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Shiba Inu TREAT Rebounds by Massive 191% After Falling 53% from Launch Price
Shiba Inu TREAT Rebounds by Massive 191% After Falling 53% from Launch Price
January 21, 2025
Shiba Inu
The TREAT token from the Shiba Inu ecosystem has emerged among the top gainers in the crypto market after initially experiencing a devastating price slump post-launch. Data from the market tracking platform CoinMarketCap shows that TREAT has surged by 61% over the last day, trading at $0.008533 at press time. This comes despite a largely bearish market led by Bitcoin. Meanwhile, prominent centralized exchange KuCoin posted a tweet today ranking TREAT as the top gainer in the past 24 hours with a 111% surge. At the time of the update, Shiba Inu’s TREAT price was $0.0098. These figures suggest that the price of TREAT has more than doubled within the past day alone.
Shiba Inu TREAT top gainer on KuCoin
Shiba Inu TREAT Pumps by 191% After Crashing 53% Post-Launch
Notably, Shiba Inu’s TREAT became publicly available for trading on January 14 at the listing price of $0.01. However, in the following days, TREAT’s price consistently tanked until the token reached a historic low of $0.004641 on January 20. From the listing price of $0.01, this represents a massive drop of 53.59%. TREAT has since rebounded sharply from this all-time low to reach an all-time high of $0.0135. This occurred yesterday, coinciding with Bitcoin also reaching a new all-time high for 2025. For context, TREAT’s surge represents a 191% comeback within the same day it hit its all-time low. This dramatic turnaround has attracted attention in the crypto community, especially among Shiba Inu enthusiasts. “Congrats to TREAT,” said a SHIB community member, noting that the BONE token could be next for a similarly impressive surge. However, TREAT is quickly losing its regained ground amid Bitcoin’s instability. Its value hovering around $0.008533 at press time reflects a 35.1% loss from the recent peak. This coincides with Bitcoin’s 7.18% dip from its new all-time high of $109K.
TREAT market data from CMC
TREAT in the Shiba Inu Ecosystem
For the uninitiated, the TREAT token within the Shiba Inu ecosystem serves multiple purposes. Specifically, it will provide liquidity to the upcoming SHI stablecoin, potentially replace the BONE token as a reward on the ShibaSwap DEX, and offer rewards for “SHIB: The Metaverse” and Shiba Eternity. Additionally, TREAT will be used in the ecosystem’s collaboration with Zama, which integrates encryption solutions to enhance privacy across transactions and data management.
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