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Shiba Inu Lead Developer Aims for Drastic 99.9% Token Burn, Community Reacts Positively
Shiba Inu

Shiba Inu Lead Developer Aims for Drastic 99.9% Token Burn, Community Reacts Positively

In a surprising turn of events, Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, has made a bold statement about the potential reduction of Shiba Inu's (SHIB) circulating supply. Kusama suggested that reducing the circulating supply to just 0.1% of its current amount is a feasible goal, sparking excitement and optimism within the Shiba Inu community. https://twitter.com/Ksaynak16/status/1738541708734804200?s=20 Read Also: Shiba Inu Team Burns 33.8 Billion SHIB Tokens in December, Promising Continued Reduction in Supply Shiba Inu Circulating supply to be reduced to 0.1%. The announcement came in response to a critic's sarcastic suggestion that Kusama should burn 99.9% of SHIB tokens using the fees generated from Shibarium transactions. The critic had labelled the Shib...
Shiba Inu (SHIB) Price Analysis: Positive Trends, Market Performance, and Unrealistic $1 Target
Terra Classic (LUNC)

Shiba Inu (SHIB) Price Analysis: Positive Trends, Market Performance, and Unrealistic $1 Target

In recent days, Shiba Inu (SHIB) has maintained its position in the crypto market, currently priced at $0.00001042 with a trading volume of $237.87 million in the last 24 hours. The token's market cap stands at $6.14 billion, representing a 0.38% market dominance and a 5.87% increase in the past day. Shiba Inu's highest recorded price was on October 28, 2021, at $0.00008819, while the lowest was on November 28, 2020, at $0.000105637. Despite reaching an all-time high, the price dropped to $0.00005603, and the highest since then is $0.00001179. The current sentiment for SHIB is bullish, with a Fear & Greed Index reading of 73 (Greed). Read Also: Terra (LUNA) Surges into Top 100 Cryptos and Pullix (PLX) Presale Gains Momentum: A Comprehensive Overview" In terms of market cap ran...
Shiba Inu’s Principal Developer Unveils Bold Plans for Massive SHIB Token Combustion and Global Expansion
Shiba Inu

Shiba Inu’s Principal Developer Unveils Bold Plans for Massive SHIB Token Combustion and Global Expansion

In a surprising turn of events, Shytoshi Kusama, an anonymous participant claiming to be the principal developer of Shiba Inu, has entered the discourse regarding the impending combustion of billions of SHIB tokens. Kusama, whose identity is veiled in anonymity, provided additional details about an upcoming Shiba Inu announcement that has captured the attention of the SHIB community. Read Also: LUNC Poised for Extraordinary Growth: Bull Run Sparks Excitement Among Investors Token Combustion Details According to Kusama, a significant quantity of SHIB is already undergoing combustion, and he emphasized the necessity of "toasting Shibarium transactions." The developer affirmed that this combustion process involves billions of SHIB tokens. Kusama believes that this burning process will im...
Anonymous Whale’s $42 Million Shiba Inu (SHIB) Purchase Fuels Speculation Amid Upcoming Shibarium Token Burns
Shiba Inu

Anonymous Whale’s $42 Million Shiba Inu (SHIB) Purchase Fuels Speculation Amid Upcoming Shibarium Token Burns

In a noteworthy development, an anonymous investor has recently acquired a staggering 4 trillion Shiba Inu (SHIB) tokens in a direct wallet-to-wallet transaction, bypassing traditional cryptocurrency exchanges. With a valuation of $42 million, this purchase stands as the largest individual SHIB acquisition recorded in December. The transaction was first reported by Whale Alert, a cryptocurrency wallet tracker, on X (formerly Twitter). The implications of this substantial move are amplified by the Shiba Inu team's recent announcement regarding Shibarium, their layer two network, initiating SHIB token burns starting January 2024. https://twitter.com/whale_alert/status/1734153120349814802 Direct Wallet Transaction and Strategic Implications The anonymous whale's decision to conduct the t...
Shiba Inu Hits Milestone with First Shibarium-Powered SHIB Burn, Fueling Speculation of Massive Monthly Burns
Shiba Inu

Shiba Inu Hits Milestone with First Shibarium-Powered SHIB Burn, Fueling Speculation of Massive Monthly Burns

In a significant milestone for the Shiba Inu cryptocurrency, the project's team executed its first-ever SHIB burn powered by Shibarium, the coin's Layer 2 (L2) scaling solution. The burn saw 8.24 billion SHIB tokens incinerated, amounting to $75,412 and marking a substantial increase in Shiba Inu's burn rate, now standing at an impressive 1548111.1%. The decision to conduct the Shibarium-powered burn followed a notable surge in the network's daily transactions. Shibarium, Shiba Inu's L2 scaling solution, has been processing over 5 million transactions daily since December 1. The surge reached a peak on December 3, with a staggering 7.84 million daily transactions, according to data from Shibariumscan. As of the latest update, the daily transaction count reached 7.86 million, contributin...
BitTrade Expands Lending Services to Include SHIB and XRP Amid Rising Demand
Cryptocurrency

BitTrade Expands Lending Services to Include SHIB and XRP Amid Rising Demand

In a recent announcement, BitTrade, a prominent Japanese cryptocurrency exchange, has unveiled its decision to add support for Shiba Inu (SHIB) and Ripple (XRP) on its lending platform. The move comes as a response to the increasing popularity of these assets and the growing demand from the vibrant communities surrounding SHIB and XRP. BitTrade has initiated the recruitment of rentable crypto assets for SHIB and XRP, allowing users to participate in the lending program. The exchange has set a loan period of 90 days for each asset, offering a fixed annual rate of 2%. Notably, this strategic move follows BitTrade's previous support for spot trading of SHIB and XRP, showcasing its commitment to these digital assets. Read Also: Terra Classic Community Calls on Amazon to Embrace LUNC, Ter...
Shiba Inu’s Shiboshis Make a Splash in New York City, but Challenges Persist
Shiba Inu

Shiba Inu’s Shiboshis Make a Splash in New York City, but Challenges Persist

In an exciting development shared on the X platform, Shiba Inu's marketing specialist, Lucie, revealed a captivating video showcasing various Shiboshis on a massive billboard in the heart of New York City (NYC). Lucie captioned the footage with a "heart hands" emoji, signifying the community's affection for these unique digital collectibles. Notably, this exciting news was initially shared by ElSende, a dedicated Shiba Inu community member with a mission to expand Shiboshis' reach to a broader audience. https://twitter.com/LucieSHIB/status/1721698463656624430 The update sparked a flurry of reactions among Shiba Inu enthusiasts, with many users expressing their enthusiasm with rocket emojis. This move to display Shiboshis in the heart of NYC is seen as a strategic step to draw more at...
Shiba Inu Community Rallies as Metaverse Advisor Challenges Web3 Loyalty
Shiba Inu

Shiba Inu Community Rallies as Metaverse Advisor Challenges Web3 Loyalty

In a recent development in the cryptocurrency world, Marcie Jastrow, the Shiba Inu metaverse advisor, has issued a challenge to the Shiba Inu community, asserting that they possess the strongest and most loyal community in the Web3 space. This challenge has garnered significant attention and support from Shiba Inu enthusiasts, including notable figures such as Kusama, further emphasizing the unity and commitment of the SHIB Army. Read Also: Can 1 BIG PUMP can change everything in the LUNC network? https://twitter.com/ShytoshiKusama/status/1710326450853687422 The Challenge: Proving the Strength of the SHIBA INU Community Marcie Jastrow, known for her role as the Shiba Inu metaverse advisor, took to Twitter to put forward a unique challenge to the Shiba Inu community. In her tweet, s...
Shibarium, Shiba Inu’s Layer-2 Blockchain, Achieves Milestones Amid Market Challenges
Shiba Inu

Shibarium, Shiba Inu’s Layer-2 Blockchain, Achieves Milestones Amid Market Challenges

In a cryptocurrency landscape marked by volatility and uncertainty, Shibarium, Shiba Inu's Layer-2 blockchain, continues to demonstrate resilience and growth. The network has recently achieved notable milestones despite the prevailing bear cycle. At the time of writing, Shibarium is on the verge of hitting 3.3 million transactions, a significant achievement considering it reached the 3 million transaction mark just nine days prior on September 22. This suggests that the network processed approximately 283,364 transactions during this short period, indicating a slightly reduced transaction rate compared to the mid-September surge when over 560,000 transactions were processed in just 72 hours. Read Also: CREMATLUNC Deployment Delayed, but Normal Operations to Resume Soon One noticea...
Shiba Inu’s Path to Monumental Price Milestones: Can It Reach $0.001, $0.01, $0.1, and $1?
Shiba Inu

Shiba Inu’s Path to Monumental Price Milestones: Can It Reach $0.001, $0.01, $0.1, and $1?

In the midst of ongoing market uncertainty, investors are closely watching Shiba Inu (SHIB), a cryptocurrency that has gained significant attention for its rapid price movements. The burning question on many investors' minds is whether SHIB can achieve substantial price milestones, including $0.001, $0.01, $0.1, and the ambitious $1 mark. Read Also: Shibarium ID to Launch Next Month, Pioneering Web3 Domain Trading on Shibarium Network Current State of Shiba Inu As of press time, Shiba Inu is trading at $0.000007331, setting the baseline for its monumental ascent. This current price indicates that SHIB would need to undergo substantial price surges to reach its predetermined targets. Price Milestones and Implications $0.001 For SHIB to reach $0.001, it must embark on a staggering ...