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Shiba Inu Lead Shytoshi Kusama Reveals Future Plans and Teases Major Announcement

Shytoshi Kusama shares updates on SHIB, upcoming announcements, and the current state of the SHIB ecosystem.
Published on 2025-01-28

Shiba Inu Lead Shytoshi Kusama Reveals Future Plans

Shytoshi Kusama, the enigmatic leader of the Shiba Inu project, has shared his plans for the future. After taking a brief rest, Kusama intends to refocus on SHIB and its ecosystem tokens, including BONE, LEASH, and TREAT. Additionally, he and his team are preparing for what he describes as the "biggest announcement" in SHIB's history.

Kusama recently stepped down as the lead visionary of SHIB but has taken on the role of SHIB lead ambassador, as the project no longer requires direct leadership.

SHIB Burn Rate Plummets

The SHIB burn rate has seen a significant decline over the past 24 hours, dropping nearly 90% compared to the previous day. According to Shibburn data, only 1,100,569 SHIB tokens were burned in a single transaction, a stark contrast to recent burn rates.

SHIB Price Shows Recovery

Despite the decline in burn rate, SHIB has shown resilience, with its price increasing by 9.31% over the past day. This recovery follows a sharp 11.65% drop on Monday, which mirrored Bitcoin's price movement.

Bitcoin and Market Volatility

Bitcoin's recent plunge below $100,000 was heavily influenced by the sell-off of major U.S. tech stocks. This sell-off was triggered by the emergence of DeepSeek, a new AI company in China, which has positioned itself as a rival to OpenAI. DeepSeek's language models are reportedly developed at a fraction of the cost and speed of OpenAI, with a total investment of just $6 million.

The correlation between Bitcoin and U.S. tech stocks continues to impact the cryptocurrency market, as seen in the recent price fluctuations.

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