Shrub The Hedgehog (ETH: $SHRUB) has experienced some of the biggest gains in the crypto world since it went live. The token has seen gains of over 1500 times since it went live a few weeks ago.
Shrub The Hedgehog Origin
The SHRUB meme coin is based on a Tweet by Elon Musk, in which he mentioned that he owned a pet hedgehog named Shrub. As of December 2, 2024, the tweet had 818.9K views and over 200 comments.
The team behind the meme aims to ride on Musk’s popularity in the crypto to take it to new highs. Thus far, their strategy has been successful, and the fun meme coin has taken over the crypto space.
The total supply of SHRUB is 1 billion tokens, with zero tax on transactions. Additionally, the liquidity pool contract has been burned.
SHRUB Meme Coin Takes Off
Shrub The Hedgehog (SHRUB) is one of the best-performing meme coins of December 2024. Its market cap is up 150927.1% as of December 2, 2024, with an impressive market cap of $58,031,291. It has a 24-hours trading volume of $6,469,791, and a price of $0.06119 per token. According to Etherscan data, SHRUB has 12,781 a of December 2, 2024, with over 158K token transactions since its launch.
The token is trading at a 76% discount to its all-time high of $0.2581, achieved on November 14, 2024. Since its all-time low of $0.00003059 on September 17, 2024, the token has risen an astounding 202010.8%.
Social Media Following
The SHRUB meme coin has gained a respectable following on social media; it has 7,639 followers on X and 8,092 members on Telegram.
Musk And Meme Coins
Elon Musk has been a leading voice in the crypto sector, with his company, Tesla, buying over $1 billion worth of Bitcoin. Additionally, he is a staunch supporter of the DOGE meme coin, and he recently used the acronym D.O.G.E. for a US government agency that he will be overseeing.
Any time Musk has mentioned a meme coin on his X page, it has always had a positive impact on its price. As such, it is not surprising that SHRUB is the latest beneficiary of an association with Musk. Looking at another meme coin like DOGE, it is likely that SHRUB could potentially hold on to its market cap for the long term.
Is This The Best Musk-Inspired Meme Coins
With over 150,000% gains since it went live in early November, some in the crypto world might conclude that SHRUB has achieved all it can. However, in the past, Musk-inspired meme coins have experienced cycles of gains and drops.
Shrub’s market cap of just under $60 million is modest compared to that of DOGE, which has an over $60 billion market cap. Based on these figures, it is plausible to state that SHRUB could potentially see further gains in the coming weeks. As such, adding Shrub The Hedgehog to your portfolio could potentially lead to some great gains.
Click Here For Updates on SHRUB – It’s FREE to Sign Up for Text Message Notifications!
Disclaimer: This website provides information about cryptocurrency and stock market investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for educational and informational purposes only. The owner of this website is not a registered investment advisor and does not offer investment advice. You, the reader / viewer, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.