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Shiba Inu: Turkey’s Economy Minister Is Supposedly Meeting With $SHIB Army Member

Mustafa Elitas, Turkey’s Minister of Economy and Deputy Chairman of the AK Party Group, is said to have met with members of the Turkish Shiba Inu ($SHIB) community to discuss the country’s adoption of the meme-inspired cryptocurrency.

Turkey’s Economy Minister Is Supposedly Meeting With $SHIB Army Member

Turkey’s Minister of Economy had a face-to-face encounter with a Turkish member of the community, according to a tweet shared by the country’s SHIB group, which was afterwards hailed by Shiba Inu main developer Shytoshi Kusama.

The meeting took place immediately after the meme-inspired cryptocurrency eclipsed the FTX exchange’s native cryptocurrency, $FTT, as the second-biggest holding in the largest Ethereum whales’ portfolios, trailing only $ETH.

Ethereum whales have been stocking up on Shiba Inu

As plans to destroy the meme-inspired cryptocurrency’s supply through multiple initiatives have grown.

Turkey’s Economy Minister Is Supposedly Meeting With $SHIB Army Member

In a tweet, Steven Cooper, CEO of bitcoin entertainment company Bigger Entertainment, emphasized that the company is trying to help the meme-inspired cryptocurrency’s community by destroying 10% of its supply. Only 59 percent of Shiba Inu’s initial supply was left in circulation at the time of writing, with over 410 trillion SHIB burned since the cryptocurrency’s debut.

Turkey’s SHIB adoption has increased over time as the lira, the country’s fiat currency, has declined in value. The currency has lost about half of its value against the US dollar in the last 12 months, and has lost over 75% of its value in the last five years.

Turkey’s Economy Minister Is Supposedly Meeting With $SHIB Army Member

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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