The Shiba Inu frenzy continues unabated. A Shiba Inu dog named Deng Deng was sold at auction for 160,000 Yuan ($25,000) in China, which is spoken about with its bans on Bitcoin and cryptocurrencies.
The owner of the Shiba Inu dog, which was left to the animal training shelter by its owner 7 years ago, has not returned.
Since then, the dog has been living in the training center and the training center has sued the owner of the dog, as the costs have increased and no one has taken care of it.
The Beijing court decided to put the 8-year-old Shiba Inu dog up for sale because the owner could not be reached.
The auction, which was planned to last for 24 hours, was extended for another five hours when it attracted a lot of attention.
The offer for the dog Deng Deng, which started at $78, reached 320 times after 29 hours of auction.
The increasing meme coin flow in cryptocurrencies is also reflected in auctions. The dog, which became popular in a short time, received 480 bids and more than 160 thousand views at the auction.
*Not Investment Advice.