Shiba Inu leader Shytoshi Kusama in a recent tweet shared an AI-generated image depicting ‘what it feels like to try to create utility for a meme coin and take it from top 15 to top 5, in less than 5 years and without a huge budget’. He clarified that he was referring to SHIB.
The image is a painting on an office wall depicting a chaotic, religious, or apocalyptic scene, and there is a man in the office sitting at his desk, surrounded by chaos.
Is SHIB in the top 5?
His tweet read: “What it feels like to try to bring utility to a memecoin and take it from top 15 to top 5. In less than 5 years… without a huge budget.”
Responding to this tweet, an X user noted that Shytoshi may be implying that the work he is doing will take SHIB to the top 5. Shytoshi emphasized that this is not an implication but an aspiration and goal to take SHIB to the next level.
He recently revealed some details about his work schedule, saying that he works 20 hours a day for weeks at a time. He added that his work includes posting on social media and responding to comments from SHIB community members.
SHIB's cash burn rate skyrocketed by more than 24000%!!
Notably, the Shiba Inu burn rate has seen an explosive increase today. Previously, the burn rate had increased by a whopping 5500%. However, now, the burn rate has reached a staggering 24,000% in the past 24 hours. A total of 270,751,087 SHIB have been burned in the past 24 hours as of the time of writing. Notably, the largest burn transaction involved 209,312,491 SHIB. SHIB is currently trading at $0.00002521, up more than 1% in the past 24 hours.
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A Bigger Bull Run Is Coming For SHIB?
Prices of many crypto assets have skyrocketed following the US elections. Notably, Bitcoin (BTC) and Solana (SOL) have hit new all-time highs (ATHs). However, altcoins like Shiba Inu have yet to record new ATHs in the ongoing bull run.
Amid the current price surge, Shiba Inu marketing director Lucie said the market trend is similar to what investors observed in 2020 before the explosive price surge in 2021. With top exchanges listing on their platforms amid soaring demand, SHIB has reached new heights.
Additionally, Shiba Inu saw its largest burn in May 2021 when Vitalik Buterin transferred over 410 trillion SHIB to the official death wallet. It eventually reached an ATH of $0.00008616 in October 2021. She described 2025 as the “year of the super cycle,” which could potentially lead to a larger bull run similar to 2021.
DYOR! #Write2Win #Write&Earn $SHIB