Shytoshi Kusama, the enigmatic leader of the SHIB developer team, has sent the SHIB community into a frenzy with a cryptic tweet on Twitter. Sharing an anime-style GIF with the caption “MOOD,” Kusama’s tweet has sparked speculation among SHIB enthusiasts. With the Blockchain Futurist Conference in Toronto just around the corner and the anticipated launch of the Layer 2 solution Shibarium, the community believes Kusama’s tweet may connected to these events.
Interpreting the tweet as a potential reference to SHIB, its ecosystem, and the upcoming Shibarium launch, the community responded with a wave of supporting comments. Phrases like “He’s POWERING UP,” “We are ready!” and “Do it, Shy!” flooded the thread, reflecting the excitement and anticipation within the SHIB army.
At the time of writing, the Shiba Inu meme token has shown an impressive surge of over 9% in the past 24 hours and has experienced a remarkable 19.41% increase over the last week. The forthcoming release of Shibarium on mainnet has led the community to expect not only a boost in SHIB’s price but also in other Shibarium tokens such as BONE and LEASH.
BONE, the native token of the ShibaSwap DEX, will serve governance purposes and function as the gas token on Shibarium. LEASH, another important token, holds governance over community protection and exclusivity within the SHIB ecosystem.
As anticipation for the release of Shibarium grows, SHIB and its associated tokens are seeing significant price jumps. The SHIB community’s enthusiasm is evident as they gear up for potential price surges and further developments within the ecosystem.
It’s worth noting that the Shiba Inu ecosystem is also preparing to introduce other tokens, including TREAT and the stablecoin SHI. Recent efforts to combat Twitter scam accounts attempting to lure users with fake TREAT and SHI have been met with a firm response from Shytoshi Kusama, emphasizing that these tokens have not yet been launched.
While SHIB’s price experiences upward momentum, the burn rate of the token has seen a more moderate increase. Over the past 24 hours, SHIB burns have risen by 56.93%, resulting in the removal of 58,617,783 Shiba Inu coins through 17 transactions. Larger transactions have contributed to this burn, with over eight million SHIB sent to inactive wallets.
As the SHIB ecosystem continues to evolve and the community eagerly awaits developments like the Shibarium launch, the cryptocurrency world watches closely to see what exciting developments lie ahead.
