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The cryptocurrency sector is going through a very dynamic period, and meme tokens are playing an important role during this time. Considering that Dogecoin (DOGE) copy Shiba Inu (SHIB) suddenly became one of the market’s biggest players, it can be said that the chances of newly emerging copy meme tokens cannot be ignored.
New Meme Token Frenzy
A new meme token called PEPE had briefly surpassed the rise of the older Shiba Inu and Dogecoin by a significant margin. As a result, many meme tokens emerged, and the resulting FOMO benefited some of them while others remained mere traps.
Now, a copy meme token called Shiba Memu (SHMU) seems to be taking over the scene. This meme token has suddenly gained significant popularity. It can be seen that there has been a flow of over $902,000 in less than three weeks leading up to the pre-sale of the SHMU token, which actually reveals one reason for its popularity.
The price of SHMU continues to rise thanks to its current token strategy. The increasing sale price due to demand during the token sale process has reached $0.0138 as of now. It can be seen that 31,056,884 tokens have been sold so far, and these sales can be made on both the ETH and BSC networks.
What exactly does Shiba Memu promise and how did it raise so much funding? It is possible to say that the project is an AI-focused version of SHIB. SHMU, which claims to leverage artificial intelligence technology, has also created its marketing strategies within this scope. Despite launching a serious advertising campaign on leading social media platforms, SHMU can still turn out to be completely empty.
Caution Before Investing in Shiba Memu
It has been observed that previously hyped pre-sale projects suddenly collapsed and experienced situations similar to rug pulls. Even without rug pulls, unsuccessful strategies can drag successful projects to the bottom. This reminds investors that there is always risk in every investment. A similar situation applies to SHIB, and investors are strongly advised to conduct their own research.
