Shiba Inu Price Drops: Can SHIB Regain Bullish Momentum?

Shiba Inu Unveils Christmas Giveaway Plans

The Shiba Inu ecosystem team plans a special Christmas giveaway for its community. Lucie, the project’s marketing lead, revealed the news yesterday, confirming that the team has approved a budget for an “incredible Christmas giveaway.”

Dubbed the “Amazing Christmas Bone December,” the event promises significant rewards for participants. Lucie hinted that prizes may include Bone ShibaSwap (BONE), Shibarium’s official gas token, or other related incentives. Although the giveaway hasn’t officially launched yet, the team encourages community members to stay updated.

Key Accounts to Follow

Lucie urged followers to track updates from Shiba Inu developers Shytoshi Kusama and Kaal Dhairya on X. She also recommended following two Shiba Inu-related projects: TREAT and Shibarium Updates. According to Lucie, staying connected is crucial as the event will be “HUGE.”

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The announcement sparked excitement among community members. However, some questioned why BONE, rather than SHIB, is the focus of the giveaway. Neither Lucie nor other team members have addressed this yet. The decision may aim to boost BONE’s visibility and adoption during the festive season.

https://twitter.com/LucieSHIB/status/1862219438436516279

BONE’s Market Performance

Currently, BONE trades at $0.5378, reflecting a 1.99% daily decline. Despite this, BONE remains up 3.78% over the last seven days and has gained 35.67% over the past month. The planned giveaway could further enhance its market presence.

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This Christmas giveaway follows similar initiatives from previous years. Last year’s “Shibarium Giveaway Party” featured collaborations with partners like Bad Idea AI and Welly. The event concluded with the distribution of ten branded blockchain wallets to participants.

In addition to holiday giveaways, the team hosted several promotional events in 2024. These include a $2,000 contest for Shibarium users, an airdrop of 500,000 PHIL tokens for SHIB holders, and a raffle offering 300 Shibacals store credits.

https://twitter.com/acinemaboy/status/1853516056528036321?t=NN_MYrtlrnQkyfraeKAeXg&s=19

Shiba Inu’s Christmas event promises excitement and engagement for the community. With substantial rewards at stake, fans eagerly await further updates.

https://t.me/acinemaboy