Shiba Inu Lead Developer, Shytoshi Kusama has made a mysterious announcement, promising SHIB community members exciting news that could take the meme-based token to a new innovative direction.
Shiba Inu Lead Dev Teases Radical Developments In a cryptic revelation that has sent the SHIB community buzzing, Shytoshi Kusama, the Lead developer of Shiba Inu, a doggy-themed cryptocurrency, has unveiled plans for a “game-changing” announcement. The declaration was made via SHIB’s official telegram account and a screenshot of Kusama’s statement was posted by Shiba Inu’s marketing lead, Lucie on X (formerly Twitter).
“I have such a game-changing announcement in the works. I will lose my shit if people FUD it,” Kusama stated in the screenshot.
Kusama is typically known for providing cryptic messages to the SHIB community before unveiling an innovative project aimed at improving the Shiba Inu ecosystem.
There have been many successful projects running in the SHIB ecosystem, including the Shibarium network which has recorded some of the highest transaction volumes lately. Additionally, there is the SHIB magazine which was launched in November and provides insightful updates on the ecosystem.
So far, many community members and SHIB influencers have taken Kusama’s news in a positive light and are looking forward to the potentially innovative developments in the SHIB ecosystem.
SHIB community members Digarch and Sand SHIBArmy have displayed their enthusiasm for Kusama’s reveal, declaring how excited and optimistic they are about the upcoming unveiling. Kusama himself has expressed his opinion on the reveal, stating how disappointed he would be if people spread negative opinions about it.
SHIB price struggles with bear pressure | Source: SHIBUSD on Tradingview.com SHIB Prices On A Potential Recovery Trend The overall excitement surrounding the potential crypto bull run in 2024 has made many crypto analysts predict steady price increases for key altcoins. Despite the sentiment, the price of the SHIB token experienced a few minor declines and has been on a downward trend.
Presently, with the recent developments growing in the Shiba Inu ecosystem, the price of SHIB has seen a slight increase and appears to be getting ready for a recovery phase. The cryptocurrency has been recording double-digit gains for two weeks in a row and the profitability level of the token has risen to 37% after increasing from $0.000007 to $0.00001 in just a month.
Furthermore, there have been significant activities surrounding the doggy-themed token recently. However, despite the minor gains the cryptocurrency made earlier, the price of the token is currently down by 1.72% and at the time of writing is trading at $0.000009545 according to CoinMarketCap.
An anonymous Shiba Inu Whale has recently purchased approximately four trillion SHIB tokens worth $40 million. The purchase is by far the highest SHIB acquisition made in December and there have been no official reports for the motivation behind the large-scale purchase or its potential impact on the price of SHIB.
Featured image from U.Today, chart from Tradingview.com
Sign Up for Our Newsletter! For updates and exclusive offers enter your email.
Scott Matherson Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.