Shiba Inu Knockoff Makes its Case

Shiba Inu and Dogecoin knockoffs have taken the market by storm in recent months, and these tokens seem to come out of the woodwork with a new agenda that seems to diverge even more from the last. With Shiba Inu and Dogecoin slumping, a knockoff known as Shiba Toby is making massive gains. This token calls Shiba Inu the “Meme Father,” and it has gained almost 900% in the past 24 hours. The token has gained about the same amount against Bitcoin and Ethereum, and it has been surging since it debuted. In the past week, it’s gained almost 600% and more than 100% in the past 30 days. The project behind Shiba Toby says that it is a token on the Binance Smart Chain, indicating that it is a game in beta testing that will allow players to earn Shiba Toby as they play. The token also plans to release an NFT collection to further expand its sphere of influence. At press time, Shiba Toby was up almost 300%, trading at a fraction of a penny on a massive increase in volume and a flat market cap.