Quote from: poodle63 on April 02, 2024, 12:29:33 AM

Quote from: Justin999 on March 19, 2024, 08:55:55 PM

Don't have shiba token now and I don't think it could be worth again this time. Main fact is shiba is memecoin and major percentage of shares are hold by team, so they can still dump the coin badly if they need. And never expect from a memecoin that, it will always performance well like before. most of meme coins weren't worth enough while it comes to holding it for long term, although people get benefited from shiba for short term investment but i want assurance of my investment this time and market already unlocking many opportunity

never made a research about shiba but if its true that large supply being held by the team then that just means this meme coin not worth investing, most of new meme coin usually just outright allocate all the supply to the community if they don't do that most of the meme coin snipers wouldn't even bother with such coin, except there's certain little supply for getting into the exchange and then thats fine but most of the meme coin that emerges nowaday never allocate a dime even for their own devs, the devs are also buying the coin in dex or at least if there is presale all the money raised all went to the LP to give liquidity.
it just comes off as a fishy investment nowaday if a meme coin reserve supply for their devs from my experiences.
but I guess that because shiba inu was created right after doge so its not really a thing back then for meme coin to reserve all supply for all the community without exception.
personally i would refrain from investing in it and would prefer doge that at least elon say to be more decentralized than ever since all the whales seems like already dumping their bags.