SHY Token Builds Momentum on Solana
SHY token, linked to Shytoshi Kusama of the Shiba Inu project, has been drawing attention across the Solana ecosystem. While it isn’t brand new, recent activity and updates from key figures have sparked fresh discussion. Traders and supporters alike are weighing whether SHY is headed for a bullish rise or a pullback.
The token was created with Kusama’s backing, although he remains behind a pseudonym. As the lead developer and co-founder of Shiba Inu (SHIB), his involvement alone adds credibility to SHY in the eyes of many. And now that the project is evolving on Solana’s high-speed blockchain, the interest around it has grown.
At the time of writing, SHY was trading at US$0.004241, with a near 2% gain for the day. However, trading volume had dropped by over 3%, a contrast that highlights mixed short-term sentiment.
Image 1: SHIB (Source: Yahoo Finance)
Lucie Outlines SHY’s Strengths
Lucie, the marketing lead for SHIB, recently took to her X page to highlight what she sees as SHY’s strongest points. According to her, SHY is built for the future. She stressed that there were no venture capital investments, no founder allocations, and no private sales. In her view, that makes SHY truly decentralised and driven purely by its community.
Lucie added that Shytoshi Kusama burned 50% of the token’s supply after launch. She described this move as a sign of real commitment, saying it showed that the SHIB leader isn’t just giving the project a passing nod.
She also emphasised that the entire supply is now in the hands of the public. There were no early deals or presales, which reduces the risk of sudden large sell-offs. Instead, the token’s value is meant to grow with genuine support and usage.
Running on Solana, SHY benefits from low fees and rapid transaction speeds. Lucie believes this makes it ideal for applications like gaming, NFTs, and other Web3 tools that demand speed and scale.
She also said that liquidity was improving steadily. Trading pairs on Solana-based platforms such as Raydium and Meteora are attracting more users. Lucie pointed out that larger investors, sometimes referred to as “whales,” have started watching the token’s movements.
Although development is mostly happening behind the scenes, Lucie revealed that a game is being built around SHY. While she didn’t give away details, she hinted that it will play a role in the token’s utility. Her advice to followers was simple: those who get in early may benefit more than those who wait.
Lucie also wanted to make it clear that SHY isn’t an influencer-driven pump-and-dump. Instead, she described it as a project that thrives on creativity, with memes, art, and committed supporters driving engagement.
Social activity around SHY has been growing as well. Lucie noted increased participation on platforms like Telegram and X, where AMAs, community content, and meme sharing have become regular.
On-chain data, she added, shows genuine usage. The number of wallets is increasing, and volume figures appear organic, without signs of artificial inflation. According to Lucie, all of this means SHY is still at an early stage, with room for major growth. With a current market cap around US$2 million, she hinted that the project could become one of Solana’s standout tokens.
Image 2: SHIB ecosystem (Source: CoinGape)
Kusama Issues Challenge to Community
In a rare update shared on 28 January, Shytoshi Kusama addressed SHY holders directly. He explained that the project aims to stand out as the strongest community token on Solana, a space that has seen its share of scams and failed promises.
To support that vision, Kusama proposed a challenge: he asked the SHY community to create a tabletop card game within seven days. This included planning, funding, development, and finding a path to distribution. His goal was to show what a decentralised, passionate group could achieve on a tight timeline.
He also noted that revenue from such a game could support the token itself, through actions like buybacks or marketing. A popular game, according to Kusama, could even claim a portion of the multi-billion-dollar tabletop card game market.
A user recently revealed a large purchase of SHY—20 SOL worth—from a wallet believed to belong to a whale investor.
Someone just bought 20 Sol of $Shy from a Millionaire wallet. BIG WHALES know something?
This is your last chance to join @ShyonSolana pic.twitter.com/UEwWmEIOxZ— Frank$Shy (@FrankShy9) June 1, 2025
Still, online enthusiasm has continued to build. A user shared bold forecasts, including predictions of SHY reaching US$10, though such claims remain speculative.
For now, the question remains open: will SHY move upward with lasting strength, or is the recent energy just a short-term wave? The coming weeks may offer a clearer answer as the card game project takes shape and SHY’s ecosystem continues to grow.
