Shiba Inu (SHIB) Lead Shytoshi Kusama Drops Hints about Shibarium Progress

The Shiba Inu community has been buzzing with anticipation since Shytoshi Kusama, the project's lead developer, updated his Twitter location to "in the Lab," hinting at the progress of Shibarium.

Timeline of Kusama, Shiba-inu

The Shiba Inu network has recently experienced a colossal spike in the number of destroyed coins, with 1.1 billion tokens being removed from circulation. This event marks an astounding 5.5 million percent increase in the amount of burned tokens compared to average levels.

The Shiba Inu burn rate saw an enormous recovery after plunging below zero the prior day. The burn rate jumped as much as 35,508%, as the SHIB burn website reports 17,804,606 SHIB burned in the last 24 hours.

According to a recent tweet posted by the team of WhaleStats crypto tracker, around 15 hours ago, a whale that goes by the alias "BlueWhale0073" made yet another acquisition of SHIB this week.

While Shiba Inu continues to fail to break the key resistance level of $0.00001152 on the 1-day chart, one of the largest SHIB whales is taking the opportunity to buy the dip. As reported by crypto tracking service WhaleStats, the unknown grand owner of Shiba Inu with the synonym “BlueWhale0073” has continued his buying spree over the last three days.

Shiba Inu is seeing increasing adoption in Web2 as companies look to take advantage of its massive supporter base. One of these companies is Travala, a travel company that started offering SHIB payments back in 2021.

Good news for Shiba Inu ($SHIB) fans: Binance Card holders can now pay for hotel stays in Georgia with $SHIB, thanks to a recent announcement by Binance Pay. Shiba Inu is a decentralized cryptocurrency project inspired by the popular internet meme of the Shiba Inu dog breed.

A crypto-friendly travel firm is rolling out a new affiliate program for holders of Shiba Inu (SHIB), a popular Dogecoin (DOGE) competitor. In a new announcement, travel giant Travala says that holders of Shiba Inu can join their affiliate program, which would have members earn a percentage of the bookings of each person they invite.

Despite the launch of Shibarium beta nearly a month ago, the burn rate of Shiba Inu tokens remains unsteady, rising over 1,000% or falling below zero, with less than 100,000 SHIB destroyed.

In a bold stride toward the fusion of hospitality and digital currency, Radisson Hotel, an esteemed global hotel group, is now accepting shiba inu (SHIB), bitcoin (BTC), and ethereum (ETH) for reservations in its Georgian branch.

Shiba Inu, a popular meme-based cryptocurrency, has seen its total value locked (TVL) drop by a staggering 70% since reaching its local high. The largest Shiba Inu pool, the SHIB-WETH (0.3%) pool on Uniswap V3, currently stands at $1.8 million, a significant decrease from its all-time high of $10.8 million.