TL;DR
- The Shiba Inu token burn rate dropped by 91% after Shytoshi Kusama’s resignation, with only 2.6 million SHIB being removed from circulation in the last 24 hours.
- Kusama left his leadership position to focus on the global expansion of the project and the development of initiatives such as ShibOS and “44 Tenets to Triumph in Crypto.”
- Kusama’s departure has caused uncertainty, with a 9.72% drop in SHIB’s price, although activity from large investors suggests potential market adjustments.
Shiba Inu experienced a drastic reduction in its token burn rate after Shytoshi Kusama resigned as the project leader. In the last 24 hours, only 2.6 million SHIB have been removed from circulation, representing a 91% decrease compared to previous days. Kusama left his leadership position to take on a new role as an ambassador for the ecosystem.
Kusama announced his departure via X on January 26, explaining that the project no longer requires long-term planning, but rather execution and effective communication. Under his leadership, SHIB has remained among the top 20 cryptocurrencies, and the Shibarium network has reached 800 million transactions without failure. He believes these achievements fulfill the initial goals and that the next step should focus on consolidating the ecosystem.
Now, in his new role, Kusama will focus on Shiba Inu’s global expansion through strategic partnerships and the development of new technological applications. One of his most notable initiatives is ShibOS, an evolution of the “36 Chambers of Tech” concept, aimed at integrating decentralized tools into various sectors. He is also working on a personal project titled “44 Tenets to Triumph in Crypto,” which could offer insights into strategies for the cryptocurrency market.
Shiba Inu (SHIB) Drops: What Are the Whales Doing?
Kusama’s departure has caused uncertainty in the SHIB community, impacting the token’s price. In the last 24 hours, its value has dropped by 9.72%, trading at $0.00001816. However, recent movements by large investors suggest a potential market adjustment. Over the last weekend, high-volume transactions increased by 200%, rising from 1.5 to 4.3 trillion SHIB. This type of activity typically indicates that whales are adjusting their positions in response to market volatility.
Despite the decline in token burns and the market uncertainty, the network continues to show activity. The community is closely monitoring the project’s evolution and Kusama’s decisions as the Shiba Inu ecosystem adapts to this new stage.
