Shiba Inu 'Dummy Token' CAL Skyrockets 330% Within Hours Of Launch As Trading Volumes Cross $4M
Portfolio Pulse from Mehab Qureshi
Shiba Inu's 'dummy token' Calcium (CAL) experienced a 330% surge in value within 11 hours of its launch, with trading volumes crossing $4M. CAL was introduced as part of a strategic plan by the Shiba Inu developers to relinquish ownership of the Bone (BONE) token contract. More than 50% of CAL’s supply was swiftly acquired by a bot shortly after its launch.
September 22, 2023 | 9:51 am
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NEUTRAL IMPACT
The launch of CAL, a 'dummy token' by Shiba Inu, was part of a strategic plan to relinquish ownership of the BONE token contract. This could potentially impact BONE's market dynamics.
The introduction of CAL was part of a strategic move to relinquish ownership of the BONE token contract. This could potentially lead to changes in the market dynamics of BONE, although the exact impact is uncertain at this stage.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The launch of CAL, a 'dummy token' by Shiba Inu, could potentially impact the dynamics of the SHIB token, given the interconnected nature of these tokens.
The introduction of CAL by Shiba Inu could potentially impact the dynamics of the SHIB token, given the interconnected nature of these tokens. However, the exact impact is uncertain at this stage.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70