Shytoshi Kusama, the mysterious leader of the Shiba Inu project, recently revealed plans to make a groundbreaking announcement. In a tweet, he mentioned his intent to focus on this milestone after taking a short break. Kusama hinted this would be the most significant announcement in SHIB’s history, creating a buzz among the community.
Kusama stated that he had recently collaborated with a Solana-based crypto project and worked closely with its chief technology officer. Following this, he plans to rest briefly before refocusing on the Shiba Inu ecosystem. He aims to strengthen SHIB and its associated tokens—BONE, LEASH, and TREAT.
New Role as SHIB Lead Ambassador
Last week, Kusama stepped down as SHIB’s lead visionary and took on the role of lead ambassador. He explained that SHIB no longer requires centralized leadership. Instead, he plans to guide and represent the project while the decentralized team continues its efforts.
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According to the Shibburn tracker, SHIB’s daily burn rate dropped by nearly 90% over the past 24 hours. Only 1,100,569 SHIB tokens were burned in a single transaction, marking a sharp decline compared to previous days. These burned tokens were permanently removed from circulation by transferring them to unspendable blockchain wallets.
SHIB Price Recovers Amid Market Volatility
SHIB, the second-largest meme cryptocurrency by market cap, experienced a notable price recovery. Its value surged by 9.31% after plunging 11.65% earlier in the week. The earlier drop mirrored Bitcoin’s trajectory, which fell below $100,000 following a massive sell-off in U.S. tech stocks.
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Bitcoin’s decline was tied to the tech stock sell-off, triggered by the emergence of China’s DeepSeek, a new AI competitor to OpenAI. DeepSeek developed advanced language models at a fraction of OpenAI’s cost, spending only $6 million. Its rapid progress sparked market uncertainty, impacting cryptocurrencies like Bitcoin and SHIB.
Kusama’s teased announcement has the SHIB community eagerly awaiting what could be a transformative moment for the project.
