Shiba

Kusama

Shiba Inu

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<p lang="en-GB" xml:lang="en-GB">According to recent data shared by the Shibburn team, within the past 24 hours, the SHIB army has transferred a massive amount of meme coins to “inferno” wallets, <a href="https://u.today/shib-burn-rate-up-162-as-price-on-verge-of-breakout">burning those SHIB</a> without a chance of recovery.</p>
<p lang="en-GB" xml:lang="en-GB">In the meantime, the SHIB price has managed to recover after yesterday’s plunge, and the mysterious SHIB lead, Shytoshi Kusama, has published a festive tweet.</p>
<h2 id="shib-burns-jump-to-flabbergasting-high">SHIB burns jump to flabbergasting high</h2>
<p lang="en-GB" xml:lang="en-GB">The above-mentioned data source has reported that since yesterday morning, the loyal SHIB community, which includes both enthusiastic individuals and legal entities, has transferred 87,760,994 SHIB to unspendable blockchain wallets.</p>
<p lang="en-GB" xml:lang="en-GB">These burns have propelled the overall SHIB burn rate to a smashing 48,554.74% increase. There have been only two burn transactions so far, and both are impressive as they carried 61,908,927 SHIB and then 25,852,066 SHIB meme coins to dead-end addresses. Both transfers took place 17 and 18 hours ago.</p>
<img alt="Tons of SHIB have been burned" data-entity-type="file" data-entity-uuid="30b557d4-c9ab-4eab-aaba-b4382bdbaf26" src="https://u.today/sites/default/files/inline-images/ShibBurnRate_9.png"><em>Image via </em><a href="https://www.shibburn.com/"><em>Shibburn</em></a>
<p lang="en-GB" xml:lang="en-GB">Earlier this week, the SHIB community also succeeded in raising the burn rate to a significant high. On April 9, the <a href="https://u.today/shib-burn-rate-skyrockets-1344-amid-significant-price-shift">burn rate soared by 1,344%</a>. Back then, however, a lot more meme coins were permanently erased from the circulating supply – 135,451,536 SHIB.</p>
<h2 id="shytoshi-kusama-working-like-a-dog">Shytoshi Kusama "working like a dog"</h2>
<p lang="en-GB" xml:lang="en-GB">The pseudonymous lead developer of Shiba Inu known as Shytoshi Kusama has taken to the X social media network to address the SHIB community after a long silence.</p>
<p lang="en-GB" xml:lang="en-GB">Kusama mentioned that he has been “pretty quietly working like a dog” and has almost forgotten to send season’s greetings to the vast SHIB community scattered around the globe. He wished everyone a Happy Easter in its multiple variations depending on the religion of those celebrating it – Passover, Eid, Gudi Padwa/Ugadi.&nbsp;</p>
<blockquote>
 <p lang="en" dir="ltr">Woof! Come say hi in Dubai. While I'm at it, since I've been pretty quiet working like a dog, HAPPY HOLIDAYS (EASTER, PASSOVER, EID, &amp; GUDI PADWA/UGADI)! <a href="https://t.co/IkngRphWxW">https://t.co/IkngRphWxW</a></p>— Shytoshi Kusama™ (@ShytoshiKusama) <a href="https://twitter.com/ShytoshiKusama/status/1778152878437228657?ref_src=twsrc%5Etfw">April 10, 2024</a>
</blockquote> 
<p lang="en-GB" xml:lang="en-GB">Besides, Kusama has invited SHIB users and builders on Shibarium to go to Dubai to attend the Blockchain Life Forum on April 16 and say "hi" to the SHIB reps there.</p>
<h2 id="shiba-inu-price-action">Shiba Inu price action</h2>
<p lang="en-GB" xml:lang="en-GB">This week, the second largest meme cryptocurrency, SHIB, has been striving to break above the $0.00002950 level but only managed to touch it twice without closing at it. Between Tuesday and Wednesday, the asset plunged by a massive 10.5%.</p>
<p lang="en-GB" xml:lang="en-GB">However, over the past 24 hours, SHIB has managed to recover half of that loss, rising by 5.85% and trading at $0.00002801 at the time of this writing.</p>

SHIB Burns Soar 48,554% As Shytoshi Kusama Makes Festive Statement

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