Shiba Inu Team Issues Payment Challenge Amidst Meme Coin's Sixth Anniversary

The Shiba Inu team has launched a new challenge for its community to promote the token's global popularity. The campaign, which coincides with the meme coin's sixth anniversary on August 1, encourages users to use SHIB as a payment method in everyday transactions.

Emirates Airlines recently partnered with Crypto.com, allowing UAE residents to book flights using digital payments. The Shiba Inu team took note of this development and encouraged its community to try out the new service with SHIB.

Some users are enthusiastic about the idea, while others remain skeptical. One user, known as CryptoKing, expressed his reservations, stating that he would never use his SHIB for everyday transactions, fearing it could lead to a similar fate as Laszlo Hanyecs, who famously spent 10,000 BTC on two pizzas in 2010.

The Shiba Inu price has experienced a recent surge, increasing by 35% last weekend. However, the gains were largely erased due to bearish pressure. The current price of SHIB stands at around $0.000004702, with a 12% weekly increase. Santiment suggests that large holders took profits during the rally, while retail investors entered late and contributed to the token's decline.