In a bid to boost market optimism, Shiba Inu’s marketing lead Lucie recently took to a post on X, sharing vital insights on Shibarium tokens DAMN’ aka the Sol-killer, and ‘PIKA,’ also known as the Pre-sale Killer. The post shared by Lucie, coming amid the crypto market’s rebound, piqued substantial investor attention as it fueled a sense of optimism on Shina Inu’s cryptographic venture. Here’s a closer look into the insights revealed on DAMN and PIKA Shibarium tokens:

DAMN- The SOL Killer

According to Lucie’s post on X, DAMN, also known as Sol Killer, has been making strides within Shiba Inu’s L2, Shibarium, ever since its recent inception into the crypto realm. The new meme coin primarily stood out due to its innovative strategy for handling liquidity and token supply through deliberate burns, nabbing significant attention among crypto market participants.

DAMN boasted a total supply of 69 billion coins, with the token’s distinctive feature being its burning mechanism. Notably, the DAMN burn mechanism destroys BONE, Shibarium’s gas token, in each transaction, reducing the total BONE token’s supply, while also potentially increasing its value.

Whereas, aligning with the partnership with WoofSwap, a DEX on Shibarium, DAMN recently launched an aggressive burn campaign that substantially boosted its price within a day, ranking it among the top gainers on DEXTools.

This collectively added a dash of market optimism to the DAMN token, coming attributed primarily to Lucie’s post.

Overview of $DAMN Sol Killer: #Shibarium’s Rising Memecoin

Introduction

DAMN Sol Killer (DAMN) is making significant strides in the cryptocurrency world, particularly within the #Shibarium, Shiba Inu’s Layer-2 network. This new memecoin stands out with its innovative approach… pic.twitter.com/oZG1nXAy3w

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) April 15, 2024

PIKA- The “Pre-sale Killer”

In addition, Shiba Inu’s marketing lead also spotlighted the PIKA Shibarium token, unraveling key features that garnered significant attention among crypto market traders and investors globally.

PIKA, the Pre-sale killer, is tailored to automate token presales on the Shibarium network, assuring ‘fairness and security’ through its innovative ERC-50 protocol. The token’s smart contract automatically handles “token allocations, locks, and refunds, minimizing manual intervention and the risk of manipulation.”

Further, it eradicates the need for admin keys, reducing the potential for unauthorized access and scams. Moreover, the token’s liquidity pool management automatically adds and locks a portion of presale funds to the liquidity pool, jacking up market stability and investor confidence.

PIKA boasts a total supply of 50 billion tokens, with its allocation being 50% to DAMN presale and 50% to enhance liquidity.

This, coupled with the abovementioned Sol Killer chronicle, propelled immense investor enthusiasm for Shiba Inu’s cryptographic venture. Meanwhile, Shiba Inu, the dog-based meme token, itself noted remarkable gains in the past 24 hours.

Also Read: Hong Kong Regulator SFC Approves Spot Bitcoin ETF and Ethereum ETF

Shiba Inu Price Jumps

The Shiba Inu token noted a 4.21% upswing over the past day and is currently trading at $0.00002366. This surge in the meme token’s price falls in line with the abovementioned optimistic developments, further escorted by the broader uptrend in the market as prices witnessed a rebound today.

Also Read: Solana Releases v1.17.31 Mainnet Update to Fix Congestion, Price & OI Jumps

The post Shiba Inu’s LUCIE Shares Vital Insights On ‘SOL-Killer DAMN’ & ‘PIKA’ Shibarium Tokens appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am