According to data released by Shibburn, the Shiba Inu army has successfully pushed the burn rate to a new high, and SHIB has shown a significant price increase. Today, Bitcoin, the world's largest cryptocurrency, is recovering, and the rest of the market has also gone green, and Shiba Inu prices have also soared. SHIB is on fire The above data source revealed that the SHIB destruction rate has seen an astonishing increase of more than 708% since yesterday morning. Despite the astonishing destruction rate, the total amount of meme coins destroyed is not too high - only 2,760,121.
Almost all of the SHIB was transferred to an unusable blockchain wallet in a single transfer of 2,000,000 SHIB. The second largest transfer moved 500,000 SHIB to a dead wallet. Shiba Inu Price Surges In the past 24 hours, SHIB, the second most popular meme cryptocurrency on the market, has seen a massive surge, surging 25.88% — from $0.00001107 to its current level of $0.00001393.
The price surge came after the meme-inspired token’s price had been plunging since last Monday. During that period, it had fallen by 36%, dropping from the $0.00001726 price mark. Now, that massive price loss has been almost fully recovered. SHIB Head Kusama Posts ‘Take Off the Mask’ Tweet On Sunday, the mysterious lead developer of the SHIB team, known to the global community as Shytoshi Kusama, posted a tweet that got the Shiba Inu community excited. Addressing the SHIB army, he said “Take off the mask.” The tweet featured a Shiba Inu sitting in the passenger seat of a car with the window rolled down. In fact, it was a retweet of a tweet posted by the Huobi cryptocurrency exchange, marking the start of National Dog Month.#加密市场反弹
Many excited commentators also seemed to see this as a reference to Shytoshi Kusama’s recent series of appearances. Kusama has revealed himself to the community while visiting several major blockchain events around the world – Japan, India, and the UAE. However, he wore two masks to avoid revealing his true face. In India and the UAE, SHIB top developer Kaal Dhairya also accompanied him wearing a mask.
