SHIB Team Intrigues Community with Mysterious 4-Word Tweet

The Shiba Inu community is abuzz after Lucie, the SHIB marketing lead, shared a cryptic four-word message that has left fans guessing. Known for her updates on Shiba Inu developments, Lucie’s latest tweet didn’t provide specific project details, yet it sparked positive reactions across the SHIB ecosystem. While not mentioning Shibarium directly, the tweet encouraged patience, hinting that the best days for Shiba Inu could still lie ahead.

Shibarium reaches impressive new milestones

On Friday, Lucie presented Shiba’s past accomplishments within the network, and the update gained the community’s attention. Shibarium, the dedicated layer-2 blockchain of Shiba Inu, has witnessed an incredible rise recently. Everyday transactions, for instance, increased from 127588 to 477,000 within just 3 days. The platform data from Shibariumscan show that the site was launched in August last year, and up to date, it has facilitated 435,711,744 transactions. Users on Shibarium also increased vastly within the period, with accounts rising from 127 588 on October 21 to 171 199 on October 25, a 34% spike. To calm the fans, Lucie states that the Shib crew is actively involved in the numerous projects that are going on with the Shibarium Core Team and Shibaswap right now.

Step by step

Patience

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) October 25, 2024

SHIB burn rate surges by 114%

The Shiba Inu burn rate has seen a substantial rise, as the popular tracker Shibburn reported. Over the past day, the burn rate climbed by 114%, with six transactions eliminating 9,071,593 SHIB tokens from circulation. The three largest burns involved transfers of 4,527,734, 3,577,935, and 1,918,753 SHIB, with two of these transactions reportedly initiated by the same sender. These tokens were moved to unspendable addresses, effectively reducing the SHIB supply. This uptick in burns has sparked optimism among SHIB holders, as token burns are seen as a means to drive long-term value potentially.

SHIB price experiences a sudden drop

However, there has been a significant negative indicator regarding SHIB this Friday as the price dropped. The token immediately fell 7.15%, which placed it at $0.00001656. An incredibly sharp hourly movement again resulted in a 3.56% decline. From the first fall, the Shiba Inu token has since rebounded by 2.2%, with the current price at $0.00001691 at the time of writing. This price volatility has not waned the spirit of the SHIB community, as many still show positive emotions towards the project and the future success of the Shiba Inu ecosystem. While the core development team continues working on their visions for SHIB and other anticipations, they await more announcements on Shibarium and others. Such a run indicates that the SHIB community has many factors to be excited about in the subsequent months.