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, Shiba Inu’s dedicated layer-2 blockchain, has witnessed an incredible rise recently. Everyday transactions, for instance, increased from 127588 to 477,000 within just three days.

Shibariumscan data shows that since its launch in August last year, the platform has facilitated 435,711,744 transactions. Users on Shibarium also increased vastly during the period, with accounts rising from 127 588 on October 21 to 171 199 on October 25, a 34% spike. Lucie reassures fans that the Shib crew is actively working on numerous projects with the Shibarium Core Team and Shibaswap.

Step by step

Patience

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) October 25, 2024

SHIB burn rate surges by 114%

The popular tracker Shibburn reported that the Shiba Inu burn rate has substantially risen. 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.

The SHIB team moved these tokens to unspendable addresses, effectively reducing the SHIB supply. This increase in burns has sparked optimism among SHIB holders, who see token burns as a potential way to drive long-term value.

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.