As CriptoNoticias reported days ago, Shrub (SHRUB) is a meme cryptoactive (or memecoin) that “inhabits” the Ethereum network.
This token It is inspired by Shrub, who is one of the pets of Elon Musk, owner of Tesla, X and SpaceX, among other companies.
The real Shrub is a hedgehog about which the businessman has spoken in some publications on X.
In addition, there are rumors and indications that this hedgehog could become (or even already be) the official mascot of Tesla.
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On Saturday, December 7, this information portal showed that the number of SHRUB token holders (or, more precisely, the number of Ethereum wallets with a SHRUB balance greater than zero) was approximately 12,000.
At the time of this publication, as far as possible be verified in block explorers or on-chain price tracking pages, such as DexTools, There are 13,290 wallets that have SHRUB. This represents an increase of 10.75% in just 48 hours.
Data about SHRUB in Dextools. Source: Dextools.
SHRUB price has also been on the rise over the weekend. While on Saturday morning each SHRUB was trading on Uniswap (and some centralized exchanges) for $0.053, in the evening of the same day its price reached $0.085. The rise to that peak was 60%.
At the time of this publication, as can be seen in the image below, SHRUB is trading at $0.071.
SHRUB price from November 1st. Source: DexTools.
Why is SHRUB price rising?
Several factors combine to drive this rise. But, without a doubt, the main one was the fact that the Elon Musk interacted with an X account showing a photo from Tesla’s website showing a hedgehog.
Is SHRUB the official mascot of Tesla? So it seems. Source: X screenshot.
The apparently legitimate photograph shows the Tesla platform confirming to a customer that her purchase order for a Model X was successful. Right there you see a hedgehog saying “haha, yes!”
Secondarily the rise of SHRUB has also been influenced by the fact that the token arrives in the Pixelverse metaverse.
«We are excited to announce that Shrub, Elon Musk’s pet hedgehog 🦔 and Tesla mascot, is now part of the Pixelverse gaming ecosystem! 🎮», public in X the official account of that metaverse.
Pixelverse’s X account is followed by almost 3 million people. Many of them probably learned yesterday, at the time of publication, of the existence of a token called SHRUB.
The hope of the holders: a word from Elon Musk
Among the 13,290 SHRUB holders there is a feeling that unites this community: the expectation that Elon Musk will, at some point soon, give a public signal that mentions, displays or even elevates the status of his pet Shrub.
It doesn’t matter if it’s a casual post on Any action by the tycoon has the potential to be a gigantic catalyst for the token.
In the world of memecoinsthis type of narrative is not new. We saw it with dogecoin (DOGE), a Cryptocurrency that was born in 2013 as a satire of the Altcoin market but, years later, reached an explosive boom thanks to Musk’s public support. A simple tweet from the businessman was enough to generate double-digit price increases in a matter of hours. The lesson for SHRUB investors is clear: a nod from Musk can be pure gold in this market (also, any news that is considered negative could cause the price of SHRUB to plummet in a matter of seconds).
The thing is that memecoins are a distorted mirror of the traditional financial market. In a space dominated by complex charts, fundamental analysis, and macroeconomic-based projections, memecoins introduce an element that traditional markets rarely face: absurdity. They are assets that, at first glance, have no reason to exist, but that have demonstrated an astonishing ability to capture the imagination (and dollars) of millions of people.
Why are memecoins successful? Because they are explicitly absurd
In this context, there is something peculiarly sincere about memecoins. Unlike many “serious” cryptocurrencieswhich promise to revolutionize entire industries with disruptive technologies, the memecoins They don’t try to disguise themselves as what they are..
SHRUB, for example, is not intended to be a solution for global problems or a smart contract platform. It’s simply a joke that has come to life thanks to its community.
This honesty contrasts with the flaws of many more ambitious projects. From grandiloquent beginnings to resounding collapses, The market is full of examples of cryptocurrencies that promised to change the world, but ended up being traps for investors. unprepared How many times have we heard that a new token would be “the next Bitcoin” or “the improved Ethereum,” only to see it disappear from the map months later?
Memecoins, at least, do not pretend to be anything else. They are what they are: jokes that, under the right circumstances, can become financial phenomena. And while many may (rightly) criticize them for their lack of substance, there is something refreshing about their lack of pretensions.
Clarification: This article is written for informational purposes. It is not financial advice or an investment recommendation. Each investor is responsible for conducting his or her own research.
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