RFK Jr. Supports Shiba Inu: Price Soars 23% in 24 Hours

The political surprise that triggered the bullish wave

Last week, the news arrived that no one expected: Robert F. Kennedy Jr., U.S. presidential candidate, became a public supporter of Shiba Inu. It wasn't just a like on Twitter—the guy showed up at ETHDenver 2024 wearing SHIB merchandise alongside Russ Davis from In Russ We Trust Crypto, sending a clear message: “It's Not A Meme, It's A Movement” (It's Not A Meme, It's A Movement).

Shytoshi Kusama, the lead developer of Shiba Inu, seized the opportunity and amplified it on social media on March 4th. The result was practically instant: SHIB moved up 23% in just 24 hours, reaching $0.00002614.

Numbers that speak for themselves

• Weekly: +170% profit (not counting the recent spike)
• 24h latest: +23% after the backing
• Volume: Decreased by 28%, a typical indicator that whales entered strongly.
• Liquidations: The shorts are getting burned, opening more long positions.

What's coming: More than hype?

Kusama began to drop cryptic messages—updating his status to “With new Frens” (With new friends) and mentioning meetings with “recently known associates”. The community is speculating: are important collaborations on the way? Expansion of the Shibarium ecosystem?

The interesting thing is that the developer emphasized that all this is being achieved with minimal budget and almost no traditional marketing, playing with the narrative that the true power of the project is yet to be revealed in the coming months.

The broader context

Shiba Inu is very close to entering the top 10 by market capitalization. The backing of a high-profile political figure like RFK Jr. gives it a different legitimacy than what meme coins typically receive. It's no longer just a community game—now it has U.S. politicians wearing the brand.

Is it sustainable? That remains to be seen. But in the meantime, the “SHIB Army” is celebrating and the charts look quite bullish.