Shiba Inu’s (SHIB) meme token has seen an impressive rise over the weekend and has become the second most popular cryptocurrency according to CoinMarketCap's trending scale. This surge can be attributed to the lead of the project, Shytoshi Kusama, taking potentially influential actions like teasing progress in the development of the mainnet Shibarium, as well as sending out holiday greetings for Easter. Additionally, the launch of their testnet, called Puppynet, on March 11, was also met with enthusiasm from crypto investors, eventually leading to the burn rate on Easter Sunday soaring 1.9 million percent in only 24 hours. Such news has been in a ripple-effect with the Dogecoin (DOGE) community, especially after Tesla’s founder and CEO, Elon Musk, gave out his Easter greetings on Twitter. All of these events, while the cryptosphere continues to wait in anticipation of the rise of DeFi protocols, may have greatly appealed to potential investors and raised the overall sentiment around cryptocurrencies, leading to SHIB taking the second place in trending digital currencies and an overall optimistic outlook for the days to come.



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