Finance

Shiba Inu Lead Shytoshi Kusama Teases Airdrop & Partnerships

10 hours ago
Bitcoin Ethereum News

Shytoshi Kusama, the lead developer for Shiba Inu, recently addressed the community on X, expressing optimism for collaborations and initiatives within the SHIB ecosystem. In addition, he also teased the possibility of upcoming crypto airdrops for the community.

Shiba Inu Lead’s Latest Statement

Emphasizing his role in the project’s growth, Kusama stated, “I am happy for any legit collaboration that plans on building on, partnering with, or airdropping ShibArmy. I just need people to understand I am not part of everything.”

Kusama highlighted his desire to focus on specific contributions rather than being involved in every project tied to SHIB. “I cannot, nor do I want to be, part of every project,” he wrote, wishing the best for all involved in expanding the ecosystem.

Meanwhile, the Shiba Inu community demonstrated its dedication to reducing SHIB’s supply with a dramatic surge in the token’s burn rate. Over the past 24 hours, the burn rate soared by an astonishing 23,265%.

Community Burn

Amid the optimistic statement, the Shiba Inu community has successfully removed approximately 270.7 million SHIB tokens from circulation. This significant effort underscores the community’s determination to support the project’s deflationary goals.

Data from Shibburn revealed that the largest burn involved 209.3 million SHIB tokens, executed by wallet address 0x0b5fe. This single transaction represented nearly 77% of the total daily burn volume, marking a key moment in the recent burn activity.

Other notable transactions included a 48.2 million SHIB burn by wallet 0x86839 and a 6 million SHIB burn from wallet 0xa713e. These efforts collectively signal the community’s commitment to enhancing the token’s long-term value by reducing its supply.

Also Read: Shiba Inu Burn Rate Skyrockets 23265%, SHIB Price to the Moon?

Source: https://www.cryptonewsz.com/shiba-inu-shytoshi-kusama-airdrop-partnerships/