Shiba Inu ($SHIB) is a popular meme crypto token that gained significant attention during the bull phase of 2021
Shiba Inu (CRYPTO: SHIB) gained immense popularity in 2021, thanks largely to a tweet from the world's richest person, Elon Musk. At the time, Dogecoin (CRYPTO: DOGE) was trending globally through Musk's tweets, which helped SHIB gain massive attention. However, SHIB is no longer just a part of meme culture, as its leadership has introduced several innovative crypto projects to bring practical use cases for the token.
Recently, the Shiba Inu token leader took to Twitter (NYSE:TWTR) (now X) to talk about the popularity of new meme tokens, which he feels is not as strong as Shiba Inu. Disapproving any token being compared to SHIB for minimal achievements, Lucie called it misleading to claim a token's success only because of "SHIB people behind it."
Highlighting the real assets that are tied to SHIB, including BONE, LEASH, SHIB, Shib the MV, Shiboshis, and the upcoming $TREAT token, which will be launching in the upcoming months, Lucie pointed out the true loyalty and commitment that people will notice in this space, which is building and supporting the ecosystem around SHIB. According to him, one must focus on the statistics and blockchain data, and the rest of the claims can be dismissed as noise.
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Yes, I'll laugh and think you’re foolish if you compare any token to SHIB with only the bare minimum achieved.
And yes, I believe you’re deceiving people by claiming a token is a success just because of “SHIB people behind it.”
If you're looking for real assets tied to SHIB,... pic.twitter.com/PwVVGAMFTx
On-chain data showed that Shiba Inu came close to matching Dogecoin in the global crypto rankings in March 2024, hitting a peak value of $21.7 billion. Both communities have 3.5 million followers on X. However, Shiba Inu and Dogecoin have since dropped over 70%, while Dogecoin saw a less volatile 57% decline, though it underperformed during the meme coin rally.
Shiba inu price action
The current trade price of Shib token is $0.000013 & this price is 36.5% down over the last 3 months of period.
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