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Shiba Inu's marketing lead Lucie recently took to X to encourage market optimism, revealing key data about Shibarium tokens DAMN, also known as the Sol-killer, and “PIKA,” also known as the Pre-sale Killer.
Lucie's post, amid the crypto market's resurgence, sparked significant investor interest by fueling excitement about Shina Inu's cryptography endeavor. Here's a closer look at the information given about 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 progress within Shiba Inu's L2, Shibarium, since its recent foray into the cryptocurrency world. The new meme currency was notable for its creative approach to managing liquidity and token supply through deliberate burns, which drew substantial attention from crypto market participants.
DAMN had a total quantity of 69 billion coins, with its unique characteristic being its burning process. Notably, the DAMN burn mechanism burns BONE, Shibarium's gas token, with each transaction, reducing the overall number of BONE tokens while potentially boosting their value.
In contrast, coinciding with its relationship with WoofSwap, a Shibarium DEX, DAMN just launched an aggressive burn campaign that significantly increased its price within a day, placing it among the top gainers on DEXTools.
This collectively gave a sprinkle of market optimism to the DAMN token, largely due to Lucie's article.
PIKA: The ‘Pre-Sale Killer’
In addition, Shiba Inu's marketing director highlighted the PIKA Shibarium coin, revealing essential qualities that have sparked substantial interest among crypto market traders and investors worldwide.
PIKA, the pre-sale killer, is designed to automate token presales on the Shibarium network while ensuring 'fairness and security' via its revolutionary ERC-50 protocol. The coin's smart contract automates "token allocations, locks, and refunds, minimizing manual intervention and the risk of manipulation."
Furthermore, it eliminates the requirement for administrator keys, lowering the risk of unwanted access and scams. Furthermore, the token's liquidity pool management automatically adds and locks in presale funds, increasing market stability and investor confidence.
PIKA has a total quantity of 50 billion tokens, with 50% allocated to the DAMN presale and 50% to increase liquidity.
This and the previously reported Sol Killer story fueled investor anticipation for Shiba Inu's crypto enterprise. Meanwhile, the dog-themed meme token, Shiba Inu, has grown significantly in the last 24 hours.
Shiba Inu Token Rises 4.21%, Mirroring Market Rally and Positive Sentiment
The Shiba Inu token currently trades at $0.00002366, up 4.21% from the previous day. This increase in the meme token's price is consistent with the previously indicated positive factors, and the market's overall rally bolsters it as prices rebounded today.
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