Shiba Inu Mentions Altcoin That Could Reshape SHIB Universe

Shiba Inu’s ecosystem team sheds light on Kendu Inu (KENDU), an altcoin poised to reshape the SHIB universe.

The team revealed this in the 27th edition of its weekly magazine, published on June 5.

Kendu Inu: The Wild Card Reshaping SHIB Universe

According to the magazine, Kendu Inu is a memecoin themed after the Japanese dog breed Kai Ken. The team behind the token seeks to defy convention by prioritizing identity and community over typical tokenomics.

Although Kendu embodies the relentless spirit of Shiba Inu, it does not follow the pattern of other tokens within the ecosystem, which aim to burn SHIB and BONE. The Kendu team, led by its pseudonymous founder, Kendu Miazaki, is focused on first building a strong brand and a cult-like following united by a shared vision before delving into other responsibilities.

“We are first and foremost a meme coin, focusing on the brand first […] You can have the best product in the world, but if nobody knows about it then… nobody knows about it, and nobody will use it,” Miazaki remarked.

Community Growth and Vision

As of when the magazine was published, Kendu boasted a following of 6,000 X users. Interestingly, the figure has soared to over 10,043 in the hours leading up to press time.

Kendu Inu uses a brand-first strategy to stand out in the already saturated memecoin space. It also aims to contribute significantly to the growth of the Shibarium ecosystem by bringing new users and ideas, which could help it achieve its vision of a billion-dollar market cap.

Currently, KENDU boasts a market cap of $203.61 million, placing it as the 2,743rd biggest crypto on CoinMarketCap. The token was priced at $0.0002048, down 9.38% over the past 24 hours. At the current price, KENDU is down 24.17% from its all-time high of $0.0002694, recorded on June 13, 2024.

Despite launching this year, KENDU has already been listed on top crypto exchanges, including LBank, BitMart, and Poloniex. Data from CoinMarketCap shows that the token’s 24-hour trading volume was down 20.24% to $4.85 million.