Shiba Inu Plunges 10.43% As Traders Shift Into Shiba Shootout, Raising $700k

While Shiba Inu tokens have fluctuated over the past 24 hours – especially Shiba Inu ($SHIB) – the new sheriff in town, Shiba Shootout ($SHIBASHOOT), is holstering its gun after firing off a presale nearing $700,000.

This play-to-earn (P2E) meme coin, fueled by a strong community spirit, has been wrangling up funds for its thrilling Wild West showdown game.

With a basic version of the mobile game available on Google Play and the Apple App Store, Shiba Sharpshooter will soon receive a huge Web3 update that allows users to earn its utility-packed native token, $SHIBASHOOT.

But for investors who want a hoard of $SHIBASHOOT to strike pay dirt when the token launches on major exchanges, they can grab them at the presale price of $0.0196.

But hurry, as this price is set to rise again in less than six days. It’s best to secure $SHIBASHOOT now while the price is still at a massive discount.

The Shiba Inu Hacking Case Caused A Plunge In $SHIB And Other Top 10 Shiba Inu Meme Coins – But Not $SHIBASHOOT

The market is just wrapping its head around the news surrounding Shiba Inu, which has caused it to plummet by 10.43% in the last 24 hours.

This sharp decline came as a surprise, especially given the recent strength of the crypto market.

Shiba Inu’s drop is due to a reported hacking incident with Indian-based crypto exchange WazirX, where a staggering 5.4 trillion $SHIB tokens, valued at approximately $104 million, were stolen. 

According to Whale Alert on X, these tokens have been transferred to an unknown wallet.

🚨 🚨 🚨 🚨 🚨 5,433,752,465,343 #SHIB (102,126,698 USD) transferred from #WazirX to unknown wallethttps://t.co/PKrskBc0GL

— Whale Alert (@whale_alert) July 18, 2024

Despite a burn rate increase of 874% in the past 24 hours, totaling around 8.7 million $SHIB tokens, the price still declined.

In fact, other Shiba Inu coins in the top, with the sole exception of DogWifHat ($WIF) which saw a 9.35% increase, are also down. Dogecoin ($DOGE), Bonk ($BONK), Floki ($FLOKI), and Dog (Runes) ($DOG) have decreased by 3.76%, 5.56%, 4.12%, and 8.22%, respectively.

Whether this decline was a trickle-down effect from the Shiba Inu hacking incident to other Shiba Inu-themed coins remains uncertain. However, while all of these were happening, Shiba Shootout has inched closer to the $700,000 presale milestone.

Does this indicate a shift in the market for a more lasso-loving, heat-packing, and sharp-shooting Shiba Inu?

Other Shiba Inu Coins Can’t Do A Shootin’ Tootin’ Quite Like Shiba Shootout

There’s no shortage of Shiba Inus out there, but only one can wear the sheriff’s badge in this wild crypto town, and that’s Shiba Shootout.

This sheriff brings the excitement: a digital frontier where crypto enthusiasts and Shiba Inu meme coin fans come together for epic meme showdowns.

The $SHIBASHOOT token you earn from Shiba Sharpshooter has a ton of uses in-game. You can use it to enter the “Lucky Lasso Lottery” for a shot at big crypto prizes or to influence crucial project decisions in “Governance Roundups”.

The tokens can also be earned through “Campfire Stories” sessions where the best crypto raconteurs earn extra $SHIBASHOOT tokens. Also, inviting friends to join Shiba Shootout can earn those who expand their “posse” even more tokens.

But besides the in-game perks, $SHIBASHOOT tokens can be staked in Shiba Shootout’s “cactus staking program” for passive income.

With a sky-high APY of 1,465%, this staking option practically doubles your investment in under a month. It’s no wonder why popular YouTuber ClayBro calls it a savvy move toward early retirement.

For investors eager to join the showdown, visit Shiba Shootout’s website and purchase your $SHIBASHOOT tokens using ETH, USDT, BNB, or a bank card.

With only 770 million tokens available in the presale – 35% of its total 2.2 billion supply – time is of the essence.

To reassure investors, Shiba Shootout’s token smart contract is audited by SolidProof and KYC’d by Coinsult.

Stay informed about all developments at Shiba Shootout by joining its community on X and Telegram.

So saddle up, cowboy, buy your $SHIBASHOOT and hold ’em steady, as there’s no other place for Shiba Shootout to go but up!

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