The Shiba Inu community has been witnessing significant transfers of SHIB meme coins to dead-end wallets, leading to a staggering total of 1,653,845,435 SHIB locked away.
Daily burn rates have been fluctuating, but a remarkable 1,800% surge on June 30 caught the attention of many.
Cryptic tweets from the lead developer, Shytoshi Kusama, have sparked speculation within the community, hinting at potential partnerships and a move outside the USA.
Additionally, talks of the SHIB team’s participation in the ETHToronto conference and the launch of Shibarium in Canada have piqued the interest of investors and enthusiasts alike.
Daily SHIB Burns and Fluctuations:
The Shiba Inu community has been actively burning SHIB meme coins by transferring them to dead-end wallets. While the total number of locked coins has reached an impressive 1,653,845,435 SHIB, daily burn rates have experienced fluctuations, sometimes resulting in losses.
However, the recent surge on June 30 saw a staggering 1,800% increase as 50,258,924 SHIB were locked away in unspendable addresses. These fluctuations have kept the community on their toes, closely monitoring the burn rates for potential developments.
Cryptic Tweets from Shytoshi Kusama:
Shytoshi Kusama, the lead developer of Shiba Inu, has been intriguing the SHIB community with his enigmatic tweets.
One such tweet mentioned “Something physical coming,” hinting at a potential partnership between SHIB and Shibcals.
Shibcals specializes in bringing SHIB “into the physical world,” creating tangible SHIB-themed clothing and merchandise.
This move expands SHIB’s presence beyond the digital realm of screens, offering enthusiasts a new way to connect with their favorite meme coin.
Speculation of a Move Outside the USA:
Another cryptic tweet and a Telegram message in the “Shibarium Tech” channel mentioned that SHIB was “going somewhere.” Kusama clarified that this “somewhere” referred to a location “outside the USA.”
Speculations arose suggesting that the SHIB team might be heading to Canada soon, possibly participating in the ETHToronto conference. This move would be a tribute to Vitalik Buterin, as Shiba Inu was originally launched on the Ethereum chain.
Additionally, the launch of the Layer-2 solution, Shibarium, might take place in Canada, marking a significant milestone for the project.
Shibarium’s Progress and Launch Strategy:
Shibarium’s testnet was successfully launched on March 11, achieving significant utility milestones. Currently, there are 17,019,690 linked wallets, and the platform has processed a total of 25,955,919 transactions, according to Puppyscan.
Shytoshi Kusama mentioned in a recent Telegram post that the date and plan for the launch were unchangeable and already set, referring to it as a “launch strategy.”
This progress has added to the community’s excitement and anticipation surrounding Shibarium’s official launch.