Shiba Inu’s TREAT token has made waves in the cryptocurrency market, experiencing an impressive 61% surge within the last 24 hours, according to CoinMarketCap data. Trading at $0.008533 at press time, TREAT’s price movement has occurred despite the broader market facing bearish conditions, particularly with Bitcoin’s fluctuations.
Notably, KuCoin, one of the leading centralized exchanges, recognized TREAT as the top gainer of the day, with a remarkable 111% increase. At its peak, TREAT reached $0.0098, signaling a massive surge that has caught the attention of crypto enthusiasts.
🚀 24H Top 5 Gainers on #KuCoin (January 21, 2025)
— KuCoin (@kucoincom) January 21, 2025
1. $TREAT (@treatsforShib) – $0.0098 (111%)
2. $OBT (@Orbiter_Finance) – $0.00963 (+90%)
3. $SWARMS (@swarms_corp) – $0.1487 (+57%)
4. $SOLVE (@tuum_io) – $0.00439 (+40%)
5. $TRISIG (@tri_sigma_) – $0.0204 (+40%)
TREAT’s Volatility: From Crash to Comeback
TREAT’s journey since its January 14 launch has been nothing short of volatile. Initially listed at $0.01, the token saw a significant drop, hitting an all-time low of $0.004641 on January 20—a staggering 53.59% decline from its launch price. However, TREAT experienced a swift recovery, surging by 191% to reach an all-time high of $0.0135 just a day later, coinciding with Bitcoin’s own milestone achievement for 2025.
This dramatic rebound has fueled excitement within the Shiba Inu community, with some speculating that other tokens, like BONE, could see similar surges. Despite this momentum, TREAT has started to lose some of its gains, trading at $0.008533—reflecting a 35.1% decrease from its peak. This drop aligns with Bitcoin’s 7.18% dip from its new all-time high of $109K.
TREAT’s Role in the Shiba Inu Ecosystem
TREAT plays a crucial role within the Shiba Inu ecosystem, aiming to provide liquidity for the upcoming SHI stablecoin. It may also replace BONE as a reward token on the ShibaSwap decentralized exchange. In addition, TREAT will offer rewards for Shiba Inu’s metaverse project and its popular Shiba Eternity game. Furthermore, TREAT is expected to contribute to the ecosystem’s collaboration with Zama, focusing on encryption solutions to enhance transaction privacy and data management.
As the Shiba Inu ecosystem continues to evolve, TREAT’s performance will likely remain a key focal point for both investors and the broader crypto community.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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