As an important development for the Shiba Inu ecosystem, KNINE Note the launch of a Liquid Staking Derivatives (LSD) token called pulled. In a post on X today, marketing lead LUCIE pointed out community members to the new launch and subsequent wave for SHIB’s cryptographic initiative. This points to a process in which optimism increases.
Breaking Through: $KNINE Official Launch Shatters Records and Expectations – Daily Shib https://t.co/0HBQrDoVoo
NEWS CONTINUES BELOW— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) March 13, 2024
Meanwhile, Shiba InuWith ‘s rise today, it has experienced a significant increase that has caught the attention of crypto traders and investors after recent volatility. With a strong monthly increase, this progress continues to be remarkable.
KNINE is an LSD token developed by Shiba Inu together with K9 Finance, emerging as a next-generation liquid staking derivative platform on Shiba Inu’s L2, Shibarium.
KNINE Launch and Rapid Rise
According to the information shared by LUCIE, after the stunning launch on March 7, KNINE became a highly sought-after token on the DeFi trading platform DexTools, with a volume of $7 million in just an hour. Notably, the number of owners increased by 87% that day and attracted 2,507 investors.
As Koinfinans.com reported, in the first 24 hours after KNINE’s Token Generation Event (TGE), this LSD token reached a staggering $12.56 million trading volume and attracted more than 3,850 holders. Fueled by this remarkable success, KNINE solidified its position as the top trending project with a transaction volume of approximately $15 million as of March 9. At the time of writing, the number of owners has exceeded 5,760 and the project is still in an interesting position.
Today’s SHIB price increase reflects the community’s optimism about recent development efforts, further highlighting the revolutionary nature of the meme coin’s cryptographic efforts.
