SHIB has grown to a market cap of over $14 billion on Ethereum, briefly holding the #10 ranking for market cap. We’ve watched pSHIB quietly grow from a $100 million market cap, now approaching $150 million on PulseChain over the last couple of months.
We’re viewing this as a second chance. While we focus on burning the enormous supply of SHIB on Ethereum, the community can unite to burn a significant amount of pSHIB on PulseChain for free. The price is still very low, making it an excellent opportunity to scoop up more tokens. Our strategy is to use burns as a marketing tool, aiming for a 1,000,000% increase in pSHIB value, similar to SHIB’s previous run. However, this requires active participation. It can happen as it’s been done before; the question is, how badly do we want it?
If you held SHIB tokens or any other ETH-based coins or tokens in a non-custodial wallet on May 10, 2023, your entire ETH Network wallet was duplicated and is now sitting on PulseChain. Accessing them is as simple as adding the PulseChain network to your wallet. You’ll most likely need to import pSHIB to see your balance in your wallet. Any Ethereum token you held in a non-custodial wallet was duplicated, including SHIB. This even includes the dead wallet where Vitalik burned a significant amount of SHIB. While these duplicated tokens currently hold low value, they provide a massive opportunity for burns since they were 100% free. You can easily check what’s sitting in your PulseChain wallet using the PulseChain Balance Checker. Simply paste in your public Ethereum wallet address to see what tokens were airdropped and their current value.
Imagine this: Coinbase and other centralized exchanges like Crypto.com, which held SHIB tokens, were airdropped pSHIB tokens on PulseChain, including customers’ pSHIB on May 10, 2023. ShibArmy members paid for those SHIB tokens on these exchanges, meaning they now hold billions, if not trillions, in pSHIB customer funds. These exchanges also held a substantial amount of SHIB tokens to cover customer purchases. What if the community rallied together to ask these exchanges to burn customer pSHIB tokens and list the ones they hold, making pSHIB available on each exchange? That’s a significant amount of potential revenue from customer transactions.
What if the entire MEME community rallied united on PulseChain with their PulseChain copies? Bridging all or a portion of their ETH-based tokens that were copied to provide liquidity for the PulseChain copies. Most likely, you’re not going to need but a small percentage of your SHIB or any other tokens to pair with your PulseChain copied tokens, leaving the majority of your tokens to HODL or trade. PulseChain gas fees are near a penny per swap, and who knows where the ETH gas fees will be when you’re ready to take some profit?
