The latest meme coin to challenge for the Shiba Inu crown by grabbing buyers’ dollars is $INU, which launched two days ago and has risen 40,000%.
$INU is trading at $0.000000008840 and reached a high yesterday of $0.000000009831, according to Dextools price data.
24-hour volume is around $20 million and the market cap is a little over $8 million.
The token’s DEX liquidity is $1.29 million. When it launched on June 4, total liquidity was just 20 ETH.
Although the coin has a Japanese language website, the lack of engagement (yet) from Japanese crypto communities suggests that its provenance lies elsewhere.
Suspicions are further aroused by the link to join the Telegram group: Chinese
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