Let's talk about shiba inu, it's been a hot minute since we talked about the doge coin killer and i just saw some interesting news and i want to quickly share it with you. So, for posterity's sake, just as i'm filming this shebe is at .0002, but we do have some interesting news trading volume, spikes 317 as shiba inu whales increase activity, and this could be for good reason. Shiba inu has a new use case buying land in sheep. The metaverse brought to you by sheep.

The matters mean coin shibu inu can officially be used to purchase land in the sheba metaverse using the native sheba token, as the development team continues to provide utility for holders. So this is kind of interesting, especially now kind of coming into the well think about the recent news. With eight coin, apecoin was the de facto currency for the metaverse sale in the bordeaux, biatclab yuga labs like that whole metaverse, the other side. There was a lot of excitement all the way up into it, and then it would ended up being by the rumor, sell the news and right now apecoin is down, but it might go that way now that she will be the currency for this ecosystem.

If there's a lot of popularity in this metaverse, we might be seeing a spike in sheep's price just because if people want that land they're going to have to get she to buy it, thus there's more buying pressure on the way up, so just want to quickly Call that out could be some excitement and on top of it there are some other things going on, although an increase in holders. So recently we now have 1.15, we'll say: 1.1 really million sheepholders and that's going up. So just more people might be getting excited about this and obviously, when it comes to sheep, a big thing is burning. According to reports, more than 25 billion sheep tokens have been burned in the first week of the shib burn portals operation by moving sheep token into a burnt edges, users can permanently remove them from circulating supply, literally just pushing the supply down and supply and demand.

If the supply goes down, demand stays the same or increases price goes up, so we're in a scenario where the shea burn portal is getting a little bit more active. They burn 25. So if that number continues to go up, but then, if you're, seeing a demand, an increase in demand, if people want to get land in this metaverse that might be leading to a spike in the price, the one thing i would want to say about this all Is yes, we know it is possible, like here's a what happened with apecoin like see this huge spike. Obviously it can buck the trend of the overall market, but it has to be something with quite a bit of notoriety for it to like go against the whole crypto trend right now, which is unfortunately in the downside.

So that's something i would be paying attention to with sheba and the sheep community is how popular will the metaverse sale be something just to pay attention to, because it might lead to some exciting volatility and maybe an interesting opportunity.