Shytoshi Kusama Breaks Silence After 3 Weeks Burn Rate Hit Low!
The post Shytoshi Kusama Breaks Silence After 3 Weeks Burn Rate Hit Low! appeared first on Coinpedia Fintech News
Shytoshi Kusama, the leader of Shiba Inu, has been quiet for nearly three weeks. But now, hes back with a short, mysterious message, Next week lets go back to it, can we? This has made the SHIB community excited, thinking something big might be coming, maybe even a rise in SHIBs price.
But not everything is looking good. SHIBs burn rate has dropped to one of its lowest points recently.
Shytoshi Drops a Cryptic Message
Shiba Inus main developer, Shytoshi Kusama, has finally broken his silence after three weeks. He posted a short message on Telegram saying:
Next week, lets get back to it, can we?
Thats all he said, no extra info. But what caught peoples attention was the image he shared with it. It showed a mysterious hooded figure surfing a giant wave. The picture, along with his words, quickly got SHIB fans excited and curious.
Things took off when SHIBs marketing expert Lucie shared the post on X.
Look ShytoshiKusama in Shy telegram Cooking?
Her fun comment hinted that something might be happening behind the scenes. This made fans start guessing what could be coming next for SHIB.
SHIB Burn Rate Falls Sharply
The Shiba Inu community is known for regularly burning SHIB tokens to help reduce supply. But in the past 24 hours, theres been a huge slowdown. Only 847,698 SHIB tokens were burned, a drop of 98.64% compared to usual daily burns.
Thats a big change for a project where millions or even billions of tokens are often burned every single day. Meanwhile, this sudden drop has surprised many in the community.
Shiba Inu Price to Hit $0.000015 Level
In the past 24 hours, Shiba Inu price has increased by 1%, and its now trading at $0.00001176, with a market cap hitting $6.91 billion.
Looking at the daily chart, SHIB has formed a small inverse head and shoulders pattern, which is often seen as a bullish sign, meaning a possible price increase could be on the way. If buyers step in, they may push the price toward the next big target of $0.000015.
As of now, SHIB is also getting close to an important resistance zone. Bulls are trying to push the price above the 50-day simple moving average (SMA) at $0.00001279.
On the other hand, if the price faces selling pressure again, strong support is expected near the $0.00001 level.
Read more: https://coinpedia.org/news/shytoshi-kusama-breaks-silence-after-3-weeks-burn-rate-hit-low/
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
