Shiba Inu-Related Project Introduces a Special Airdrop: Details

by

As a seasoned researcher with years of experience in the cryptocurrency market, I have witnessed countless meme coins come and go. However, Shifu, the new kid on the block within the Shiba Inu ecosystem, piqued my interest due to its connection with the developers of SHIB, a project that has already proven itself as a market leader among such assets.

TL;DR

  • Shifu, a new meme coin in the Shiba Inu ecosystem, has a total supply of 100 billion tokens, with 30% allocated for a community airdrop.
  • Despite the effort, SHIB’s valuation remains stable at $0.00002733. However, a 240% surge in large transaction volume and Shibarium’s rapid progress could boost the asset’s utility and drive future price increases.

The Terms and Conditions

Introduced within the Shiba Inu ecosystem, a fresh meme coin initiative known as Shifu recently announced an exclusive airdrop aimed at its dedicated SHIB community.

In this project, it’s been disclosed that 30 billion SHIFU coins, which is 30% of the total supply (100 billion), will be set aside for a community airdrop. Out of this allotted amount, half (15 billion) will become accessible during the Token Generation Event (TGE), with the remaining coins becoming available in the subsequent four weeks. The team intends to take a snapshot of eligible users, but they have not specified a final deadline for this yet.

It’s worth mentioning that the distribution of 22 billion SHIFU tokens will occur among individuals who own at least 100 million SHIB and 100 BUBBLE tokens.

2 billion SHIFU will be distributed among eligible LEASH holders, and 1 billion SHIFU will go to fortunate BONE owners. The remaining 4 billion SHIFU tokens are intended for the BUBBLE community.

70% of the entire SHIFU supply (that’s 70 billion SHIFU) is earmarked for various uses. Specifically, 40 billion tokens are designated for liquidity and public pre-sale, another 20 billion will be stored in the treasury, and a final 10 billion will finance marketing activities.

SHIFU is an upcoming meme coin centered around dogs that hasn’t been activated yet. Recently, well-known user Lark Davis referred to it as the “top dog,” emphasizing its credibility by linking it to the developers of Shiba Inu.

SHIB Price Outlook

It appears that the airdrop announcement has had minimal impact on the price fluctuations for the second largest meme coin, Shiba Inu. Over the past 24 hours, SHIB has seen only a slight increase of 1.5%, currently trading at roughly $0.00002733. The market capitalization of this asset continues to hold steady around $16 billion, maintaining its position as the 15th largest cryptocurrency in the entire sector.

Conversely, certain significant indicators point towards a potentially larger growth spurt for Shiba Inu in the coming days. One of these factors is the exceptionally high transaction volume, where each SHIB transaction exceeds the value of $100,000.

As reported by IntoTheBlock, there’s been an astonishing 240% increase in the figure on a daily basis, amounting to $175 million. This significant surge could be seen as a positive sign by traders, potentially leading to increased interest and demand for SHIB, thereby causing the price to rise further.

The development of Shibarium is noteworthy. As a layer-2 scaling solution, it has handled millions of transactions over the past few days, breaking through several significant hurdles. The growth of Shibarium could significantly influence SHIB’s worth due to its contribution in enhancing utility, adoption, and efficiency across the entire ecosystem.

Read More

2024-12-17 15:22