Shiba Inu Skyrockets 170%, Eyes Top 10 as RFK Jr. and Kusama Fuel Frenzy

Shiba Inu Skyrockets 170%, Eyes Top 10 as RFK Jr. and Kusama Fuel Frenzy

The post Shiba Inu Skyrockets 170%, Eyes Top 10 as RFK Jr. and Kusama Fuel Frenzy appeared first on Coinpedia Fintech News

On March 4, Shiba Inu (SHIB) took the crypto world by storm, reaching a remarkable two-year high at $0.024, showcasing a phenomenal weekly gain of 170%.

The driving force behind this surge? A notable endorsement from U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.), as revealed by Shytoshi Kusama, the face behind the Shiba Inu project.

Presidential Backing Boosts Shiba Inu

In a recent tweet, Shytoshi Kusama shared the exciting news of RFK Jr.’s support for Shiba Inu, encapsulated in the slogan, “It’s Not A Meme, It’s A Movement.”

The impact reverberated at the ETHDenver 2024 event, where RFK Jr. and Russ Davis proudly sported Shiba Inu badges, solidifying their support for the SHIB Army.

Did You Know? Coinbase & Ripple Pledge $78 Million for Pro-Crypto Fairshake for 2024 U.S. Elections

A Mysterious Hint – Can You Decode?

Amidst the growing support, Kusama dropped a mysterious message on X, saying, “With new Frens.” This hinting at a future filled with fresh connections and a day full of meetings with newfound friends, reflecting the dynamic growth within the Shiba Inu community.

Adding to the excitement, Kusama hinted at a significant upcoming moment, ready to unveil the true strength of Shiba Inu in the coming months. A noteworthy achievement considering Shiba Inu’s success with minimal funds and almost no advertising.

Shib Price Analysis

Post these developments, Shiba Inu’s price jumped by a robust 32%, settling at $0.00002644 in the last 24 hours. Despite a 28% drop in trading volume, bullish sentiment prevails.

Simultaneously, investors are liquidating shorts for SHIB, 1000SHIB, and SHIB1000. SHIB and SHIB futures Open Interest (OI) surged over 26% in just 24 hours, nearing the $150 million mark.

Also Read: Is A 10x Rally On The Horizon For SHIB, PEPE, DOGE, And WIF Prices?

Eyes on the Prize!

With dreams of entering the top 10 crypto list, Shiba Inu’s recent backing from RFK Jr. and Kusama’s strategic hints have stirred excitement. Shiba Inu stands out as a key player, supported by influential endorsements and a community-driven spirit.