SHIB had created its seventh consecutive weekly red candle as the price declined despite cryptocurrency exchanges’ continued token burning and adoption. But that’s a thing in the past now. The most popular meme currency is currently trending in the crypto market. At press time, SHIB witnessed a 5% surge as it traded at the $0.00001 mark. So what really triggered…

The SHIB in a 6 June blog initiated some adjustments to the reward distribution using the LEASH LOCKER feature in the SHIB – The Metaverse platform program. Users who locked their LEASH at the early stage of the program received their rewards after 90 days (as soon as 2 July).

<p lang=«und» dir=«ltr» xml:lang=«und»>https://t.co/dJsaPJAv5K

— SHIB: The Metaverse (@ShibTheMV) June 6, 2022

Depending on the Total Leash and Total Time locked, reward distribution will be proportional to what you lock. All rewards are sent in $BONE. In order not to keep LEASH LOCK users waiting for a total sell-off of land before receiving rewards, the Shiba Inu team says it is constructing a new contract. This would pursue the distribution of 3% BONE to those who participated in locking their LEASH during the first early access events.

Well, given the reward system, demand saw a hike as well.

According to recent statistics shared by Shibainuart, currently, 5,500 plots of land have been sold out of 19,400 plots that were made available for sale.

<p lang=«en» dir=«ltr» xml:lang=«en»>Current #Shib The Metaverse Stats:

19.4K Items 5.5K Owners 0.19 $ETH Floor price 314 $ETH Total Volume

— MILKSHAKE (@shibainuart) June 1, 2022

Shiba Inu has added thousands of holders within days as this metric count reflected growth. According to WhaleStats, the total number of SHIB holders stood at 1,175,890.