The growth is supported by positive news and the general recovery of the crypto market.

Shiba Inu is set to host the largest token burn in the coming weeks. Shiba Inu founder Ryoshi explained that the incineration would prepare the network for a major project. In particular, the token team is working on the creation of the Shiba Inu metaverse called Oshiverse, writes cryptocurrency.tech.

The creation of the metaverse will increase the number of use cases for Shiba Inu, which will help the SHIB price resume growth.

The Shiba team announced the release of the Shiba Card, an anonymous virtual bank card, writes block-chain24. The card can be used as a legal payment method for all online transactions and purchases.

Shiba Inu will be available for spot trading on the Bybit crypto exchange from the beginning of this week. Last week, the token was listed on the largest cryptocurrency exchange in Brazil, Mercado Bitcoin. SHIB is now listed on the 10 largest cryptocurrency exchanges in the world.

The crypto whale added 99 billion SHIB worth $ 3.8 million to its portfolio on Tuesday, newscryptocoin writes, according to Whalestat. As you know, large token holders use drawdown periods to increase their assets.

Despite the correction, the Shiba Inu (SHIB) post has accounted for 2,600,000% over the past year. Just $ 40 invested in the token a year ago would make an investor a dollar millionaire today.