Shiba Inu’s SOL-Killer ‘DAMN’ Braces For Major Listing, Here’s All

Coingapestaff
June 4, 2024
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Shiba Inu Coin Lead Reveals Game-Changing Partnership for SHIB Financial Layer

Highlights

  • SOL-Killer DAMN to witness listing on one of the oldest crypto trading platforms.
  • The DAMN/USDT pair is all set to be listed.
  • However, the price surfaced in the red today, with hopes of a bolstered movement looming.

Shiba Inu’s ecosystem token DAMN, aka SOL-killer, has gained substantial traction across the broader crypto market ever since the coin’s inception into the digital assets realm. Introduced this year within Shibarium, the L2 network, the DAMN meme coin has promptly emerged as a hot trend across the Shiba Inu community.

Now, with one of the oldest crypto trading platforms extending support to the meme coin, a pivotal shift in price dynamics potentially looms, in turn garnering global attention to the crypto. JuCoin, a crypto trading platform, recently announced plans to list the SOL-Killer DAMN token in the coming days.

JuCoin To List DAMN Token Ahead

In a post shared by Shiba Inu’s marketing lead Lucie on X, dated June 4, it was pointed out that DAMN is all set to be listed on the JuCoin crypto trading platform shortly ahead.

Meanwhile, in an official statement released by the exchange, it was unveiled that JuCoin plans to list the DAMN/USDT trading pair on June 8 at 20:00 UTC. Moreover, the statement revealed that deposits for the same will commence on June 6 at 20:00 UTC. This latest update from the exchange has caused an optimistic stir for the meme coin within the Shiba Inu crypto community.

Usual market sentiments convey bullishness with a token’s listing chronicles. However, it’s also worth keeping in mind the highly volatile nature of the crypto realm.

Also Read: Bitcoin ETF Inflows Propel BlackRock, Fidelity, Invesco Into Top 10 ETF Issuers List

DAMN & SHIB Market Dynamics

DAMN, a token that can be traded on DEXs like Woofswap, has a total supply of 69 billion tokens. Its unique feature is burning BONE, Shibarium’s gas fees, with each transaction, as also spotlighted by Lucie earlier this year.

The token’s (DAMN/WBONE) price on DEX WoofSwap was $0.00003027, down 2.63% over the past day. This tumbled movement might be bolstered ahead, potentially due to the abovementioned listing chronicle coming into play as it would inject notable trading volumes and funds into the crypto.

Meanwhile, DAMN appears to have mimicked the broader downtrend in SHIB, the native token of the Shiba Inu ecosystem. SHIB’s price illustrated a pullback, dipping 5.14% to $0.00002374 today.

It’s also worth mentioning that, as the name suggests, the SOL-killer meme coin is aimed at rivaling the recent hot trends within the meme coins sector, Solana meme coins. Should the listing bring about a bullish trend, DAMN could further cement its positioning within the meme coins sector.

Also Read: How’s the Crypto Market Performing Today?

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.