Shiba Inu Related Project Presents Special Airdrop – Details

TL;DR

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

Shifu, a new meme coin project introduced by the Shiba Inu ecosystem, launched an airdrop exclusively for the SHIB community.

SHIFU’s total supply is 100,000,000,000 coins. The project revealed that 30% of this amount will be allocated for the community airdrop, with 50% unlocked during the Token Generation Event (TGE) and the rest released in the next four weeks. The team will require a snapshot from eligible users, but the final deadline has not yet been announced.

It is important to note that 22,000,000,000 SHIFU tokens will be distributed to some of those who have at least 100,000 SHIB and 100 BUBBLE.

Eligible LEASH holders will be allocated 2,000,000,000 SHIFU, while lucky BONE owners will receive 1,000,000,000 SHIFU. The remaining 4,000,000,000 tokens are destined to go to the BUBBLE community.

The team added that 70% of the total supply (70 billion SHIFU) will be distributed for other purposes. 40 billion tokens will go to the “liquidity and public presale” section, 20 billion will go to the treasury, while 10 billion will fund marketing initiatives.

SHIFU is a dog themed meme coin that has yet to be released. Earlier this month, popular X user Lark Davis described him as “the master of everything,” highlighting his legitimacy due to his connection to the Shiba Inu developers.

SHIB Price Outlook

The announced air launch appears to have caused little to no price volatility for the second largest meme coin. SHIB is up just 1.5% in the last 24 hours, currently trading around $0.00002733. Its market cap remains around $16 billion, making the asset the 15th largest in the entire crypto sector.

SHIB Price, Source: CoinGecko

On the other hand, some important metrics suggest that Shiba Inu may experience a much more substantial increase in the near future. One of them is the large transaction volume (where each SHIB transaction is over $100,000).

According to IntoTheBlock, the figure has soared 240% on a daily basis to $175 million. This increase could be interpreted positively by traders, driving greater demand for SHIB and pushing the price up.

Shibarium’s progress is also worth mentioning. The Layer 2 scaling solution has been processing millions of transactions in recent days, hitting numerous milestones. Shibarium’s breakthrough can have a notable impact on SHIB’s valuation due to its role in improving the utility, adoption and efficiency of the entire ecosystem.

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