It has also unveiled several initiatives to drive SHIB’s adoption, including announcing a $15,000 Bitcoin reward for the trading of meme-based cryptocurrencies like Shiba Inu.

Meanwhile, the upcoming staking initiative did not positively impact Shiba Inu’s price action. At press time, the token is trading at $0.00002523, down 1.14% over the last 24 hours and 12.92% in the past week.

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