- TREAT token trading launched on Bitget, KuCoin, and Gate.io with daily volumes reaching $15.7 million and an initial surge to $0.15.
- Shiba Inu’s burn rate skyrocketed by 2,229%, with over 21 million SHIB tokens burned in 24 hours post-TREAT launch.
- Ecosystem leaders teased future rewards and developments tied to TREAT, emphasizing a gradual rollout of its full potential.
The Shiba Inu ecosystem recently unveiled its reward token, TREAT, with trading officially going live on major exchanges. The launch has sparked excitement among the community, along with hints at upcoming developments and a notable surge in SHIB’s burn rate.
TREAT Token Launches: Trading Begins with High Volumes
The TREAT token debuted on Bitget, KuCoin, and Gate.io, with trading kicking off at 11:00 a.m. (UTC) on January 14th. The launch included an airdrop where eligible participants received 1,250 TREAT tokens worth $12.50 at the listing price of $0.01. TREAT’s price quickly surged, hitting $0.035 on KuCoin and an impressive $0.15 on Bitget, before stabilizing around $0.021. With a total supply of 10 billion tokens and a daily trading volume of $15.7 million, TREAT is gaining significant traction.
Shiba Inu Leaders Hint at TREAT’s Future Potential
Shytoshi Kusama, head of the Shiba Inu ecosystem, called the launch a pivotal moment and hinted at further rewards tied to TREAT in the near future. Similarly, marketing lead Lucie teased “many surprises” yet to come, emphasizing that the rollout of TREAT’s capabilities will unfold gradually to maintain long-term engagement.
SHIB Burn Rate Spikes by 2,229% Post-Launch
Following TREAT’s release, over 21 million SHIB tokens were burned in 24 hours, marking a 2,229% increase in the burn rate. This heightened burn activity aligns with a rise in SHIB derivatives trading, which reached $405 million in open interest. Despite SHIB being 75.74% below its all-time high, the rising burn rate and trading volumes suggest renewed interest and bullish sentiment in the ecosystem.
As TREAT’s launch paves the way for further ecosystem expansion, the Shiba Inu community eagerly awaits new developments and rewards that could redefine its position in the crypto market.
