Shibarium is excited to welcome the DAMN protocol, a token that has experienced an impressive 523% growth in just a few days. The community is increasingly interested in seeing DAMN listed on top exchanges. DAMN, a newly launched meme coin on the Shiba Inu Layer-2 network, has seen its price soar due to a recent burn that reduced its supply.
The Rise of DAMN
According to DexScreener, a crypto tracking website, DAMN has surged by 201% in the last 24 hours alone. This surge has pushed its price to $0.00007674 and 0.00008208 against its trading pair, WBONE. Moreover, DAMN recently reached an all-time high of $0.00009511, with a market capitalization exceeding $6.5 million.
Considering that the Shibarium meme coin hit rock bottom at $0.00001526 on Monday, its recent peak represents an astounding growth rate of 523.26% in just three days. Members of the Shiba Inu community have taken note of DAMN’s remarkable performance. Dorry, a community member, sees DAMN as the beginning of a promising J-Curve, signaling hope for the future. Additionally, LucieSHIB, a Shiba Inu content marketer, expressed surprise at DAMN’s rapid rise, highlighting its potential for significant benefits.
With two zeros eliminated, DAMN’s Twitter account jokingly suggested changing its name to @DAMNsolkiller. This tweet further emphasizes the excitement surrounding DAMN and its growth.
One of the key factors contributing to DAMN’s popularity is its innovative approach to token burning. The DAMN team has developed a system that burns BONE, the Shibarium gas token, with each transaction. This deflationary method not only reduces the circulating supply of DAMN tokens but also enhances their scarcity and value.
Woofswap, a decentralized exchange built on the Layer-2 network, introduced DAMN to Shibarium. Shortly after its public trading debut, the token attracted significant interest, surging by 39% within 24 hours and becoming a top gainer on DEXTools.
The project’s team has been actively taking steps to boost demand, including burning its liquidity pool. Woofswap confirmed in a recent post on X that the team successfully burned the LP.
Shiba Inu Community Pushes for DAMN Listing on Centralized Exchanges
Given its impressive performance, members of the Shiba Inu community are advocating for DAMN to be listed on Centralized Exchange (CEX) platforms.
Randomartz, a community member, suggests that DAMN’s over 44,000 holders each contribute 10 BONE tokens, totaling over $387,000, to support DAMN protocol’s listing on centralized exchanges. The targeted exchanges include MEXC, Gate.io, and OKX.
This development comes shortly after SHEboshi secured its first exchange listing with CoinW, a Dubai-based cryptocurrency platform, as previously reported by Crypto News Flash.
SHEboshi, a DN404 token that combines features from the ERC-20 and ERC-721 standards on Ethereum, has quickly gained attention following its listing on CoinW. The exchange began trading SHEB/USDT pairs on February 23, adding the token to its MEME & NFT trading section. Although token deposits and withdrawals were temporarily halted until February 24 for a smooth operational rollout, the platform ensured a seamless trading experience.