a slow release, but there are many surprises on the way.”

Shiba Inu Burn Rate Increases after TREAT Launch

The burn rate of Shiba Inu has risen significantly after the TREAT launch. Within the last 24 hours, more than 21 million SHIB tokens have been burnt, marking a rise of 2,229% compared to the previous levels. The burn has decreased the total supply of SHIB tokens, which may raise its scarcity too.

This spike in the burn rate is coinciding with a rise in open interest for SHIB, with $405 million worth of derivatives contracts being opened. The high trading volumes for SHIB derivatives, especially on Gate.io, are considered a bullish signal for SHIB despite the fact that the token even declined 75.74% from its ATH (all-time high).