Shiba Inu Soars 29% On SHI Stablecoin Update: Lead Developer Shytoshi Kusama Teases Breakout With Dragon Ball Meme — Burn Rate Soars 33818%
Portfolio Pulse from Aniket Verma
Shiba Inu's SHIB token surged 29% following updates on the SHI stablecoin, with trading volume tripling to $1.2 billion. The rally was fueled by a meme from lead developer Shytoshi Kusama and details from marketing lead Lucie about the stablecoin's development.
September 27, 2024 | 1:47 am
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POSITIVE IMPACT
BONE token, used in ShibaSwap and Shibarium, rose nearly 15% following the SHI stablecoin update.
The BONE token's price increase is linked to the overall positive sentiment in the Shiba Inu ecosystem due to the SHI stablecoin update.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SHIB token saw a 29% price increase due to updates on the SHI stablecoin, with trading volume reaching $1.2 billion.
The SHIB token's price surged due to positive sentiment from the SHI stablecoin update, leading to increased trading activity and investor interest.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100