Shiba Inu (SHIB) Postpones Global Conference (ShibaCon) to "Secure an Even More Exciting Experience"

Shiba Inu was about to hold a global conference in Bangkok, Thailand, on November 9. The gathering, called ShibaCon, aimed to bring together

Shiba Inu Postpones Global Conference, Ticket Holders to Get VIP Access at Rescheduled Event

Shiba Inu (SHIB) was set to host a global conference in Bangkok, Thailand, on November 9. The event, dubbed "ShibaCon," aimed to gather developers, supporters, and enthusiasts from around the world to discuss the project's technological advancements and potential ecosystem developments.

However, the team behind the meme coin recently announced the postponement of the conference "to secure an even more exciting experience" for users.

"We can't wait to bring Web3 pioneers, developers and the ShibArmy at the next reimagined ShibaCon," the announcement reads.

The team assured that all ticket holders will receive an email and a full refund. They will also get VIP tickets for free when the new venue and dates get disclosed.

The announcement garnered mixed reactions from users, with some suggesting that interest in the conference was not particularly high, hence the postponement. Others, though, considered themselves fortunate to be getting the best tickets in the future gathering free of charge.

SHIB Price Rally

The postponed conference (disclosed earlier this week) did not negatively impact the valuation of the meme coin. In fact, SHIB has been rallying over the past month, with its price surging by over 40%. It currently trades at around $0.00001867 (per CoinGecko's data) with a market capitalization of approximately $11 billion.

Those interested in exploring some of the factors that have potentially fueled Shiba Inu's rally can refer to our detailed article here.

The resurgence has benefited numerous holders of the meme coin. According to IntoTheBlock, 53% of its total investors currently sit on some paper profits. 43% are underwater, whereas only 3% are breaking even. The situation looked much worse in September last year when almost 90% of all SHIB holders were in the red.

Most investors (nearly 80%) hopped on the bandwagon more than a year ago. 19% did so in the past 12 months, while a mere 2% joined the ecosystem in the last 30 days.

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