News

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

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

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.

Recent Posts

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

1 minute ago

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

21 minutes ago

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

37 minutes ago

Clanker Token Trading Volume Hits $59.8 Million High On November 21

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

1 hour ago

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

1 hour ago

New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot

Discover the success story of a New York tech entrepreneur who made $72M from a…

2 hours ago

This website uses cookies.