Shiba Inu Team Plans Major Airdrop on Shibarium

Shiba Inu Shib

Shiba Inu’s marketing lead, Lucie, recently made a significant announcement about an upcoming airdrop on Shibarium. While specific details remain undisclosed, Lucie shared the news on X (formerly Twitter), sparking excitement within the SHIB community.

The announcement followed a conversation with Buzz, co-founder of K9 Finance, an official partner project of Shibarium, hinting at more details to come.

Shiba Inu Announces Upcoming Airdrop on Shibarium

Lucie, the marketing lead for Shiba Inu, recently praised Buzz following an “incredible conversation,” highlighting his integrity and reliability as a developer within the crypto community.

This endorsement sets a positive tone for upcoming events on Shibarium and underscores the trustworthy nature of developers in the ecosystem.

A major highlight of Lucie’s announcement was the upcoming airdrop, offering participants a chance to earn free tokens. According to Lucie, users can earn points by bridging to Shibarium, using its services, and holding specific tokens like $LEASH and $Knine. This initiative aims to reward engagement and loyalty within the Shibarium ecosystem, distributing tokens based on participants’ activities and holdings.

Lucie emphasized that free tokens will be distributed based on participants’ involvement, with specific details to be finalized and announced by K9 Finance in due course. She clarified that the current information is an “unofficial leak,” with official requirements to be confirmed later.

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Shiba Inu and KNINE Price Movements

The Shiba Inu (SHIB) coin experienced a minor rebound alongside other top cryptocurrencies, showing a 1.12% increase to $0.00002465 on Saturday, May 25, with a market cap of $14.52 billion. Despite this recovery, SHIB’s 24-hour trading volume dropped by 38% to $530.95 million.

However, SHIB continued to trade below the crucial resistance level of $0.000025. Meanwhile, SHIB’s open interest rose by 3.24% to $80.67 million, as reported by Coinglass. There were also notable long liquidations, indicating a potential bearish trend ahead.

Conversely, KNINE saw its price decline by 3.76% to $0.00002543, despite the recent airdrop announcement associated with K9 Finance. Initially, KNINE had experienced gains fueled by optimism surrounding the airdrop. However, these gains proved short-lived as the price quickly turned negative shortly after the announcement.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.


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