Shiba Inu's Shytoshi Kusama Shares Shibarium “Launch Strategy” with SHIB Army

In a recent message, the lead developer of SHIB, who goes under the pseudonym Shytoshi Kusama, stated that he has “a launch strategy” and that “he cannot change the date or plan” in response to several messages in the Telegram channel called “Shibarium Tech”.

Timeline of Kusama, Shiba-inu

The price of SHIB has experienced a remarkable 4% increase intraday and an impressive 8% surge over the past three days. This surge has transformed nearly 60,000 addresses of Shiba Inu holders from unprofitable to profitable, offering them a rare chance to exit their positions with substantial profits.

Shiba Inu (CRYPTO: SHIB) burn rate on Friday spiked 1800% in the last 24 hours, after the Shibarium testnet crossed the 25 million total transactions mark as enthusiasm grows ahead of mainnet. What Happened: As per PuppyScan, the dedicated blockchain explorer for Shiba Inu, at the time of this writing, the total number of transactions on the Shibarium beta testnet has surpassed 25 million, currently standing at 25,505,315.

After a few days of staying deep below zero in the red, the SHIB burn rate has finally demonstrated a substantial rise, according to the data shared by the Shibburn explorer. The price of the second-largest meme coin has also shown a mild increase overnight.

Unusual activity has been observed in the recent movements of a wallet associated with bankrupt North American cryptocurrency broker Voyager. In a surprising turn of events, a staggering 25 billion Shiba Inu (SHIB) tokens, with a current value of approximately $183,275, were transferred from the wallet.

Shiba Inu Layer 2 Shibarium's beta has smashed two big milestones at once. The Shibarium testnet has achieved an impressive round number in its total transactions and wallet addresses.

According to ITB's "In/Out of the Money" indicator, Shiba Inu currently confronts a resistance formed by 300 trillion SHIB tokens, predominantly held by addresses that acquired them within the price range of $0.000008 to $0.000014.

Although the current behavior of the cryptocurrency market is not dramatically optimistic, including that of one of the best-known meme cryptocurrencies, Shiba Inu (SHIB), the projections based on machine learning algorithms and important technological innovations and trends for the next couple of years are.

As reported by U.Today before, the pseudonymous leader of the Shiba Inu developer team, Shytoshi Kusama, bewildered the SHIB community with a cryptic tweet that showed a video about SHIB "going somewhere."

In an official announcement made on June 28, Japan's major financial services conglomerate, SBI Group, announced that they will “start handling Shiba Inu (SHIB), Dai (DAI), and Cosmos (ATOM)” on its cryptocurrency platform SBI VC Trade.

In a surprising turn of events, the price of the Shiba Inu token has taken a U-turn, showing a remarkable rebound after experiencing a substantial drop of nearly 5% just yesterday. Today, the token's value has already exhibited a modest, yet noteworthy, 1.5% growth.