Shytoshi Kusama, lead developer of Shiba Inu, shared the launch of a new meme coin, SHIFU, on social media platform X. This post sparked curiosity about the new dog-themed coin backed by the developers behind SHIB.
New Meme Coin Launch
Kusama drew attention to the SHIFU coin with the phrase “LFG” in her X post dated December 4. Also, “Did they say airdrop?” He aroused curiosity in the market by asking a question like this.
Supporting Lark Davis’s post highlighting the importance of SHIFU, Kusama stated that SHIFU is supported by Shiba Inu, the second largest breast cryptocurrency.
“SHIFU is a legitimate meme coin backed by the second largest meme coin.”
Davis announced that there will be a “crazy airdrop” to SHIB, BUBBLE, LEASH and IO NFT investors and that the snapshot process will begin soon.
The announcement of SIFU coin, combined with SHIB also gaining significant momentum in the bull market, could open the door to serious gains.
SHIB Price Performance
Shiba Inu Coin continues its upward trend among meme coins in the fourth quarter. The price of SHIB increased by 3% on a daily basis to $0.00003037. Gains of 22% and 80% were observed on the weekly and monthly charts, respectively.
Increasing demands from SHIB investors and the imminent launch of SHIFU coin are positively affecting market sentiment. Shytoshi Kusama’s support for SHIFU Coin increased the credibility of the project.
SHIB whales are increasing the amount of tokens they hold, which further improves market perception. This situation, together with SHIFU Coin, creates a positive atmosphere in the meme coin industry in general.
The introduction of SHIFU coin into the market and the positive divergence of Shiba Inu may help again.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
