Manu SHIB is a new meme coin that has started to capture attention and support among well-known figures in the SHIB ecosystem since its launch on July 2.
A Fast Start for Manu SHIB on Ethereum
Launched just days ago, Manu SHIB has already reached a market cap of $28 million, with $1 million in trading volume. The project runs on Ethereum, which the team behind it sees as the optimal chain for meme coins despite rising competition from newer blockchains.
SHIB Community Pushes the Hype
A major reason for Manu SHIB's interest is the support it’s garnering from the SHIB community. The project was featured in a Twitter Space where the official SHIB account joined in, which attracted over 10,000 live listeners. Known community members like Xander, Ivan, and Ragnar have also shared posts about the project, boosting its visibility on platforms like CoinGecko.
Hype-Driven, No Utility – But Traders Are Watching
Zach Humphries noted in his video that Manu SHIB does not offer functional utility, it is solely driven by the meme. However, in the meme coin world, this is not always a dealbreaker. Hype, timing, and community buzz often drive prices more than any actual product.
Manu SHIB illustrates how meme coins can quickly gain popularity through community engagement and hype, even when lacking any utility features.
