Shiba Inu Announces Launch of New Token ‘Treat’

Shiba Inu, the popular meme coin, has announced a major update to its ecosystem with the launch of a new token called Treat. This will be the fourth token in the SHIB ecosystem, following the announcement of BONE as the gas token for Shibarium.

The launch of Treat has generated excitement in the crypto community and reinforced SHIB’s popularity, as it has become one of the most watched assets on Binance alongside Bitcoin and Ethereum. However, despite this popularity, SHIB’s price action has not yet reflected this success, with a weekly decrease of 4% and a current value of $0.00000837 with a market capitalization of over $4.5 billion.

Overall, while the launch of Treat and SHIB’s popularity among whales are positive signs, it remains to be seen if the meme coin will achieve the desired price action. Investors should exercise caution and carefully consider all available information before making any investment decisions.