The enigmatic lead developer of Shiba Inu (SHIB), known to the crypto community as Shytoshi Kusama, has once again piqued the curiosity of SHIB enthusiasts by making a mysterious change to the location status in the X app. This time, Kusama marked her location as China, leaving the SHIB community in a state of speculation. Here are the details…
SHIB inventor changes position
The incident came to light when @kuro_9696_9696, an X app user, shared a screenshot of Shytoshi Kusama’s X app profile with the SHIB community. The community quickly caught wind of this update, setting off a flurry of comments and discussions about what Kusama’s intentions might have been and whether she was just joking around with the SHIB military. This isn’t the first time Kusama has playfully changed her status. Earlier this year, it surprised the Shiba Inu community by changing its location to Japan, specifically Niseko, in late May.
At that time, Kusama informed the community that she was on vacation and taking a break before returning to hard work on the Shibarium. He stated that he was “resting and having fun like everyone else.” However, Kusama’s recent location as China has sparked new speculation about her activities.
Movement of Shiba Inu whales attracted attention
In other SHIB-related news, the SHIB market has seen some significant activity from crypto whales this week. According to data shared by leading crypto tracker Whale Alert, four large transactions involving approximately 20 trillion SHIB took place. Each of these transactions involved 4.5 trillion Shiba Inu meme coins, with a total value of more than $124 million in fiat currency. Notably, these transactions took place between anonymous wallets, contributing to the developments surrounding the Shiba Inu ecosystem. Two of these huge transactions took place on Friday. 4.5 trillion Shiba Inu were first sent to one wallet and then transferred to another wallet from the same recipient’s address. This ownership of SHIB, concentrated in a small number of wallets, including those associated with crypto exchanges, remains the focus of debate within the SHIB community.
Meanwhile, the Shiba Inu kill rate continued to decline for the second day in a row. The burn rate dropped by approximately 55 percent overnight, with approximately 17,998,335 SHIB meme coins remaining locked in “inferno” wallets. Despite 13 burns to date, the most significant of these transactions moved 6,634,200 SHIB to a dead Blockchain address. This decrease in the burning rate reflects the situation of the previous day. However, the amount of Shiba Inu tokens burned is quite large, with a rough estimate of almost 50,000,000 SHIB. As of the latest data provided by CoinMarketCap, SHIB is currently trading at $0.000006978 after experiencing a 3.77 percent increase in the last 24 hours.
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