Shiba Inu’s ShibaCon Postponed: Details and Refunds Explained

Summary

Event Update

Shiba Inu was gearing up for a worldwide conference in Bangkok, Thailand, set for November 9. Dubbed ShibaCon, the event was intended to unite developers, supporters, and enthusiasts from across the globe to discuss the advancements in the project’s technology and potential ecosystem growth.

However, the team behind the meme coin recently announced a postponement of the event “to ensure an even more thrilling experience” for its participants.

“We look forward to uniting Web3 pioneers, developers and the ShibArmy at the newly imagined ShibaCon,” the statement reveals.

The team reassured all ticket holders that they will receive an email along with a full refund. Additionally, they will be granted complimentary VIP tickets once the new venue and dates are announced.

The announcement has elicited mixed reactions from users, with some suggesting that the initial interest in the conference was low, possibly leading to the postponement. Others, however, felt fortunate to receive complimentary prime tickets for the future event.

SHIB’s Price Surge

The delay of the conference (which was reported earlier this week) has not adversely affected the meme coin’s valuation. In fact, SHIB has experienced a remarkable increase over the past month, with its price climbing more than 40%. It is currently trading at about $0.00001867 (according to CoinGecko) and boasts a market cap of approximately $11 billion.

For those interested in understanding the factors that may have contributed to Shiba Inu’s recent surge, a detailed article is available here.

This resurgence has benefited many holders of the meme coin. According to IntoTheBlock, roughly 53% of investors are currently experiencing some form of profit. About 43% are at a loss, while only 3% have broken even. This is a stark contrast to September last year, when nearly 90% of SHIB holders were in a losing position.

Most investors (almost 80%) became part of the ecosystem over a year ago. Nineteen percent entered within the past 12 months, while just 2% have joined in the last 30 days.