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Shytoshi Kusama, the key figure behind the Shiba Inu (SHIB) ecosystem, has announced his resignation as the project’s leader. However, rather than stepping away completely, Kusama will take on a new role as the lead ambassador for Shiba Inu. This transition comes as the SHIB ecosystem continues to expand its presence in the Web3 industry.
From Meme Coin to Web3 Powerhouse
[embed]https://twitter.com/ShytoshiKusama/status/1883514659606568983[/embed] Reflecting on the project’s evolution, Kusama highlighted how Shiba Inu has transformed from a simple meme coin into a full-fledged Web3 ecosystem. Under his leadership, ShibaSwap, Shibarium, and key tokens like BONE, LEASH, and TREAT were launched, strengthening the project’s decentralized ecosystem. Kusama emphasized that Shiba Inu is now more than just a cryptocurrency—it operates as a "Network State" that provides essential Web3 tools for governments, businesses, and individuals. While projects like Shibacon and the SHI stablecoin are still in development, he expressed pride in the community’s progress.
Kusama’s Vision as Lead Ambassador
In his new role, Kusama will focus on increasing global adoption of Shiba Inu’s technology, with a key emphasis on ShibOS—a rebranded suite of tools designed for seamless Web3 integration. By collaborating with businesses, NGOs, and global leaders, he aims to position Shiba Inu at the forefront of decentralized technology. Additionally, Kusama revealed plans to work on personal projects, including the development of "44 Tenets to Triumph in Crypto," while ensuring that all initiatives align with Shiba Inu’s vision.
Shiba Inu Burn Rate Spikes Amid Market Drop
Despite leadership changes, the Shiba Inu token burn rate surged 856%, removing 6.27 million SHIB tokens from circulation, according to Shibburn. However, SHIB’s price has experienced a sharp 11% decline, currently trading at $0.00001789, with a market cap of $10.5 billion. With Kusama’s new direction and continued community support, Shiba Inu remains focused on expanding its Web3 ecosystem and strengthening its global presence. Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.