Shiba Inu Soars 29% in SHI Stablecoin Update – Lead Developer Shytoshi Kusama Teases Dragon Ball Meme Breakup – Burn Rate Soars 33818%

Shytoshi Kusama, the mysterious main developer of the shiba inu SHIB/USDshared a GIF, supposedly celebrating the big rally in the ecosystem's major cryptocurrencies.

What happened: On Thursday, the pseudonymous protagonist posted a meme on X, showing Vegeta, a character from the popular anime series Dragon Ball, smiling after looking at a device.

The media possibly reflected Kusama's own sentiment after seeing tokens like SHIB and ShibaSwap Bone BONE/USD rebound sharply throughout the day.

SHIB, the largest cryptocurrency in the ecosystem by market capitalization, soared almost 29% in the last 24 hours, reaching levels not seen since mid-June.

The currency's trading volume tripled to $1.2 billion in the 24-hour period.

See also: Maxine Waters says 'cryptocurrencies are inevitable', other countries 'far ahead' of US

Furthermore, BONE, the token widely used in decentralized exchange, shiba exchange, and layer 2 blockchain ShibarioIt also rebounded almost 15%.

Why it is important: The rebound came after Shiba Inu's marketing leadership, lucia, They teased details about the ecosystem's own stablecoin. S.H.I.that was in process.

First presented by the founder of the project, ryoshi, In 2021, Lucie reported that SHI is a “crucial development” and its introduction was aimed at improving Shibarium's features.

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