Shiba Inu achieves a milestone with his new gold Twitter check mark (now X), symbolizing his official business status.
Shiba Inu, the cryptocurrency token named after the popular Japanese dog breed, has recently achieved a significant milestone. The token’s Twitter (now X) account, followed by an impressive 3.7 million users, now sports a shiny new gold checkmark.
This mark symbolizes its official status as a business account under the X Verified Organization program. To gain this privilege, businesses must enroll in the Twitter Verified Organizations program, paying a $1,000 per month subscription fee.
Shiba Inu’s attainment of gold status excited supporters of the meme coin, as many ponder the potential implications this might bring for the crypto. Shiba Inu’s new verified status can be interpreted as a major indicator of recognition of the crypto’s growing influence.
X Verified Organizations Program
The X Verified Organizations program is part of the social media giant’s recent rebranding efforts, led by its owner, Elon Musk. The platform now features gold, gray, and blue checkmarks to differentiate between various types of verified accounts.
The golden check mark, now proudly worn by the Shiba Inu, denotes an official business account. The benefits of this program are numerous, including a check mark, a square avatar, access to Twitter Blue features, and the ability to add affiliate accounts.
Whales’ Moves
Despite the positive sentiments and upcoming developments, the SHIB price has not seen much of a rise lately. Since breaking the crucial support at 0.000008 early last month, the second-largest meme coin by market cap has been trading in consolidation. SHIB was trading at 0.000007868, up 1.06% in the last 24 hours and 1.48% in the last week.
Nonetheless, despite the current market conditions, experts in the field are optimistic about the potential impact of the Shibarium mainnet launch on SHIB and other tokens in the ecosystem, including BONE and LEASH.
The SHIB whales have been making moves leading up to the release of Shibarium. On Tuesday, various whales moved close to 50 billion SHIB between exchanges and wallets, with a single entity transferring almost just over 2.4 trillion SHIB (valued at 18 million) in a single transaction recently.
Although these types of transfers often cause anxiety among market participants due to the possibility of a sell-off, SHIB has remained fairly stable, signaling that they are accumulating more or simply holding, according to popular cryptocurrency analyst Austin Hilton.
Impact on the Shiba Inu Community
Shiba Inu’s achievement of the golden check mark has generated considerable excitement among his followers. Many are speculating about the possible implications this could have for the cryptocurrency.
Despite recent controversial changes on Twitter, the Shiba Inu’s new verified status serves as a positive sign of recognition for the growing influence of cryptocurrency.
However, it is important to note that the transition from Twitter to ‘X’ has not been entirely smooth. Elon Musk’s decision to change the product name from Twitter to X, and to drop the bird logo and associated terms like “tweet,” reportedly wiped out between $4 billion and $20 billion in value.
Nowadays, the newly rebranded platform faces the daunting task of having to rebuild its cultural influence and linguistic consensus from scratch.
Despite the challenges, the Shiba Inu’s new verified status on X is a testament to the growing influence and recognition of cryptocurrency. It is an exciting development that has the potential to bring new opportunities and advancements for the Shiba Inu and its community.
By Audy Castaneda
