Under the wise leadership of Shytoshi Kusama and with the unwavering enthusiasm of Lucie, the marketing manager, the Shiba Inu team refuses to be discouraged by the volatility of the SHIB crypto. In their constant quest for solutions, they recently announced a massive airdrop on Shibarium, their Layer 2 blockchain.
Shibarium Prepares for a High-Flying Airdrop
A significant development in the crypto world! Lucie, Shiba Inu’s marketing manager, stirred the SHIB community with an announcement on X. She revealed a massive airdrop on the highly attractive L2 Shibarium blockchain, promising free tokens to all participants.
The highlight of this announcement? “You’ll be able to earn points simply by bridging to Shibarium, using Shibarium, and holding specific tokens like $LEASH and $Knine,” wrote Lucie. This enticing promise aims to reward users loyal to the ecosystem.
An enlightening conversation with Buzz, co-founder of K9 Finance, Shibarium’s official partner, only amplified the excitement. This strategic alliance lends enhanced credibility to the developers and heralds positive events to come.
The airdrop will be based on participants’ holdings and activities, a crucial detail that generates eager anticipation. “Free tokens will be distributed to all participants, the amount depending on your holdings and activities,” Lucie specified. This strategy encourages the Shiba Inu community to get more involved, thus promoting the use of specific tokens.
However, Lucie warned that the final details will be announced later by K9 Finance. “The official and final requirements will be announced in due time,” she added, emphasizing that the current information is just an “unofficial leak.”
The SHIB Crypto Rebounds, but Optimism Remains Fragile
Riding the roller coaster is the nature of cryptos like Shiba Inu. Last Saturday, the memecoin posted a slight increase of 1.12%, reaching $0.00002465 with a market cap of $14.52 billion. A breath of fresh air that, however, was not enough to break through the critical resistance of $0.000025.
The Shiba Inu team remains steadfast in their mission, continually exploring innovative ways to engage and reward their community, despite the inherent volatility of the crypto market. With the upcoming airdrop on Shibarium, they are poised to strengthen their ecosystem and foster greater participation and loyalty among their users.
The 24-hour trading volumes plunged by 38% to $530.95 million, while SHIB’s open interest climbed by 3.24%, reaching $80.67 million according to Coinglass. A paradox that hides massive liquidations of long positions, signaling an imminent bearish turn.
Meanwhile, at K9 Finance, the KNINE crypto, despite initial enthusiasm spurred by the airdrop announcement, plummeted by 3.76% to $0.00002543. The gains quickly evaporated, turning optimism into disappointment.
But the future of Shiba Inu could hold surprises. According to Coincodex, the SHIB crypto could leap by 229.03% by June 26, reaching $0.00008086. Despite neutral technical indicators and a greed index at 74, Shiba Inu recorded 12 green days in the last 30, with a volatility of 4.18%. Enough to make crypto investors ponder the right time to buy.
The crypto market, whimsical as ever, remains to be closely watched. The coming days will tell whether SHIB can turn this uptick into genuine ascension or if it will plunge back into the depths of speculation. Some even believe that this altcoin could serve as a support for a spot ETF in the future.
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