The Shiba Inu (SHIB) market was finally seen recovering from its recent fall. While the overall market played a major part, the team behind the meme coin had a vital role too. The SHIB ecosystem has been bustling with news. As the community is dreading Shytoshi Kusama’s exit, they were eagerly waiting for the “big announcement.” Several speculations about the details of this upcoming statement have been discussed. But what could it really be?
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Diving Into Shytoshi Kusama’s ‘Big Announcement’
The Shiba Inu developer stated on Monday that he was prepared to deliver the “biggest announcement” ever related to the blockchain environment. Kusama gave the community some indications of what to anticipate from the upcoming deal, but he did not disclose the precise date or specifics. He further highlighted in a follow-up tweet that the forthcoming collaboration will benefit all Shibarium projects and ecosystem tokens, such as SHIB, LEASH, TREAT, and BONE. Kusama took to X to preview the big event and said,
“After some rest, I will focus back on Shib. Bone, Leash, and Treat as we gear up for the biggest announcement I’ve ever given.”
The Shiba Inu network has time and again dropped hints like this over the years of its existence. As a result, the community isn’t as surprised. While several believe that it’s a collaboration with Binance, a few others threatened to sell their holdings if the announcement did not meet their expectations. It should be noted that the network is trying to boost its utility which could benefit the asset in the long run.
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How Is Shiba Inu Faring Right Now?
Over the past 24 hours, the Shiba Inu market recorded a 2.21% rise. During the time of writing, the meme coin was trading at $0.00001871. Earlier today the asset was trading at a low of $0.00001785 before jumping to a high of $0.00001878. Along with its price, the daily volume of the asset also saw a jump of 16% and was currently at $331.88 million.
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