• Shiba Inu lead developer Shytoshi Kusama teases ShibArmy with a cryptic tweet. 
  • Crypto Twitter speculates updates on Shibarium, Shiba Games, ShibaSwap or a new burn mechanism for the Dogecoin-killer. 
  • Analysts suspect SHIB could liquidate bulls with its bearish trend reversal. 

Shiba Inu project leader Shytoshi Kusama reappeared on Twitter with a cryptic tweet, after a fifteen day break. The mysterious disappearance of Shiba Inu’s founder Ryoshi had pushed the spotlight on Shytoshi Kusama, the lead developer. 

Also read: Three factors behind Shiba Inu price that can trigger an important movement

Shiba Inu developer posts mysterious tweet

Shytoshi Kusama, the lead developer of Shiba Inu, made a comeback on Twitter with a cryptic tweet,

Today I write. Tomorrow I will have a LOT to say #Shibarmy.

Kusama addresses the ShibArmy, the community of Shiba Inu coin holders, in his tweet, teasing a major announcement in the project soon. 

The Shiba Inu ecosystem has a few projects under development. Creator Ryoshi had kickstarted the development of Shibarium, a layer-2 scaling solution, and Shiba Games under his leadership. Since Ryoshi’s disappearance there have been consistent updates in the meme coin’s ecosystem. 

Before the recent tweet, Kusama affirmed that the development of Shiba Inu projects is going well and the community can expect an exciting announcement within the next few weeks. ShibArmy believes Kusama could reveal a key update on the development of Shibarium or a release date for the layer-2 scaling solution

The Unification Foundation told ShibArmy in a blog post on June 24 that Shibarium’s beta phase will be launched in Q3 2022. Shibarium is key to the Shiba Inu ecosystem and SHIB holders as the launch of the layer-2 solution would power the development of applications in the meme coin’s network. 

Shibarium’s launch could considerably reduce the transaction costs and time required to process transactions in the Shiba Inu ecosystem

Kusama teases ShibaSwap update?

ShibaSwap was launched in July 2021, since Shiba Inu’s decentralized exchange is fast approaching its anniversary, it is likely Kusama could share an update on the DEX

The native decentralized exchange of the Shiba Inu ecosystem has emerged as a staple of SHIB, and provides several functions like token swapping and liquidity pools, staking, governance and a “Shiboshis” non-fungible token (NFT) marketplace. 

Shiba Inu hits burn milestones, mechanism could change?

Shibburn, the portal that offers insights on the burn implementation in Shiba Inu, revealed that SHIB recently crossed the milestone of 410 trillion burned tokens. With the massive burn in Shiba Inu, the ShibArmy expects a change in the burning mechanism to speed up the act of removing SHIB tokens permanently from circulation. 

Over 41% of the circulating supply of Shiba Inu has been permanently destroyed, while the remainder is in circulation or staked on ShibaSwap. A shift in the burn mechanism could help SHIB pick up pace and destroy more tokens, contributing to a spike in value of Shiba Inu held by the community. 

Analysts predict Shiba Inu price decline

Akash Girimath, a crypto analyst at FXStreet, believes Shiba Inu price could disappoint bulls as the meme coin begins its downtrend. Shiba Inu price recently recouped its losses from the last fourteen days, but it is likely that bears will take over the Dogecoin-killer

Shiba Inu’s fair value gap extends from $0.0000082 to $0.0000093. The analyst believes there is a likelihood of panic selling in Shiba Inu and the meme coin could eventually drop lower to its FVG. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed Join Telegram

Recommended content

Recommended Content

Editors’ Picks

Dogecoin Price Prediction: How to trade DOGE as crypto markets coil up after recent crash?

Dogecoin Price Prediction: How to trade DOGE as crypto markets coil up after recent crash?

Dogecoin price shows signs of consolidation as it produces a potential top formation. While the direction of DOGE is decided, there might be a minor detour before reaching its target.

More Dogecoin News

Solana price action will get boring unless one of these levels is broken

Solana price action will get boring unless one of these levels is broken

Solana price shows a slow takeover of the bears after bulls managed to move the asset higher. Due to Bitcoin’s sudden sell-off, altcoins, including SOL, have taken a major hit.

More Solana News

Crypto Sleeping Giants: Hedera Hashgraph price could shock the world

Crypto Sleeping Giants: Hedera Hashgraph price could shock the world

Hedera Hashgraph has the potential to rally towards 2000%. Traders should keep the smart contract alternative token on their watchlists and consider a dollar cost average approach for investing.

More Cryptocurrencies News

Is a 75% decline still possible for the Ethereum Classic price?

Is a 75% decline still possible for the Ethereum Classic price?

Ethereum Classic price rallied 100% between July 12 and July 24 before a short consolidation unfolded. After a few shallow days of sideways congestion, the Ethereum Classic price kicked off another 90% rally.

More Ethereum Classic News

Bitcoin: If bulls lose control here, BTC could revisit $21,000

Bitcoin: If bulls lose control here, BTC could revisit $21,000

Bitcoin price shows an interesting setup that could reveal its next move. On closer inspection,  its technicals support a bearish outlook for the leading crypto.  

Read full analysis