Binance US references Shiba Inu to celebrate National Puppy Day

Updated: 24 March 2023

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Shiba Inu, the second largest meme coin with a market capitalization of around $6.82 billion, is seeing increased social activity. The increased interest in the Shiba Inu network has coincided with the 2023 National Puppy Day.

Binance US references Shiba Inu on National Puppy Day

The National Puppy Day was celebrated on March 23. Binance US marked this day by celebrating the second-largest canine-themed digital asset. The official Twitter handle for Binance US posted a few images of puppies of the Binance US team to celebrate the day.

Binance US later published another tweet that posted an image of a puppy named Masha. The puppy was dressed in jeans with several crypto-focused brands embedded in the clothing. One of the displayed logos was for the Shiba Inu meme coin.

In addition to being an impeccable dresser, we've also been told Masha is a cryptopunk. pic.twitter.com/iRvyOAqHw1

— Binance.US 🇺🇸 (@BinanceUS) March 23, 2023

National Puppy Day is an annual event marked in the United States. The day is used to celebrate dogs and encourages people to adopt dogs as pets from animal shelters. The National Puppy Day happens on March 23 every year since 2006, when it was created by Colleen Paige.

This day is celebrated differently in the crypto community, as it is used to celebrate canine-themed cryptocurrencies. Canine-themed coins started with Dogecoin, after which other tokens such as Shiba Inu and Floki Inu entered the market. Meme coins started as a joke in their early years, but they have since grown to become among the top projects in the market.

Dogecoin is the largest meme coin. It ranks as the ninth largest cryptocurrency with over $10 billion market capitalization. DOGE is followed by SHIB, the 15^th largest cryptocurrency with a market capitalization of over $6 billion.

Shiba Inu sees increased social activity

The celebration of National Puppy Day and the recognition of Shiba Inu by Binance coincided with an increased social buzz around the meme coin. Shiba Inu has been garnering much interest because of the highly-anticipated Shibarium network.

We are noticing soaring #shibainu social activity today. $SHIB social contributors measured daily hit 47.88K, the highest point in the last 90 days.

Price change (1wk) after 10+ previous similar insights was +12.4%! Worth trading?#TradetheTalk💬 – https://t.co/oYP5IS4Ofa pic.twitter.com/48rO62aU4x

— LunarCrush (@LunarCrush) March 21, 2023

An admin of the SHIBARIUM TECH Telegram group known as “Someone Smart (maybe)” posted a message saying that the official Shibarium documentation was ready. However, the admin said they were yet to release this documentation because they reviewed the fine details with the network’s lead developer, Kaal Dhairya.

“Docs are completed and the reason of slight delay is it is being checked with Kaal to mark sure everything is fine. Also, we will release more things than docs if possible,” the admin said.

Developers had initially said they would release these official documents one week after the beta version of Shibarium was launched. The Shibarium beta version launched on March 11. Kaal also posted a Twitter thread about when these docs would be released.

The launch of Shibarium has not been without criticism. In recent weeks, the project has been under scrutiny due to allegations that the code was copied from another project known as Rinia. The Rinia developer has since debunked the claim that the code was open-source and free.

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