Shiba Inu's Shytoshi Kusama Sparks SHIB Army's Ecstatic Response

The lead developer of Shiba Inu, known under the pseudonym Shytoshi Kusama, has taken to popular social media platform X (Twitter) to publish a tweet that seems to be praising Shibarium.

Kusama did not include any text in it, except emojis and a Shibarium hashtag. Still, the community of this meme cryptocurrency reacted very enthusiastically. One of the SHIB team members, Vet Kusama, commented on that tweet, believing that Shytoshi may be up to making another major development for Shibarium.

"Something's new is cooking"

Looking at the "hundred points" symbol in the aforementioned tweet of Kusama, many Shiba Inu fans and users in the comment thread concluded that Shytoshi was praising the recent overwhelming milestone reached by the layer-2 solution of SHIB.

Within less than 24 hours, Shibarium smashed through the 100,000,000 transaction milestone. This is what seems to be the reason for Shytoshi Kusama’s festive message on Twitter.

By now, the total transaction count has surged to 104,905,881. Over the past two weeks, this key utility metric on Shibarium has been surging rapidly, hitting the five million line last week and then jumping first to 50 million and then to over 66 million transactions this week. The daily count of SHIB transfers performed on Shibarium has remained at the impressive 7,360,000 since Dec. 2 – for nearly two glorious weeks now.

The other metrics on the Shibariumscan explorer are showing high readings too – the number of connected wallets increased to 1,307,794 over the past 24 hours.

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Wed, 12/13/2023 - 10:54

SHIB 'Bonfire' Expected as 109.2 Billion SHIB Await Burning on Shibarium

Yuri Molchan

$1 million in SHIB set to be burned, Kusama excludes BONE burns

As reported by U.Today earlier, by now, 1,396,569 BONE in transfer fees have been collected on Shibarium, and this amount is about to be converted into SHIB and transferred to unspendable blockchain wallets. This BONE chunk is worth $1,028,306 and 109.2 billion SHIB, respectively.

Some users from the SHIB community suggest that not all of this should be turned into SHIB - that BONE should also be burned. However, this weekend, Shytoshi Kusama made it clear that only Shiba Inu meme coins must be burned, and not a single BONE token.

Overall, within the last 24 hours, the SHIB community managed to get rid of 4,110,761 SHIB, with the burn rate up 42.44%.