#SHAIBI In the wave of cryptocurrency, Shiba Inu Coin (SHIB, Er Dog) and Pepe continue to be extremely popular

Shiba Inu Coin (SHIB)

• Basic Information: Launched in August 2020 by an anonymous individual, it is a virtual currency inspired by Dogecoin, with a total supply of 1 quadrillion, an ERC-20 token, nicknamed the “Dogecoin Killer”.

• Reasons for its popularity: On May 7, 2021, Musk tweeted, “I’m looking for a Shiba Inu,” which led to a 236% price surge for Shiba Inu Coin within a day, making it a trending topic on Weibo. Subsequently, many exchanges rushed to list Shiba Inu Coin, further driving its price up. In addition, Shiba Inu Coin launched its own decentralized exchange platform, ShibaSwap, and built the Shibainu metaverse, continuously improving its ecosystem, increasing its application scenarios and practicality, attracting a large number of investors.

Pepe Coin

• Basic Information: A deflationary memecoin launched on the Ethereum network, aimed at paying homage to the iconic meme of the early 21st century—Pepe the Frog, it is an ERC-20 token.

• Reasons for its popularity: It stands out by eliminating transaction taxes and adopting a direct, non-utilitarian design concept. It combines a burning mechanism to enhance scarcity and rewards long-term holders. Additionally, the coin has 720,000 followers on X, and its official website traffic is also increasing significantly. Early promotion through KOLs led to a smooth listing on exchanges, and stories of early investors making big profits from buying PEPE spread wildly on social media, prompting investors to follow suit.