Altcoin
Shiba Inu Lead Spotlights SHIFU Coin Launch: Here’s All
Shiba Inu lead developer Shytoshi Kusama captured noteworthy market attention on Wednesday, highlighting a new meme coin launch. Notably, the lead developer posted on the social media platform X, bringing attention to the new dog-themed coin SHIFU. This post in turn sparked noteworthy intrigue surrounding the upcoming meme coin, which is also backed by developers behind SHIB.
Shiba Inu Lead Highlights New Meme Coin Launch
In a recent X post dated December 4, Shytoshi Kusama stated, “LFG,” pointing to the SHIFU coin. Further, the Shiba Inu lead goes on to say, “Did someone say Airdrop?” setting off market curiosity across the broader industry.
In his X post, Kusama reiterates a post by top market enthusiast Lark Davis that spotlights the vitalities of the new meme coin. Davis states that SHIFU, the master of all, is a legit meme coin reportedly by the second largest meme crypto by market cap, Shiba Inu.
Further, the crypto enthusiast revealed that “there will be an insane airdrop to holders of SHIB, BUBBLE, LEASH, and the IO NFT. Also, the snapshot process remains primed to commence shortly ahead, per Davis. Overall, while Davis’ post gained significant traction across the market, Kusama’s post added further credibility to the upcoming meme coin project. Trades and investors keenly await further SHIFU coin news in the wake of its recent emergence as the talk of the market.
Simultaneously, broader sentiments over the new meme coin’s future movements also remain optimistic, given its burgeoning popularity in recent days and Kusama spotlighting the token. On the other hand, it’s also worth mentioning that SHIB continues to mark a monumental stride amid this bull cycle.
How Is SHIB Performing?
The Shiba Inu coin mirrors a bullish trajectory alongside a meme coin sector bull run this Q4. At press time, SHIB price gained nearly 3% intraday to reach $0.00003037. Its 24-hour low and high were $0.00002714 and $0.00003068, respectively. Notably, weekly and monthly price charts for the token showcased gains worth 22% and 80%, respectively. This rising movement comes against the backdrop of constant SHIB burns reported by CoinGape previously.
Further, with SHIB whales amplifying their holdings, market sentiments have tilted further toward the bullish side. Meanwhile, with Shytoshi Kusama spotlighting the SHIFU coin launch, market participants remain curious about future events.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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