by BSC News
June 24, 2022
Amidst already turbulent waters, the popular meme coin has been wracked by the departure of its creator..
One of the most widely known meme coins, Shiba Inu (SHIB), has been highly impacted by the ongoing market slump due to reasons unique to the asset’s ecosystem.
Shiba Inu is an Ethereum-based altcoin that has the Shiba Inu—a Japanese breed of hunting dog—as its mascot. The SHIB token aspires to be an Ethereum-based alternative to Dogecoin (DOGE).
Unlike Bitcoin, which is designed to be scarce, SHIB was created to be intentionally abundant — with a total supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.
Find more about Shiba Inu here:
Website | Twitter | Telegram | Discord |
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