Shiba Inu’s Shytoshi Kusama Issues Bullish SHIB Message As SHIB Jumps 19.3%

The mysterious SHIB lead developer Shytoshi Kusama has published some tweets after a week’s pause. These posts seem to carry a bullish message to the SHIB army.

In the meantime, the Shiba Inu leader is approaching a major milestone of 1 million followers on the X platform (formerly known as Twitter). Recently Kusama has not been treating the community to his tweets often, posting them with roughly a week’s pause in between.

Shytoshi Kusama's tweets bullish mood as SHIB soars 19.3%

Shytoshi Kusama broke his week’s silence on the X app by issuing a SHIB-themed call to the Shiba Inu community – “WOOF!”. It was followed by an anime-style animated GIF with also a bullish and fighter’s mood in response to a recent tweet by an early Bitcoin millionaire Da Vinci who published an engaging and bullish post about Shiba Inu.

Da Vinci tweeted that the current SHIB run “is looking hot.” This happened while the second largest meme cryptocurrency by the market capitalization size Shiba Inu printed a jaw-dropping price increase of 19.3%, reaching the $0.00002946 price tag. By now, however, the surge has changed to a decline with the meme coin dropping by 3.38 and changing hands at $0.00002844 at the time of this writing.

This sudden bullish move has pushed Shiba Inu into the top ten coins list as it surpassed Cardano’s ADA by the market cap value. Now, SHIB occupies the tenth position on this list on the CoinMarketCap website.

This tremendous price surge has coincided with recently started efforts of the SHIB team to conquer TikTok audience as they posted a viral SHIB video on their official page, promising that SHIB is “not a sprint but a marathon.”

SHIB burn rate plummets

Despite the positive news about the SHIB price, the current state of things with one of the key SHIB metrics – the burn rate – does not look good. According to the Shibburn data platform, within the last 24 hours, this metric has demonstrated a plummet of more than 44% with merely 1,695,852 SHIB meme coins transferred out of circulation.

This amount of SHIB has been transferred to unspendable blockchain wallets since last morning in nine transactions, where the two biggest ones carried 469,507 and 359,001 Shiba Inu.