|

What to expect from Shiba Inu after Shytoshi raises prize pool for monthly Shiba Eternity tournament?

  • Shiba Inu lead developer Shytoshi Kusama raised the prize pool for the monthly Shiba Eternity tournament on March 5. 
  • The team behind Dogpad Finance, the official launchpad ecosystem for Shibarium, volunteered to sponsor the tournament and Kusama accepted the offer. 
  • SHIB price yielded nearly 10% losses for holders since February 26. 

Shiba Inu’s lead developer Shytoshi Kusama recently announced an increase in the prize pool for the monthly Shiba Eternity tournament. Kusama increased the frequency of the tournaments to twice a month, fueling a bullish sentiment among SHIB ecosystem participants. 

Also read: Bitcoin vs. Ethereum, race for NFT dominance with Bored Ape-parent Yuga Labs TwelveFold auction

Shiba Inu holders gear up for Shiba Eternity tournament

Shiba Inu ecosystem holds a monthly tournament for Shiba Eternity; Kusama recently announced an increase in the rewards to $500 for first place and $250 for second and third place. 

Kusama found a sponsor for the prize pool, Dogpad Finance, the official launchpad ecosystem for Shibarium, sponsored the rewards. The tournament’s frequency will be increased to twice a month, offering players an opportunity to reap the benefits of the rewards. 

Shiba Inu price has nosedived nearly 10% since February 26. The SHIB community is awaiting the launch of the layer-2 scaling solution Shibarium. The launch of the scaling solution is expected to catalyze a recovery in the Dogecoin-killer meme coin. 

Kusama recently called public attention to a MetaMask feature aimed at improving the gaming experience for players. This move fueled the speculation that the lead developer might consider integrating Shiba Eternity with MetaMask.

The Dogecoin-killer meme coin is in a downtrend starting on February 26. SHIB price nosedived from $0.00001219 to $0.00001113 in response to the Silvergate FUD. 

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.

Traders split over whether lighter’s LIT clears $3 billion FDV after launch

Lighter’s LIT token has not yet begun open trading, but the market has already drawn a sharp line around its valuation after Tuesday's airdrop.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.