• Shiba Inu’s price has rebounded 7% in two weeks.
• There has been an upsurge in newly registered wallets reaching 4K a day.
• Designer Sveinn Valdimarsson opposes SHIB logo use and contemplates legal action.
Shiba Inu Price Rebounds
Shiba Inu’s price has rebounded 7% in the last two weeks, according to CoinGecko. On June 27th, new Shiba Inu wallet addresses on Ethereum (ETH) surpassed 4,000 daily, marking the highest point of Q2. Trading in linear consolidation for the past 24 hours, $SHIB fetched slight 1.2% gains in weekly terms.
Designer Sveinn Valdimarsson Opposes Logo Use
Designer Sveinn Valdimarsson, creator of the original Shiba Inu logo used in all of the products of the SHIB Ecosystem is contemplating legal action against SHIB Token as they are using his logo commercially without his permission or agreement. He claims he had no intention of letting the orange cartoon dog be used for business purposes and that he only allowed a vegan restaurant in Chiang Rai to use it when another fast food restaurant attempted to make a deal with him but split ways after failing to reach an agreement – they carried on using the SHIB logo despite his legal claims.
Quarterly Report By Blockchain Analytics Enterprise
A quarterly report by blockchain analytics enterprise IntoTheBlock points to a bullish trend in this on-chain metric since May 22nd, 2023 – daily new addresses reached over 4k on June 27th which is 357% from its 877 quarterly low on May 21st.
Collaboration With Tangem Hardware Manufacturer
The newest collaboration with Tangem hardware wallet manufacturer makes $77 per unit while Shibacals physical merchandise studio puts the Shiba Inu mascot on Champion hoodies.. However, it’s unknown if this commercial use of this logotype can be restricted as it is trademarked in Indonesia and Spain.
SHIB Token Insists Logo Use Is Legal
SHIB Token insists their logo use is legal and within their rights, but Mr Valdimarsson continues to oppose it and intends to take further steps if necessary protect his design from any unauthorized uses or adaptations .