Shiba Inu lead developer Shytoshi Kusama recently highlighted the upcoming dog-themed meme coin SHIFU.
Shiba Inu lead developer Shytoshi Kusama drew widespread attention to the market on Wednesday with the launch of a new meme coin. Notably, the lead developer drew attention to the new dog-themed coin, SHIFU, by posting on social media platform X. The post, in turn, sparked a great deal of interest in the upcoming meme coin, which is also backed by SHIB developers.
Shiba Inu Lead highlights the launch of a new Meme Coin
In the latest X post on December 4, Shytoshi Kusama pointed to the SHIFU coin and said, 'LFG.' Additionally, the Shiba Inu Lead continued, 'Did someone say airdrop?' sparking market curiosity across the entire industry.
In his X post, Kusama reiterated a post by top market enthusiast Lark Davis, which highlighted the vitality of the new meme coin. Davis stated that SHIFU, the Lord of All, is a legitimate meme coin reportedly issued by Shiba Inu, the second-largest meme cryptocurrency by market capitalization.
Furthermore, this cryptocurrency enthusiast revealed, 'Holders of SHIB, BUBBLE, LEASH, and IO NFTs will receive a crazy airdrop. Additionally, according to Davis, the snapshot process is still set to begin soon.' Overall, while Davis's post has garnered significant attention across the market, Kusama's post adds further credibility to the upcoming meme coin project. With SHIFU coin recently becoming a hot topic in the market, traders and investors are eagerly awaiting more information about the SHIFU coin.
Meanwhile, given the recent surge in popularity of the new meme coin in the past few days and Kusama's attention to the token, the general outlook on its future trajectory remains optimistic. On the other hand, it is worth mentioning that SHIB continues to make significant progress during this bull market cycle.
How is SHIB performing?
The Shiba Inu token is showing a bullish trajectory in conjunction with a bull market in the meme token space during the fourth quarter. As of the time of writing, SHIB's price has risen nearly 3% intraday, reaching $0.00003037. Its 24-hour low and high prices are $0.00002714 and $0.00003068, respectively. Notably, the token's weekly and monthly price charts show increases of 22% and 80%. This upward trend occurs against the backdrop of the ongoing SHIB burn reported by CoinGape.
Additionally, as SHIB whales increase their holdings, market sentiment is further leaning bullish. Meanwhile, with Shytoshi Kusama focusing on the issuance of the SHIFU token, market participants remain curious about upcoming events.