As a seasoned crypto investor with a knack for deciphering market signals and trends, I find myself intrigued by the recent developments surrounding Shiba Inu (SHIB). The enigmatic figure of Shytoshi Kusama has once again stirred excitement within our community, hinting at his potential attendance at TOKEN2049.
Shytoshi Kusama, the enigmatic figure behind SHIB, stirred up enthusiasm within the Shiba Inu community by posting a tweet accompanied by an intriguing image. The picture shows an individual wearing one mask, while another mask of a distinct color lies nearby on their lap.
Did Shytoshi Kusama attend TOKEN2049?
The mask you see here is similar to the one Shytoshi Kusama donned during his “meet and mingle” visits in Japan and India earlier this year, which were part of his public engagements.
In this instance, Kusama tagged his tweet with #token2049, implying that the SHIB leader was present at the well-known blockchain gathering in Singapore. Yet, he sported a Tron blockchain plastic card emblazoned with “Tron DAO,” one of the event’s sponsors. Tron’s creator, Justin Sun, was also among the participants at this conference.
#mood #Token2049
— Shytoshi Kusama™ (@ShytoshiKusama) September 19, 2024
Previously this year, Kusama participated in the annual Web3 IVS 2024 conference held in Kyoto, where he met the SHIB community. He was dressed with two masks, a hood, and a katana. Following this, Kusama along with Kaal Dhairya, the leading developer of the SHIB team, traveled to Mumbai, India, for an interview with a prominent UAE news agency. During these instances, both were seen wearing masks.
Shiba Inu price goes wild after rate cut
In the past day, there’s been a significant surge in the value of the second most popular meme-based cryptocurrency, Shiba Inu. It rose by approximately 9.35%, moving from $0.00001302 to $0.00001424.
It turned out that Shiba Inu (SHIB) displayed several large green candles on an hourly chart, following Jerome Powell’s announcement at this week’s FOMC meeting that the Federal Reserve plans to lower interest rates by 50 basis points for the first time since 2020.
In a significant surge, the top digital currency, Bitcoin, experienced an almost 5% rise over the past day, jumping around $3,000 to currently trade above $62,000. Meanwhile, Shiba Inu (SHIB) and other cryptocurrencies followed this trend.
Currently, the rate at which Shiba Inu tokens are being burned, a significant aspect of this meme currency, has experienced a tremendous surge of 281%. Over 3.2 million Shiba Inu tokens have been eliminated from circulation following the news about the reduced interest rate.
Additionally, important figures related to Shiba Inu, like its market cap and 24-hour trading volume, have experienced a significant surge during the nighttime hours.
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2024-09-19 14:49