SHIB Devs Super Busy: Shiba Inu Team Reveals – Something Cooking?

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As a researcher with a background in cryptocurrency and blockchain technology, I’m always keeping an eye on the latest developments within the community. And today, I’m excited to share some intriguing updates about Shiba Inu (SHIB), one of the most talked-about projects in the space.

A well-known figure in the cryptocurrency world, Lucie from the Shiba Inu marketing team, shares updates on the active development efforts of the SHIB team, shedding light on their upcoming strategies.

As a crypto investor following Lucie’s updates, I picked up on her recent tweet where she shared that these days have been particularly hectic for the Shiba Inu team. She specifically highlighted the lead developer Shytoshi Kusama and the principal SHIB developer Kaal Dhairya, who have been working alongside other developers to tackle a multitude of projects.

As an analyst, I’ve had the privilege of encountering many dedicated individuals throughout my career. Among them, these two stand out as the most tenacious I have come across. Lucie expressed her conviction of this in a recent tweet, emphasizing their eagerness for any support the SHIB community could offer on social media.

Current scenario: The developers are dealing with an incredibly hectic workload these days. If you have a moment, any words of support from you would be greatly appreciated by @shytoshikusama and @kaaldhairya. I’ve seen few people as dedicated as them, even if they may not always show it, they value every expression of encouragement.— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) July 9, 2024

Shytoshi Kusama reveals SHIB‘s long-term plans

Shytoshi Kusama, head of SHIB, has announced via tweet that following the recent formation of key partnerships like Zama.ai, the SHIB team is now actively working on finalizing additional significant collaborations. Their aim is to fully unleash the potential of the system they have constructed.

In his extensive X post, I noted that our team intends to unveil two upcoming tokens based on Ryoshi’s blueprint: TREAT and SHI stablecoin. While LEASH embodies exclusivity and BONE is centered around Shibarium’s technological aspects, including its role as the gas token for SHIB‘s layer-2 solution, I emphasized that TREAT serves as the key to unlocking advanced features within our system.

As a analyst, I’d summarize our previous discussion about Shibtoken, Treats for Shib, and Kyoto Protocol in India under the IVS framework. Moving forward, let’s focus on implementing the learnings from this analysis to maximize potential benefits. #India #Kyoto #IVS #Shibtoken #TreatsforShib

— Shytoshi Kusama™ (@ShytoshiKusama) July 9, 2024

After attending the IVS 2024 conference in Kyoto, Japan, I was charmed by the city’s unique charm and decided to extend my stay for a few extra days. The warm welcome I received from the event organizers only solidified my decision.

SHIB burns soar almost 500%

The Shibburn explorer reveals that the Shiba Inu burn rate, a significant indicator within the SHIB community, has experienced a substantial surge over the past 24 hours. This increase amounts to approximately 440%.

Approximately 6,206,041 SHIB meme coins were moved to unreachable wallets on the blockchain in a series of seven transactions, regardless of their size.

In simpler terms, two large transactions worth 1,880,877 and 2,479,607 SHIB tokens were sent to burn wallets from a single address on the SHIB token blockchain. These tokens were effectively removed from circulation by being transferred to these dead-end wallets.

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2024-07-09 16:45