About 180 million are reading about meme coin #SHIB or Shiba Inu while discussions are hot in Chinese social media since Friday, Forkast reports. Daily trading volume of the coin at Gate.io exchange has risen by half a billion dollars following the craze.
#SHIB has been termed as the new Doge killer project with the Chinese said not to get enough of the meme coin.
#SHIB potential investors vented their frustrations over exchange registration backlogs as know your customer requirements prevented them from investing in the coin.
Elsewhere, Indonesia is recommending a crypto tax as the country records a sharp increase in investors in digital assets.
3D Avatar app Zepeto, a major tech conglomerate in Korea that came up with Line messaging app, is joining hands with The Sandbox to launch NFTs.
Shiba Inu meme coin is currently declining. SHIBUSD is down 15.71%
