Shiba Memu, a new dog-themed memecoin, has reported strong demand for its presale, raising almost $800,000 in just nine days. A total of $798,000 worth of SHMU tokens have been purchased so far ahead of the memecoin’s official exchange launch.

The project is centred around combining AI with advanced memetics to create a token that can market itself. Throughout its presale, which lasts for eight weeks, the price of the token will increase every 24 hours, until it eventually launches on multiple exchanges. SHMU tokens are currently available to buy on the official website.

Shiba Memu aims to become the top dog by using AI to generate its own marketing, doing the work of multiple agencies in real time, and eventually becoming a crypto marketing powerhouse. Launched at $0.011125 on day one of the presale, the coin will increase in value by $0.000225 every day until launch.

From day one to day nine, the cost of SHMU tokens rose by 16.18%. There follows a 41% increase scheduled by day 21 and, at the end of the presale on day 60, the SHMU token will cost 119.3% more than the initial launch price.