Binance, the world’s largest crypto exchange by 24-hour trading volume, has set the Shiba Inu community abuzz with a cryptic message. The image, captioned “pawsitively prepped for the next chapter!”, features a dog staring at two oranges placed on a piece of traveling luggage. This tweet has sparked a wave of speculation among SHIB enthusiasts trying to decode its meaning.
Some SHIB fans believe the message hints at Binance’s support for Shiba Inu’s Layer-2 scaling solution, Shibarium. If true, Binance could allow users to deposit and withdraw assets via this L2 blockchain. Prominent community member ‘Sand’ is among those speculating about this support. He also hinted that the exchange might offer incentives related to Shiba Inu ecosystem tokens, BONE and LEASH.
Kuro, a notable Shiba Inu community figure from Japan, claimed to understand the message from Binance. In a recent post on X, Kuro redesigned the image to include the logos of Shibarium, BONE, and LEASH. This added fuel to the speculation fire.
Supporters of other dog-themed tokens, such as Pawswap (PAW), also jumped on the bandwagon, hoping for the exchange’s support for their favorites.
Is Binance Planning to Support Shiba Inu Burn?
This speculation comes at a time when Shiba Inu fans are urging Binance to support SHIB burns. The community has long hinted at plans to burn SHIB through leading exchanges like Binance and Coinbase. On July 9, community figure Lola directly asked the exchange’s CEO Richard Teng to extend the exchange’s LUNC burn support to SHIB. She suggested the exchange use a portion of SHIB’s spot and margin trading fees for this purpose.
So far, Binance has not responded to this request. It remains unclear if the recent cryptic message pertains to any plans to burn SHIB using a fraction of its trading fees. However, the exchange’s support for SHIB burn could significantly reduce the token’s circulation.
According to Shibburn, 410.72 trillion SHIB have already been destroyed through burns, leaving a total supply of 589.27 trillion tokens. The burn rate has jumped 30.4% in the past 24 hours, totaling 844,269 SHIB.
The Shiba Inu community remains on high alert, eagerly waiting for the exchange’s next move.
