Shiba Inu’s ecosystem crew sheds mild on Kendu Inu (KENDU), an altcoin poised to reshape the SHIB universe.
The crew revealed this within the twenty seventh version of its weekly journal, published on June 5.
Kendu Inu: The Wild Card Reshaping SHIB Universe
In keeping with the journal, Kendu Inu is a memecoin themed after the Japanese canine breed Kai Ken. The crew behind the token seeks to defy conference by prioritizing identification and neighborhood over typical tokenomics.
Though Kendu embodies the relentless spirit of Shiba Inu, it doesn’t comply with the sample of different tokens throughout the ecosystem, which intention to burn SHIB and BONE. The Kendu crew, led by its pseudonymous founder, Kendu Miazaki, is concentrated on first constructing a robust model and a cult-like following united by a shared imaginative and prescient earlier than delving into different duties.
“We’re at the start a meme coin, specializing in the model first […] You may have the perfect product on the planet, but when no person is aware of about it then… no person is aware of about it, and no person will use it,” Miazaki remarked.
Neighborhood Development and Imaginative and prescient
As of when the journal was revealed, Kendu boasted a following of 6,000 X customers. Apparently, the determine has soared to over 10,043 within the hours main as much as press time.
Kendu Inu makes use of a brand-first technique to face out within the already saturated memecoin house. It additionally goals to contribute considerably to the expansion of the Shibarium ecosystem by bringing new customers and concepts, which might assist it obtain its imaginative and prescient of a billion-dollar market cap.
At the moment, KENDU boasts a market cap of $203.61 million, putting it as the two,743rd largest crypto on CoinMarketCap. The token was priced at $0.0002048, down 9.38% over the previous 24 hours. On the present worth, KENDU is down 24.17% from its all-time excessive of $0.0002694, recorded on June 13, 2024.
Regardless of launching this yr, KENDU has already been listed on prime crypto exchanges, together with LBank, BitMart, and Poloniex. Information from CoinMarketCap exhibits that the token’s 24-hour buying and selling quantity was down 20.24% to $4.85 million.
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