The meme coin Shiba Inu has temporarily lost its position as the second-biggest meme coin to TRUMP, a newly launched meme-based token associated with Donald Trump. TRUMP quickly gained attention, with a high number of buyers and a market cap surpassing Shiba Inu. However, TRUMP experienced a significant price crash and lost its position to Shiba Inu again. The competition between the two tokens remains intense, and the outcome is yet to be determined. As Donald Trump's inauguration as the 47th US President approaches, industry stakeholders anticipate his administration to be more favorable to cryptocurrencies. Shytoshi Kusama, the lead developer for Shiba Inu, believes the utility of Shiba Inu will lead to long-term success, suggesting upcoming developments to showcase its capabilities.



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