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Did SHIB Army Turkey Convince the Economic Minister to Adopt the Token? -Breaking

by Mike Robinson

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SHIB Army Turkey Persuaded the Economic Minister To Adopt the Token
  • SHIB Army Turkey met with the country’s Economic Minister to discuss a possible crypto adoption.
  • The meeting came after Turkey’s fiat lira strongly depreciated and after SHIB passed FTT as the second-largest holding by whales.
  • SHIB has been a hub for Ethereum whales, who have been busy loading up on SHIB to help grow their supply.

SHIB Army members met the Turkish Economic Minister in Istanbul to discuss the possibility of the Turkish meme coin being adopted.

To what the holders could consider as a big win, the community had a face-to-face meeting with Economic Minister Mustafa Elitaş to explore how the meme coin can be integrated into Turkey’s financial systems.

Adding to the cheers was a tweet from Shiba Inu’s main developer, Shytoshi Kusama, who shared this “fantastic news” to his more than 750 thousand Twitter (NYSE:) followers.

The Turkish SHIB Army, as well as the Office of the Minister of Economy didn’t reveal any further information about the incident. One source reported that a potential reason for this meetup could be the meme coin’s popularity among Turkish citizens.

Notably, the meeting was held at a moment when Turkish fiat money fell sharply. This constant loss in value caused trading activity in SHIB (USDT), and BTC to be five times greater than in BTC.

Turkish traders remain attracted by the huge potential gains from cryptos like SHIB, despite the volatility in the lira.

Aside from the fiat’s depreciation, the meeting also came after SHIB passed FTX, FTX’s native token, as Ethereum Whales’ second-largest holding.

Some sources claimed that Ethereum whales had been using SHIB to load up as there have been several initiatives to reduce the supply of tokens. Steven Cooper, CEO of Bigger Entertainment, pledged earlier this month to help the community burn 10%.

At press time, SHIB’s price ($0.000022) has dipped to 1.88% over the last day, with a 24-hour trading volume of over $709 million.

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