u.today
According to the data published by Shibburn, the Shiba Inu army succeeded in pushing the burn rate to a big height, while $SHIB is showing a massive price increase.
Now, that the world’s largest cryptocurrency Bitcoin is recovering, the rest of the market is going green, and Shiba Inu is skyrocketing.
$SHIB burns rising high
The aforementioned data source spread the word that since last morning the $SHIB burn rate has demonstrated an astonishing increase of more than 708%. Still, despite the impressive burn rate rise, the total amount of the meme coins that has been destroyed is not too high – merely 2,760,121.
Nearly all of this $SHIB chunk was transferred to unspendable blockchain wallets in a single transfer which carried 2,000,000 $SHIB. The second biggest transfer moved half a million $SHIB to a dead-wallet.
Shiba Inu price skyrockets
During the last 24 hours, the second most popular meme cryptocurrency in the market, $SHIB, has secured a huge rise, soaring by 25.88% - surging from $0.00001107 and reaching the $0.00001393 level by now.
That price spike finally came after the meme-inspired coin had been plunging since Monday last week. Over that period of time, it collapsed by 36%, falling from the $0.00001726 price mark. Now this massive price loss has been almost entirely regained.
$SHIB lead Kusama issues "Mask off" tweet
On Sunday, the mysterious lead developer of the $SHIB team known to the global community as Shytoshi Kusama published a tweet that left the Shiba Inu community excited. He addressed the $SHIB army, tweeting “Mask off.”
That tweet contained a Shiba Inu dog sitting in the passenger seat of a car with a window wound down. In fact that was a repost of a tweet published by the Huobi crypto exchange, which signified the beginning of the “National Dog Month.”
Many excited commentators also seemed to consider that a reference to Shytoshi Kusama’s series of recent appearances. Kusama revealed himself to the community as he visited several major blockchain events around the world – in Japan, India and the UAE. However, he wore two masks to avoid unveiling his true face. In India and the UAE he was joined by the top $SHIB developer Kaal Dhairya who was also wearing a mask.