{"id":194734,"date":"2023-10-09T17:39:08","date_gmt":"2023-10-09T17:39:08","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=194734"},"modified":"2023-10-09T17:39:08","modified_gmt":"2023-10-09T17:39:08","slug":"newly-launched-meme-coin-shiba-skyrockets-3000-as-it-proclaims-birth-of-a-new-king","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/altcoins\/newly-launched-meme-coin-shiba-skyrockets-3000-as-it-proclaims-birth-of-a-new-king\/","title":{"rendered":"Newly Launched Meme Coin $SHIBA Skyrockets 3,000% as it Proclaims \u2018Birth of a New King\u2019"},"content":{"rendered":"

A recently launched meme-inspired cryptocurrency called Shiba ($SHIBA) has seen its price rise by more than 3,000% since the beginning of the month, and over 750% in a single 24-hour period, as it seemingly gains steam on the decentralized exchange Uniswap.<\/p>\n

According to data from Ethereum blockchain explorer Etherscan, while the self-proclaimed \u201cDogecoin killer\u201d SHIBA isn\u2019t listed on centralized cryptocurrency trading platforms like Coinbase and Binance, its trading volume has been surging to near $3 million over a 24-hour period on the popular decentralized exchange Uniswap.<\/p>\n

Notably the surge appears to be connected to low liquidity, with Ethereum blockchain data showing only around 16,500 transactions for the cryptocurrency, which now has little over 1,900 token holders.<\/p>\n

<\/p>\n

On its website, as reported by Benzinga, SHIBA proclaims itself as the \u201crebirth of the DOGE killer,\u201d and stresses the expectation for a new leader and showcases the excitement of the Shiba whales, while adding tht the world has \u201cwitnessed a lot of disappointments, the Shiba whales have their eyes blazing.\u201d It adds that it\u2019s \u201ctime for the birth of a new king, a new Doge Killer of 2023, $SHIBA.\u201d<\/p>\n

SHIBA\u2019s token supply structure, according to its websites, leaves 47% ,or 470 trillion tokens, to be \u201cburned at launch,\u201d while an additional 300 trillion tokens will be \u201cremoved from circulation at launch.\u201d 5% are reserved for centralized exchange listings, while 5% are reserved for a \u201cmarketing and development fund.\u201d<\/p>\n

The token also reserved 4% for an ecosystem fund, 4% to fund cross-chain trading platforms, and 5% for the team behind the project. Reminiscent of rival meme-inspired cryptocurrency Shiba Inu ($SHIB), the project also launched a token under the ticker $BONES, which is the \u201cofficial gas token for Shibarium chain.\u201d<\/p>\n

Featured image via Pixabay.<\/em><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A recently launched meme-inspired cryptocurrency called Shiba ($SHIBA) has seen its price rise by more…<\/p>\n","protected":false},"author":4,"featured_media":194733,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"yoast_head":"\nNewly Launched Meme Coin $SHIBA Skyrockets 3,000% as it Proclaims \u2018Birth of a New King\u2019 - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/altcoins\/newly-launched-meme-coin-shiba-skyrockets-3000-as-it-proclaims-birth-of-a-new-king\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newly Launched Meme Coin $SHIBA Skyrockets 3,000% as it Proclaims \u2018Birth of a New King\u2019 - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"A recently launched meme-inspired cryptocurrency called Shiba ($SHIBA) has seen its price rise by more...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/altcoins\/newly-launched-meme-coin-shiba-skyrockets-3000-as-it-proclaims-birth-of-a-new-king\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-09T17:39:08+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/10\/Newly-Launched-Meme-Coin-SHIBA-Skyrockets-3000-as-it-Proclaims-\u2018Birth-of-a-New-King.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/altcoins\/newly-launched-meme-coin-shiba-skyrockets-3000-as-it-proclaims-birth-of-a-new-king\/\",\"url\":\"https:\/\/tokenstalk.info\/altcoins\/newly-launched-meme-coin-shiba-skyrockets-3000-as-it-proclaims-birth-of-a-new-king\/\",\"name\":\"Newly Launched Meme Coin $SHIBA Skyrockets 3,000% as it Proclaims \u2018Birth of a New King\u2019 - 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