Shiba Inu Receives Endorsement from Robert F. Kennedy Jr.
Shytoshi Kusama, the lead developer of Shiba Inu, announced that the support for the meme coin is growing stronger, with U.S. presidential candidate Robert F. Kennedy Jr. endorsing Shiba Inu. This endorsement has sparked significant interest in the cryptocurrency.
Robert F. Kennedy Jr.’s Support
Robert F. Kennedy Jr., also known as RFK Jr., was recently seen promoting Shiba Inu’s slogan, “It’s Not A Meme, It’s A Movement.” This endorsement is a major boost for Shiba Inu and highlights the growing popularity of the cryptocurrency.
RFK Jr. and Russ Davis of In Russ We Trust Crypto were spotted wearing Shiba Inu badges at the ETHDenver 2024 event, showing their support for the SHIB Army.
In a cryptic post on X, Shytoshi Kusama mentioned being with new friends and having a full day of meetings. He hinted at upcoming developments and expressed confidence in Shiba Inu’s success despite its limited budget and marketing efforts.
Shiba Inu’s Price Surge
Shiba Inu has experienced a remarkable rally, with its price surging over 170% in just one week. The broader crypto market rally has contributed to this surge in value.
Following Shytoshi Kusama’s announcement of RFK Jr.’s endorsement, the price of SHIB jumped over 10% within an hour. Currently, SHIB is trading at $0.00002614.
The trading volume for SHIB has decreased by 28% in the last 24 hours, suggesting that large SHIB holders, known as whales, are taking control of the market.
Investor Confidence and Futures Trading
Investors are highly optimistic about Shiba Inu’s future prospects. The liquidation of shorts for SHIB, 1000SHIB, and SHIB1000 has been significant, indicating a bullish sentiment among traders.
The open interest for SHIB and SHIB futures has increased by 26% in the last 24 hours, with 1000SHIB perpetuals reaching nearly $150 million.
These indicators suggest that investors have confidence in Shiba Inu’s long-term potential and are actively participating in futures trading to capitalize on its growth.
Conclusion
The endorsement from Robert F. Kennedy Jr. has provided a significant boost to Shiba Inu’s reputation and popularity. This support, combined with the recent price surge and investor confidence, indicates that Shiba Inu is becoming a force to be reckoned with in the crypto market.
Hot Take: Shiba Inu Gains Momentum with Celebrity Endorsements
Shiba Inu’s recent endorsement by U.S. presidential candidate Robert F. Kennedy Jr. has propelled the cryptocurrency into the spotlight. With its rallying price and growing investor confidence, Shiba Inu is quickly gaining momentum in the crypto world.
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