Top Shiba Inu Whales Have Started Investing Into This Undervalued Meme Coin Priced At Only $0.031

/Cutoshi/ – Shiba Inu had a strong performance last year, with more gains expected to come. Now, many of its biggest holders are rolling over some of their gains in a new, undervalued memecoin. Priced at just $0.031, this Ethereum-based memeFi token, Cutoshi, has a real shot at hitting $1.

Shiba Inu Sees Renewed Optimism

Shiba Inu (SHIB) remains a dominant player in the Ethereum meme coin space and is seeing an uptick in optimism. Currently trading at $0.00002417, Shiba Inu is up 8.81% over the past week. This is after the token rose 143.93% over the last year.

A combination of broader market dynamics, token burns and project developments is fueling optimism around Shiba Inu. For one, Shiba Inu was one of the big gainers after Donald Trump’s victory in November. Traders are expecting further growth ahead of Trump’s inauguration.

Token burns are also a key aspect of Shiba Inu’s price momentum. Most recently, Shiba Inu’s burn rate rose 1500%, with 33 million SHIB out of circulation just on December 3. What is more, weekly burns amounted to 44.03 million.

Traders are also excited about the latest developments in the Shiba Inu ecosystem. For one, Shibarium, Shiba Inu’s Ethereum layer 2, is gaining traction. In the last month, it broke 500 million transactions since its launch. Now, the network is gearing up for a major hard fork, to further boost its scalability.

Shiba Inu Investors Are Buying Cutoshi

While Shiba Inu is gaining traction, its whales are on the lookout for fresh projects that can give a better ROI. One of the projects benefiting from this is a MemeFi token Cutoshi (CUTO). This project is attracting SHIB whales thanks to its familiar blend of memes and utility. So far, the project already attracted more than $1.4 million in presale investments.

Like Shiba Inu, Cutoshi is a meme coin that has a strong focus on its ecosystem. With a lucky cat as its symbol, Cutoshi wants to use memes to promote decentralization in crypto. Its inspiration is the Bitcoin creator Satoshi Nakamoto, with which it shares a strong emphasis on privacy and user control.

SHIB whales are attracted to Cutoshi for several reasons. For one, Cutoshi is also Ethereum-based and whales appreciate Ethreum’s robust and decentralized ecosystem. Moreover, both Shiba Inu and Cutoshi blend memecoins with DeFi utility. Notably, Cutoshi is building a DeFi ecosystem, one completely run by its users.

The main pillar of its ecosystem will be the Cutoshi multichain DEX, enabling trading with no barriers. Cutoshi DEX will also enable self-custody for users, helping to keep their crypto secure. Finally, both SHIB and Cutoshi rely on robust token burn mechanisms. Cutoshi DEX, in particular, will continually burn a portion of CUTO it gets as trading fees.

Conclusion

Because Cutoshi is an early-stage project, Shiba Inu investors see it as an opportunity to diversify their holdings. Because the project still has a relatively small market cap, it has a real chance of going from its presale price of $0.031 to $1. This is an attractive investment for whales that already made substantial gains on SHIB.

For more information on the Cutoshi (CUTO) Presale: Website.

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