- Shiba Inu’s (SHIB) lead developer in Japan for strategic talks on plans, including the transition of Web2 to Web3.
- The SHIB burn rate climbed by 8596%, burning over 17.71 million SHIB tokens.
Shiba Inu, a leading memecoin, has once again come to the spotlight. Shytoshi Kusama, the lead developer of the SHIB ecosystem, is currently in Kyoto, Japan, hinting at a significant moment for the project.
According to a post on X (aka Twitter), his visit isn’t just tourism, focusing on transitioning from Web2 to Web3 technologies. It signifies strategic top minds discussing pivotal initiatives for the SHIB ecosystem’s future. These conversations aim to steer Shiba Inu’s evolution towards Web3 technologies and other transformative initiatives.
Now, the SHIB army eagerly anticipates further updates regarding the engagements the Shiba Inu lead developer is pursuing in Japan.
Meanwhile, on June 2, Kronos emerged as the first US-based public company to accept Shiba Inu as a payment method, underscoring growing mainstream acceptance.
Shiba Inu’s Reaction to the Update
These recent updates come after an extended period of silence in the Shiba Inu community. This has triggered bullish reactions among Shiba Inu supporters.
Despite Shiba Inu’s price trajectory mirroring Bitcoin’s recent fluctuations, its trading volume surged by over 16% in the past 24 hours, totaling $188 million. Additionally, the SHIB burn rate unexpectedly skyrocketed by 8596%, destroying over 17.71 million SHIB tokens in the past 24 hours.
Currently, Shiba Inu is trading at $0.00001672, reflecting the ongoing dynamics in the volatile crypto landscape.
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