The Shiba Inu team has generated significant buzz within the community by announcing an exclusive airdrop for users of Shibarium, a Layer 2 solution built on the Shiba Inu blockchain. This exciting development has sparked enthusiasm among users, who are eager to learn more about the forthcoming rewards.

Who Can Participate in the Airdrop?

Lucie, the marketing lead for Shiba Inu, shared the details of the airdrop on social media platform X. According to Lucie, users can earn points by bridging to Shibarium, using Shibarium, and holding specific tokens like LEASH and KNINE. The amount of free tokens distributed will depend on the user's holdings and activities. Buzz, the founder of K9 Finance DAO, a project operating on Shibarium, emphasized the reliability and integrity of the airdrop, stating that it will be a "retroactive" airdrop, rewarding users for their past actions.

How to Earn Points

Buzz provided further clarity on the structure of the airdrop, indicating that points can be earned through various activities such as holding tokens for a certain period, bridging to Shibarium, testing K9 on testnet, staking KNINE, and using decentralized applications (dApps) on Shibarium. The airdrop is designed to foster early adoption and encourage sustained participation within the Shibarium ecosystem.

Important Reminder

Buzz cautioned the community to wait for official announcements regarding the airdrop's activation, as it is not yet live. The airdrop is scheduled for Q4 and the K9 Finance team is actively gathering data on wallets that will qualify.

Impact on the Crypto Market

The announcement has generated significant excitement within the crypto community, leading to a notable surge in the price of SHIB. Within the past 24 hours, SHIB has experienced an 8% gain, ranking it as the second-largest price increase among the top 100 cryptocurrencies by market capitalization, trailing only behind Celestia (TIA). As of the latest data, SHIB is trading at $0.00002757.