Shiba Inu Says It Has Only One Mission: Here’s What It Is

The official X handle of the Shiba Inu ecosystem has revealed the only mission of the canine-themed cryptocurrency project. Notably, this came yesterday in reaction to a tweet from a community figure, Etherscan_Shib. The community figure asserted that the Shiba Inu ecosystem is stronger than ever, as evidenced by the growing number of holders for SHIB, BONE, and LEASH. Referencing on-chain data, the user claimed there are now over 1.5 million SHIB holders, more than 95,000 BONE holders, and over 30,000 LEASH holders. Despite these multiple tokens, Etherscan_Shib noted that these holders are part of one community–Shiba Inu.  Shiba Inu Only Mission  Reacting to the post, the Shiba Inu ecosystem team highlighted its sole mission: domination. Shiba Inu aims to dominate the market, positioning itself among other major cryptocurrencies, such as Bitcoin and Ethereum. Notably, the Shiba Inu ecosystem team aims to achieve this goal by driving trading volumes into the billions and growing the ShibArmy to several million. The project believes that by accomplishing these feats, it could become a dominant force in the crypto market.  https://twitter.com/Shibtoken/status/1927735124520518022 Shiba Inu’s Community and Volume Spotlight For context, Shiba Inu has a strong community that has contributed immensely to the widespread adoption of its ecosystem tokens. It currently has approximately 3.93 million followers on X.  Many consider this feat commendable, particularly for a cryptocurrency project like Shiba Inu, which initially began as a meme. Since its launch, it has become a dominant force, reaching a $40 billion valuation during its peak. This achievement demonstrates Shiba Inu’s unexpected influence and resilience in the broader crypto market.  In the meantime, the combined trading volume of Shiba Inu’s ecosystem tokens — SHIB, LEASH, TREAT, and BONE — has fallen below $1 billion over the past day. Data from CoinMarketCap shows a combined volume of around $250 million. It is worth noting that Shiba Inu’s trading volume had previously surged above $1 billion.  Earlier this month, community member Shib Bezos revealed that the trading volume of SHIB alone spiked to $48 billion within 10 days.  Although SHIB’s volume has dropped to around $220 million, the team aspires to push it and that of other ecosystem tokens to billions of dollars.  Kusama Aims to Take SHIB to Top 5 This goal aligns with a similar vision shared by Shiba Inu’s lead developer, Shytoshi Kusama, last year. At the time, Kusama revealed plans to ensure SHIB ranks among the top 5 cryptos in the market by 2029. Notably, SHIB is currently in position 16 and has been in the top 10 before. Kusama suggested reaching the top 5 would be accomplished by giving SHIB utility and stripping it of its meme coin tag. Interestingly, the team has made significant efforts toward transitioning SHIB from a meme coin to a utility project. It has introduced several projects into its ecosystem, ranging from a decentralized exchange and games to its L2 scaling solution, Shibarium.