Shiba Inu’s lead developer, known by the pseudonym Shytoshi Kusama, has caught the crypto community's attention with a post on X, hinting at the launch of a new memecoin called SHIFU. The announcement has sparked excitement, especially following hints of an upcoming airdrop for holders of SHIB, BUBBLE, LEASH, and IO NFTs.
Kusama’s statement was a response to a post by crypto analyst Lark Davis, who described SHIFU as the “master of all memecoins.” According to Davis, the memecoin is being developed with the involvement of the Shiba Inu team. Adding to the hype, a major airdrop was teased, set to happen “very soon.”
It’s worth noting that SHIFU’s debut coincides with a resurgence in the memecoin market. In Q4 2024, the sector has shown significant growth, with SHIB, as one of the leaders, experiencing a steady rise. Over the past 24 hours, SHIB’s price increased by 3.25%, reaching $0.00002997, and the token has risen 74% over the past month.
SHIB’s growth is supported not only by market trends but also by consistent token burns, which reduce the total supply. Increased activity from major investors has also contributed to positive market sentiment.
As for SHIFU, details about the token remain scarce, but the involvement of the Shiba Inu team and the announcement of an airdrop for related asset holders have fueled excitement. We’ll continue to monitor developments. For now, as Shytoshi Kusama wrote in his post: LFG (let’s f**ing go)!*
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.