DAMN, the newest meme coin on Shiba Inu’s L-2, is turning heads as it managed to snatch the top trending spot on DEXTools. The momentum signifies the token’s heightened interest across various DEXes. With a name that says it all, Damn has made quite a mark, faster than anyone says “fetch.” Lucie, a Shiba Inu influencer, suggested the token could reach new heights, urging users to bridge to Shibarium and receive 20 BONE tokens each as a reward.
DAMN, I stole this from Telegram Okay, SHIB will go much higher, but DAMN can make it too high if you just stop being lazy, bridge to Shibarium, and get 20 BONE each.
While DAMN gears up to release its strategic roadmap, the decentralized project is emerging as a competitor to Solana, seemingly attracting users currently invested in the SOL blockchain. According to their social media handle, the meme coin platform is positioning itself as a far more superior and appealing alternative to Solana, as it encourages users to transition to DAMN rather than explore other blockchain platforms.
Moreover, Lucie’s own “transparency report” of her investment in the new meme coin has conveyed a sense of excitement and innovation associated with the project’s vision. One user invested 200 BONE in the DAMN public presale on X and received 13.5 million DAMN in return. Damn’s soaring popularity has undeniably highlighted the power of memes to onboard new users to Shibarium while having fun along the way. Still, users are urged to exercise caution before investing.
Shiba Inu’s Potential Governance Role
Renowned for their volatility and strong community backing, meme coins have recorded a notable surge of interest, particularly between February and March of this year, reminiscent of the meme coin frenzy of 2021. Interestingly, OG meme coins Shiba Inu and Dogecoin have both made a remarkable recovery of 203% and 100%, according to data from crypto market intelligence provider Messari.
Shiba Inu’s climb in the broader crypto realm, currently ranking among the top 11 altcoins, is a testament to its growing popularity and potential. Lucie’s positive outlook on the possibility of SHIB transforming into a governance token underscores the project’s aspiration to broaden its functionality and strengthen its community’s influence.