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Shytoshi Kusama’s Tweets Spark Frenzy Within SHIB Community
Members of the SHIB community have been excitedly buzzing following a series of cryptic tweets from prominent figures within the Shiba Inu ecosystem. Shytoshi Kusama, the pseudonymous lead developer, recently tweeted a mysterious post signifying an emoji handshake.
Despite its simplicity, the tweet amassed over 114,000 views, prompting 469 retweets, 2,300 likes, and 21 bookmarks. Furthermore, Lucie, Shiba Inu’s leading social media marketing expert, echoed a similar sentiment with her tweet.
Alongside the “handshake” emoji, Lucie included the BONE ticker, a “palm down hand,” and a “palm up hand” emoji. This post sparked a flurry of responses within the SHIB community, with members speculating about its implications for the Bone Shibaswap token.
Some enthusiasts even predicted the BONE price to reach $100 soon. Others speculate about its potential listings, including a listing on the Binance exchange.
‘Game-Changing’ Developments For Shiba Inu In 2024
Further intensifying the anticipation, a Shiba Inu team member identified as DaVinci, who administers a Shiba Inu Discord channel, recently teased the community with promises of “game-changing developments” for the meme coin in 2024. DaVinci’s holiday message to the SHIB community hinted at an exciting year ahead, noting a palpable buzz surrounding forthcoming initiatives.
Although the administrator didn’t share specific details, DaVinci emphasized the collaborative efforts between SHIB developers and the community to push boundaries and create lasting memories for the SHIB ecosystem.
SHIB Price Dynamics
Amidst these teasers and hints, the price of SHIB has been a focal point for community members. At the time of writing, Shiba Inu trades at $0.00009618 on Coinmarketcap, down 10.66% in the last seven days but still up 13.37% over the past 30 days. Notably, the SHIB price displayed considerable volatility in mid-December, registering substantial price spikes.
The mysterious tweets, coupled with hints of significant developments in the pipeline for SHIB, have undoubtedly captured the attention of the SHIB army, igniting optimism within the community about what the future holds for this meme-inspired cryptocurrency.
Shiba Inu’s Burn Rate Soars
This marked a substantial increase in the destruction of SHIB tokens, theoretically reducing its circulating supply. Despite this unprecedented spike in token burn aimed at lowering its circulating supply and increasing its value, SHIB’s value continues to plummet, leaving investors perplexed and concerned.
The cryptocurrency market started the day on a bearish trend, with leading digital assets like Bitcoin and Ethereum experiencing price declines of 1.4% and 2.36%, respectively.
However, the optimism surrounding SHIB’s burn rate surge didn’t impact its price positively. SHIB’s price has declined by 9.57% in the last 24 hours at the time of writing.
Shibarium Interest Peaks
Meanwhile, the surge in the burn rate coincided with heightened interest in Shibarium, a layer-2 blockchain launched by Shiba Inu last year, with expectations about its impact on the growth prospects for SHIB. However, the token’s price action did not align with the increased activity on Shibarium.
Data from the Shibburn website indicate that 12.46 million SHIB tokens have been sent to dead wallets in the last 24 hours. Thus, the overall number of SHIB tokens burned stands at 410.69 trillion.
This recent burn rate surge isn’t an isolated incident. Last November, the 264.20 million tokens were sent to dead wallets within 24 hours. While increased burn rates typically imply a reduction in supply, theoretically driving up demand and prices, SHIB’s price action hasn’t reflected this theory.
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