Shytoshi Kusama Excites SHIB Army with “Bullish and Cute” Tweet

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As a seasoned researcher with a keen eye for detail and a knack for deciphering market trends, I find myself intrigued by the recent developments surrounding Ethereum and its co-founder Vitalik Buterin. The intertwining of personal life events with the performance of a major cryptocurrency is an interesting phenomenon that I’ve rarely encountered in my career.

A puzzling Shiba Inu (Shytoshi Kusama’s account) posted a tweet in response to the latest buzz circulating within the crypto world, specifically concerning Ethereum co-creator and figurehead Vitalik Buterin.

Many consider this development as a positive sign for Ethereum and the multitude of cryptocurrencies born from its platform, such as Shiba Inu, suggesting a potential surge in value.

Vitalik “bullish and cute” tweet from Kusama

Shytoshi Kusama reshared a post from another user, which featured a positive (bullish) message along with a picture of Vitalik Buterin and his recent partner, that has been widely discussed on social media platforms such as X within the last few weeks.

In a retweet, the SHIB enthusiast appended his comment, stating that the situation is not just optimistic, but “both optimistic and adorable.” Here, the term “optimistic” indicates that there’s a growing belief that the price of Ethereum might soon begin to rise.

It’s clear that when Vitalik ended his relationship in April 2023, this event seemed to correspond with Ethereum experiencing a 10% drop and hitting an all-time low of $2,000 since several months prior.

Bullish and cute

— Shytoshi Kusama™ (@ShytoshiKusama) August 7, 2024

Current Ethereum price performance

The SHIB community expressed their enthusiasm through numerous optimistic tweets. Furthermore, many concurred that the positive developments in his personal life might lead to a bullish trend, potentially boosting both Ethereum and Shiba Inu.

As an analyst, I observed a significant drop in the value of Ethereum, starting from Sunday and peaking on Monday. The second-largest cryptocurrency plunged nearly 24%, reaching a low of $2,423 on Monday. After this massive decline, there was a modest recovery of approximately 13.67% that lasted until Wednesday. However, Ethereum has since experienced another drop and is currently being traded at $2,425.

Vitalik Buterin moves 3,000 ETH

3 days past, @lookonchain shared that a wallet linked to Vitalik Buterin (Vb3) moved approximately 3,000 ETH, equivalent to around $7 million, to the vitalik.eth address. Currently, this destination wallet holds approximately 245,223 ETH.

As someone who has been closely following the cryptocurrency market for several years now, I have noticed that Vitalik Buterin, the co-founder of Ethereum, seems to be making subtle adjustments to his ETH holdings recently. On the other hand, Justin Sun, the founder of Tron, has been steadily accumulating this coin since the beginning of the year. There have been whispers in the crypto community about him potentially starting to sell off his ETH holdings. As a seasoned investor, I always keep a close eye on such movements and try to make informed decisions based on these trends. It will be interesting to see how this plays out in the coming weeks and months.

Vitalik Buterin’s wallet “Vb 3” transferred 3,000 ETH ($7 million) to his address vitalik.eth three hours ago. At present, vitalik.eth holds approximately 245,223 ETH ($571.72 million).— Lookonchain (@lookonchain) August 5, 2024

Despite this, Sun utilized X as a rebuttal to counter such claims. Verified data from @spotonchain’s on-chain tracker showed that he had not offloaded any ETH in recent times. In fact, since February, Sun amassed approximately 377,590 ETH. Prior to the market crash, his ETH holdings were estimated to be worth a staggering $1.15 billion.

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2024-08-08 11:19