Shiba Inu’s community has been rocked by the announcement of an upcoming initiative following the resounding success of its Layer-2 project scaling protocol, Shibarium. Lead developer Shytoshi Kusama recently teased the Shib fans with a cryptic tweet titled “A Bark of Peace on Deaf Ears,” hinting at a project centered around empowering the Shiba Inu community. Speculation reached a fever pitch as Kusama tantalized supporters, promising “The Shib” would soon take the stage, illuminating the community’s efforts for global positive change.
The shroud of secrecy was finally lifted during Kusama’s latest interview with the International Business Times. He revealed that “The Shib” is a revolutionary publication meticulously crafted to enhance communication within the community. Kusama disclosed, “Yes, ‘The Shib’ is a new publication we have in the works to increase communication with the community. We are drawing inspiration from various projects, new partners, and voices from our intake form.” Despite repeated requests, Kusama remained tight-lipped, leaving the crypto community eagerly anticipating more details about this groundbreaking venture.
Earlier, reports began to emerge after a SHIB enthusiast known by his social media handle, Kuro SHIBARMY JPN, shared a screenshot from an official SHIB Telegram group. In response to a community member’s suggestion that “something is brewing,” Kusama cryptically replied, “Very much so,” sparking intense curiosity among SHIB followers.
Meanwhile, Shiba Inu’s ecosystem witnessed an unprecedented surge in on-chain transactions, leaving the crypto community astounded. According to renowned market analyst IntoTheBlock, large-scale SHIB transactions valued at $100,000 or more jumped by a staggering 353% within a single day over the weekend.
Shiba Inu Transactions Rise To $18M
As reported by TronWeekly, this surge, totaling over $18 million, resulted in the exchange of approximately 2.6 trillion SHIB tokens, leaving an indelible mark on the market. This surge in transactions contributed to an overall daily transaction volume of 3.6 trillion SHIB, equivalent to nearly $26 million.
Amidst SHIB’s fluctuating price trend, this surge in large transactions and heightened network activity adds a compelling layer to Shiba Inu’s journey, leaving the crypto community eagerly anticipating what comes next. Stay tuned for more updates on this groundbreaking development!