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Cryptocurrency News Articles
Shytoshi Kusama Celebrates SHIB and BONE Rally, Teases SHI Stablecoin
Sep 27, 2024 at 09:47 am
Shytoshi Kusama, the mysterious lead developer of the Shiba Inu SHIB/USD, shared a GIF, purportedly celebrating the breakout rally of the ecosystem's
Shytoshi Kusama, the mysterious lead developer of the Shiba Inu (CRYPTO: SHIB) ecosystem, appeared to be celebrating the breakout rally of the project's top cryptocurrencies on Thursday.
Kusama, who goes by the pseudonym, shared a GIF on X, showing Vegeta, a character in the popular anime series Dragon Ball, smirking after looking at a device.
The media possibly reflected Kusama's own sentiment after watching tokens like SHIB and Bone ShibaSwap (CRYPTO: BONE) rally sharply over the day.
SHIB, the ecosystem's biggest cryptocurrency by market capitalization, soared nearly 29% in the last 24 hours, rising to levels not seen since mid-June.
The coin's trading volume also more than tripled to $1.2 billion in the 24-hour period.
BONE, the token used heavily in decentralized exchange ShibaSwap and Layer-2 blockchain Shibarium, also rallied on Thursday, rising nearly 15%.
The rally comes after Shiba Inu's marketing lead, Lucie, teased details about the ecosystem's own stablecoin SHI, which was in the works.
First introduced by the project's founder, Ryoshi, in 2021, Lucie said that SHI is a "crucial development" and its introduction was aimed at enhancing the features of Shibarium.
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