The individual known as "Ryoshi," who is the originator of the meme coin Shiba Inu (SHIB), has been publicly addressed by Shibburn, a burn tracker dedicated to monitoring the token's burn activity. The community initiative appeared to imply that Ryoshi's actions were not aligned with the optimal interests of the SHIB ecosystem.
The impact of the "Ryoshi" mechanism on the burn rate of SHIB
Shibburn made a number of assertions on their X (formerly known as Twitter) platform, claiming that the creators of the token had not consistently demonstrated integrity in their transactions. The platform has indicated that the founders have effectively mitigated the token's burn rate by implementing a deliberate decision to refrain from burning more than 103 trillion SHIB. The aforementioned accusation originated from their assertion on Ryoshi's SHIB holdings.
According to Shibburn, it has been asserted that Ryoshi made false statements on the quantity of SHIB tokens they possessed. The authors said that the originator of SHIB made a statement asserting their possession of "0 SHIB," since any alternative action may potentially result in a conflict of interest. However, it was then revealed that Ryoshi had a substantial amount of SHIB tokens, estimated to be valued at more than $1 billion.
The founders have purportedly undertaken extensive measures to conceal their assets by transferring them around several wallets. Shibburn posits that their actions have hindered the progression of the ecosystem, as certain tokens intended for destruction have been affected. Shibburn made a claim asserting that Ryoshi had a lack of concern for the growth of SHIB and was primarily motivated by self-interest.
The founders of Shiba Inu are only driven by self-enrichment.
As part of the startling disclosures, Shibburn alluded to the possibility that Ryoshi's public perception may not align with their true identity. Alternatively, these individuals are characterized as a "collective of profit-driven investors" whose primary objective is to capitalize on the local community. In order to attain this objective, SHIB is purportedly seen as their lucrative asset, which they use as a mechanism for personal enrichment.
In addition to Ryoshi, the primary developer of SHIB, Shytoshi Kusama, was also implicated in the situation. #SHIBburn levied an accusation against the developer, questioning their authenticity as a legitimate developer, and insinuated that Shytoshi had ulterior motives centered around financial gains from the community. One example that was hinted to was the purported prize that the developers bestowed upon themselves in the form of a substantial quantity of $BONE upon the establishment of #ShibaSwap .
Shibburn suggested that the decision to designate BONE as a gas token for Shibarium may have been motivated by a desire to enhance the token's utility and improve its value. Shytoshi has not yet provided a response to the aforementioned charges, nor has any information been published on the official announcements blog, which is often utilized by the creators to provide frequent updates.
The #shiba breed appears to be unaffected by these accusations. Based on data obtained from CoinMarketCap, the current trade price of the meme coin is at about $0.000008189, reflecting an upward trend within the past 24-hour period.

SHIBA INU (SHIB) is a meme token that has captured the attention of millions of crypto enthusiasts around the world. But SHIB is more than just a cute dog coin. It is also a thriving ecosystem that supports projects such as an NFT art incubator, a decentralized exchange, and a Layer-2 solution. In this article, we will explore some of the reasons why SHIB could soar by 1000% in 2024, making it one of the best crypto investments of the year. 🙌The Spot Bitcoin ETF Could Boost SHIB Demand 💹One of the most anticipated events in the crypto space is the approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC). A spot Bitcoin ETF would allow investors to gain exposure to Bitcoin without having to deal with the technicalities of storing and securing their own coins. This would open the door for more institutional and retail money to flow into the crypto market, creating a positive spillover effect for other cryptocurrencies, including SHIB. 📈According to a report by Bloomberg, the spot Bitcoin ETF market could grow to $100 billion over time, attracting inflows from both existing and new crypto investors. A report by Galaxy estimates that spot Bitcoin ETF products could see inflows of $14 billion in the first year and $39 billion within three years. These numbers suggest that the demand for Bitcoin and other crypto assets could surge significantly in 2024, especially if the SEC approves the first spot Bitcoin ETF in January, as some analysts expect. 🤞SHIB could benefit from this increased demand, as it is one of the most popular and accessible meme tokens in the market. SHIB is currently ranked #16 by market capitalization on CoinMarketCap, and it is available on many major exchanges, including Coinbase, the largest U.S.-based crypto exchange. SHIB also has a loyal and active community of supporters, who call themselves the SHIB Army, and who are constantly promoting and developing the project. 🐶The Shiba Inu Ecosystem Could Expand and Innovate 🚀Another reason why SHIB could skyrocket in 2024 is the potential growth and innovation of the Shiba Inu ecosystem. SHIB is not just a token, but also a platform that supports various projects and initiatives. Some of the most notable ones are:ShibaSwap: a decentralized exchange that allows users to swap, stake, and provide liquidity for SHIB and other tokens in the ecosystem, such as LEASH and BONE. ShibaSwap also offers rewards and incentives for users who participate in the platform, such as NFTs, governance rights, and special bonuses. ShibaSwap has been audited by CertiK, a leading blockchain security firm, and has over $300 million in total value locked (TVL) as of December 2023. 🦄Shibarium: a Layer-2 solution that aims to enhance the scalability and efficiency of the Shiba Inu ecosystem. Shibarium is based on Optimistic Rollups, a technology that enables fast and cheap transactions on the Ethereum network. Shibarium has processed over four million transactions as of November 2023, and it plans to launch its own native token, SHIBA, in 2024. SHIBA will be used to pay for gas fees and other services on Shibarium, and it will also be airdropped to SHIB holders who use Shibarium. 🔥Shiba Inu NFTs: a collection of unique and rare digital artworks featuring the Shiba Inu dog breed. Shiba Inu NFTs are created by talented artists from the Shiba Inu community, and they are sold on platforms such as OpenSea and Rarible. Some of the Shiba Inu NFTs have fetched high prices, such as the Shiba Inu Boss Logic NFT, which sold for 40 ETH (over $150,000) in October 2023. Shiba Inu NFTs also have utility, as they can be used to access exclusive content and events in the Shiba Inu ecosystem. 🎨These projects and more show that the Shiba Inu ecosystem is not just a meme, but also a serious contender in the crypto space. The Shiba Inu team and community are constantly working to improve and expand the ecosystem, adding new features, partnerships, and use cases. In 2024, we can expect to see more developments and innovations from the Shiba Inu ecosystem, which could boost the value and adoption of SHIB and other tokens in the platform. 🚀The Crypto Market Could Enter a New Bull Cycle 🐂The last reason why SHIB could soar by 1000% in 2024 is the possibility of a new bull cycle in the crypto market. The crypto market is known for its volatility and cyclicality, alternating between periods of euphoria and despair. Historically, the crypto market has followed a four-year cycle, driven by factors such as the Bitcoin halving, the macroeconomic environment, and the innovation cycle. The Bitcoin halving is an event that roughly cuts in half the rewards to Bitcoin miners for successfully mining the cryptocurrency, and it occurs every four years. The halving reduces the supply of new Bitcoins entering the market, creating a scarcity effect that tends to drive up the price of Bitcoin and other cryptocurrencies. The next Bitcoin halving is expected to take place in 2024, which could trigger a new wave of demand and speculation in the crypto market. 🌊The macroeconomic environment is another factor that influences the crypto market cycle. In times of economic uncertainty, inflation, and monetary easing, investors tend to seek alternative assets that can hedge against currency devaluation and offer higher returns. Cryptocurrencies, especially Bitcoin, have emerged as a viable alternative asset class, attracting more institutional and retail investors. In 2024, the global economy could face more challenges, such as the end of the pandemic stimulus, the rise of geopolitical tensions, and the emergence of new variants of the coronavirus. These challenges could increase the demand for cryptocurrencies, as investors look for safe havens and growth opportunities. 💰The innovation cycle is the third factor that affects the crypto market cycle. The crypto space is constantly evolving and innovating, creating new technologies, products, and services that enhance the usability, functionality, and value of cryptocurrencies. Some of the most notable innovations in the crypto space in recent years include decentralized finance (DeFi), non-fungible tokens (NFTs), and Layer-2 solutions. These innovations have expanded the use cases and adoption of cryptocurrencies, attracting more users and investors to the crypto market. In 2024, we can expect to see more innovations and breakthroughs in the crypto space, such as the launch of Ethereum 2.0, the integration of Web 3.0, and the development of metaverses. These innovations could create new markets and opportunities for cryptocurrencies, driving up their prices and adoption. 🚀Conclusion 🎁SHIBA INU (SHIB) is a meme token that has become one of the most popular and successful cryptocurrencies in the world. But SHIB is more than just a meme. It is also a thriving ecosystem that supports various projects and initiatives, such as ShibaSwap, Shibarium, and Shiba Inu NFTs. In 2024, SHIB could skyrocket by 1000%, making it one of the best crypto investments of the year. This could be driven by four factors: the approval of a spot Bitcoin ETF, the expansion and innovation of the Shiba Inu ecosystem, the occurrence of the next Bitcoin halving, and the emergence of a new bull cycle in the crypto market. If you are looking for a fun, exciting, and rewarding crypto investment, SHIB could be the perfect choice for you. 🙌Disclaimer: This article is for informational and entertainment purposes only. It is not financial advice or an endorsement of any cryptocurrency or project. Please do your own research and consult a professional before investing in any cryptocurrency. 🙏#SHIB #SHIBARMY #ShibaSwap #Shibarium #SHIBA

The biggest token holder recently moved a whopping 4 trillion SHIB tokens to different addresses in anticipation of the #Shibarium mainnet launch happening in August.

A huge Shiba Inu (SHIB) holder, identified as “0x1406,” recently became active again after 157 days of inactivity. This whale distributed 4 trillion SHIB tokens, which were divided among eight new wallets. This whale is renowned for holding the largest amount of SHIB tokens.

This movement may be a response to the announcement made by Shiba Inu’s lead developer, Shytoshi Kusama, regarding the upcoming release of the Shibarium mainnet and the publication of the “Worldpaper” in August.

Shiba Inu Whale Moves 4 Trillion SHIB Tokens:

According to Lookonchain, a significant #ShibaINU token holder, known as a “whale,” recently transferred 4 trillion SHIB tokens valued at $29.8 million to eight new addresses. This whale currently holds an impressive 101.47 trillion SHIB tokens, which amounts to around $756 million. With 10.15% of the total SHIB supply, this whale stands as the largest holder of Shiba Inu tokens.

The whale had been inactive for 610 days without making significant transfers. However, during that time, it collected and distributed SHIB tokens to various addresses. This whale is recognized for purchasing SHIB tokens when their value drops, taking advantage of the price dips.

In 2020, the whale acquired a staggering 103.33 trillion #SHIB tokens by spending 38 ETH (equivalent to $14,000). Later, in separate transactions, it sold 603 billion SHIB tokens for 2411 ETH, amounting to $9.6 million, and also sold 1.25 trillion SHIB tokens to Coinbase for $8.77 million in 2021. As of now, this whale retains a substantial amount of 101.47 trillion SHIB tokens, valued at approximately $756 million, which are spread across 23 different wallets.

According to Spot on Chain, the whale’s most recent transaction took place 157 days ago when it bought 7,049 SHIB tokens. The main wallet, known as “0x1406,” currently retains an impressive 6.20 trillion SHIB tokens, which are valued at approximately $46 million.

Following Shiba Inu’s lead developer, Shytoshi Kusama’s announcement, exciting news has emerged. Shytoshi Kusama confirmed the release of the highly anticipated L2 Shibarium and shared details about the Worldpaper. This announcement was made during the Blockchain Futurist Conference held in Toronto, Canada, scheduled for August 13-17, 2023.

In addition, the Shiba Inu ecosystem will include the Doggy DAO and the SHIB DOGGY DAO FOUNDATION. The foundation is responsible for implementing the decisions made by the DAO (Decentralized Autonomous Organization) and managing the assets owned by the DAO.

SHIB and BONE Prices Expected to Surge:

The price of SHIB has decreased by over 1% compared to its highest point in the past 24 hours and is currently trading at $0.00000746. The lowest recorded price during this period was $0.00000737, while the highest reached $0.00000759.

During the past month, the gas token of Shibarium called Bone #ShibaSwap (BONE) has experienced a significant surge of 82%. Presently, BONE is being traded at $1.29, showing a 1% increase in the last 24 hours. The lowest recorded price within this period was $1.27, while the highest reached $1.31.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

$SHIB

Shiba Inu (SHIB), the meme coin that has captured the hearts of millions of dog lovers around the world, is getting even better in 2023. Here are some of the latest developments in the SHIB ecosystem that are sure to make you wag your tail:

* **Shibarium:** Shibarium is a layer-2 solution for SHIB that is being developed by the Shiba Inu team. Shibarium is expected to make SHIB transactions faster, cheaper, and more energy-efficient. This will make SHIB a more attractive option for use as a payment currency and will also make it easier for people to use SHIB to buy goods and services.

* **SHIB Metaverse:** The Shiba Inu Metaverse is a virtual world that is being developed by the Shiba Inu team. The metaverse will feature SHIB-themed lands, games, and experiences. This will give SHIB holders a place to hang out with their fellow dog lovers and to explore a new digital world.

* **ShibaSwap:** ShibaSwap is a decentralized exchange (DEX) that is built on the Ethereum blockchain. ShibaSwap allows users to swap SHIB for other cryptocurrencies, provide liquidity to the SHIB ecosystem, and stake SHIB for rewards. This gives SHIB holders more options for how to use their tokens and helps to grow the SHIB ecosystem.

* **SHIB burn:** The Shiba Inu team has been conducting regular SHIB burns, which removes SHIB tokens from circulation. This reduces the total supply of SHIB, which can potentially increase the price of the token. The team has burned over 410 trillion SHIB so far, and they have plans to burn even more in the future.

These are just a few of the latest developments in the SHIB ecosystem. The Shiba Inu team is constantly working on new projects and initiatives, so it will be interesting to see what the future holds for this popular meme coin.

But one thing is for sure: the goodest of boys is only getting better. So if you're a fan of SHIB, you'll want to keep an eye on these developments and see how they can help to make SHIB the most popular meme coin in the world.

**P.S.** If you're looking for a fun way to get involved in the SHIB community, be sure to check out the SHIB subreddit and the SHIB Twitter account. These are great places to learn more about SHIB and to connect with other SHIB holders.

$SHIB

#ShibaSwap

#SHIB

#ShibaInu

#Shibarium

At present, the price of #Shibarium gas token, $BONE, is approximately $0.80. In order to get to $100, #BONE would have to grow by 12,400%.In the short term, it is thought to be extremely unlikely that BONE will reach $100, even though it is not impossible in the long run. A prediction states that BONE #ShibaSwap would require a gain of 13,761.31% in order to reach $100.But according to the majority of sources, BONE is not likely to hit $100 in the upcoming ten years.To put things in perspective, assuming a fixed supply of 230 million #cryptocurrency coins, BONE's market cap would need to reach $23 billion in order to reach $100.This would place BONE above well-known projects like Polkadot, Solana, and Dogecoin and place it among the top 10 #Cryptocurrencies by market capitalization. In addition, BONE would have to overcome a number of obstacles and dangers, including rivalry from other DEXs and governance tokens, unpredictability in the regulatory landscape, network congestion, security lapses, and market volatility.In conclusion, BONE may eventually reach$100, but it is extremely unlikely that it will do so in the upcoming ten years.

Based on the #cryptonews search results, the $Bone ShibaSwap price prediction for January 2024 ranges from $1.26 to $1.45, with an average price of $1.36.However, another prediction suggests that the price of Bone #ShibaSwap is predicted to drop by -7.25% and reach $0.713138 by December 25, 2023.Meanwhile, another prediction indicates that #BONE will start the year 2024 at $2.30 and trade around $2.82, with a possibility of reaching an all-time high of $2.75 or $2.87 in 2026.It is important to note that #cryptocurrency markets are highly volatile, and these predictions may change rapidly. Therefore, it is advisable to use discretion and make informed decisions when investing in #Cryptocurrencies .

The Shiba Inu price is currently in deep bearish territory. After being rejected at the 200-day EMA in mid-April (blue line) and breaking the ascending trend line on the 1-day chart to the downside on April 20 (black line), the #SHIB price is now in free fall.

Yesterday, the SHIB price initially received support at $0.00000839 on the 1-day chart. However, if a trend reversal does not follow soon, the Shiba Inu price could drop towards the local low at $0.00000779 from December 28. This would erase all price advances since the beginning of the year.

For now, the RSI on the daily chart is at 24, in oversold territory. For the return of a tentative bullish momentum, the SHIB price needs to break the key resistance at $0.000010. Otherwise, a retest of the December 2022 low seems inevitable.

Even though the Shiba Inu price is extremely bearish at the moment, the meme coin still has one of the strongest communities hoping for better times once Shibarium and SHIB : The Metaverse are live on the mainnet. However, two well-known crypto experts and influencers have expressed their doubts today.

According to Mason Versluis, founder of crypto community Gold Squad, and Tony JRNY, founder of NFT project JRNY Club, the chances of SHIB reaching its all-time high of $0.00008845 from October 2021 again are slim. At the current price, that means Shiba Inu would have to rise over 930%.

Versluis wrote on Twitter, “I am pretty confident $SHIB will never go past all time high again ($0.00008845) What do y’all think?”. Tony replied that there would have to be “some groundbreaking utility and FOMO” for this to happen. Versluis agreed and added:

It is important to note that the utility (more than just a meme coin) mentioned by the two crypto experts is currently being developed with #ShibaSwap 2.0, Shibarium and the #Metaverse . Moreover, numerous applications will perform token burns on Shibarium, thus accelerating the elimination of the huge circulating amount of SHIB.

However, it is not yet known when the launch of Shibarium and the Metaverse will take place. Shibarium is likely to be released later this year, as teased by lead dev Kusama, and could be the catalyst for a furious upward trend. The price will thus depend on new (groundbreaking) use cases.

Currently, Binance does not list the Bone #ShibaSwap (BONE) for trade or service. Nonetheless, there are rumours circulating in the community regarding #BONE possibly listing on Binance soon. Price estimates for BONE range from $1.98 in 2024 to $4.31 in 2025, according to some #cryptonews .It's crucial to remember that these are only estimates, and that a number of variables, such as trading volume and #Cryptocurrencies market demand, will affect the real price of BONE. BONE is currently available for $0.616357. The price of BONE would fluctuate based on market conditions and investor attitude if it were to be listed on #Binance in the future.Nevertheless Bone ShibaSwap may reach back all-time high of $41.67

The forecasts differ based on different price projections for Bone #ShibaSwap ($BONE) in 2025:CoinDataFlow projects that the #BONE price will increase by 669.8% to $4.85.According to CoinCodex, the range for 2025 is $1.23 to $5.24.According to Gate.io, a peak of $1.58 might occur by 2030.By the end of 2025, DigitalCoinPrice predicts an increase of 207.11%, #crypt reaching $2.27.According to AMBCrypto's analysis, the range for 2025 is $2.55 to $3.83.These forecasts should be regarded as speculative since they are dependent on a number of variables. Since the #cryptocurrency market is so erratic, actual prices could be different from these projections. It is imperative to carry out comprehensive research and take into account various information sources prior to making any #Cryptocurrencies investment decisions.

The #cryptocurrency Bone ShibaSwap (BONE) has a number of price forecasts available. It is crucial to remember that these forecasts are not guaranteed to be accurate because they are dependent on a number of variables, such as previous price movements, market capitalization, trading volume, and more. The following are some Bone price forecasts:The price of $Bone is expected to be between $0.62 and $0.94 in 2023, with an average price of $0.78, according to AMBCrypto. With an average price of $0.81, the price in 2024 is expected to fall between $0.65 and $0.97. According to predictions, the cost will be between $0.83 and $1.26 in 2025, with an average cost of $1.05. TheNewsCrypto projects that the price of Bone will rise between $2.0429 and $3.7111 in 2023 while falling between $0.5 and $1.5. Additionally, they forecast that Bone's price may soon reach $5.The Bone #ShibaSwap price forecasts for 2025, according to SwapSpace, are remain largely optimistic, with some analysts predicting values in the $1.120464–$2.283 range.According to a Bone ShibaSwap price projection made by CCN.com, the token might reach $4.50 in 2025.According to Capital.com, the cost of Bone could reach $11.98 in 2030. It's crucial to remember that cryptocurrency markets are still incredibly unpredictable, making it challenging to predict with any degree of certainty what a coin's price will be in the future.The following things can have an impact on the Bone ShibaSwap price:Performance of the ShibaSwap platform: The demand and supply of BONE tokens can be impacted by the ShibaSwap platform's performance, which can therefore have an impact on the price of BONE. #Token supply and demand: The supply and demand of tokens for BONE might impact the price of BONE.Market developments Trends in the market, like as the overall health of the cryptocurrency market, can have an impact on the price of BONE.Whales' interaction: #Shibarium Marketing Strategist, LUCIE, claims that the whales' interaction is not the primary factor influencing the price of BONE.Algorithm-based forecasting services like Wallet Investor, for example, can make forecasts about the long-term trajectory of the BONE price.Prognostications for the near and long future: Prognostications for the near and long term can offer insights on potential price movements of BONE.ShibaSwap exchange rewards: The price of BONE may change in response to changes in ShibaSwap exchange rewards.In conclusion, a number of variables, such as market trends, algorithm-based forecasts, short and long-term predictions, ShibaSwap exchange rewards, and whale activity, can affect the price of the Bone ShibaSwap token.It's crucial to remember that there is no assurance that these forecasts will come true, and crypto investment entails risk.$SHIB #crypto2023 $ETH