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Cryptocurrency News Articles

Shytoshi Kusama Introduces “Growvember” as Shiba Inu (SHIB) Community Anticipates November Market Movement

Nov 04, 2024 at 08:06 pm

Shytoshi Kusama, the popular lead developer of Shiba Inu, reached out to the SHIB community through his X account (formerly Twitter), introducing

Shytoshi Kusama Introduces “Growvember” as Shiba Inu (SHIB) Community Anticipates November Market Movement

Shiba Inu (SHIB) lead developer Shytoshi Kusama has introduced a new term for November, coining it "Growvember" in his X account posts. This cryptic message has sparked speculation among the SHIB community, hinting at a potential bullish period for the meme coin and other Shibarium-linked tokens.

Kusama's post featured an anime-inspired GIF with the text "Yeah, well, you won't get quite Shy in Growvember." He disabled comments on this post, creating a sense of exclusivity around his message. This statement comes at the end of October, which is usually known for bullish crypto market movement and is called "Uptober" due to historical market gains.

By introducing the term "Growvember," Kusama might be hinting at a continuation of this trend for SHIB price, aiming to generate further interest within the meme coin community.

Meanwhile, Kusama addressed rumors about the TREAT token circulating on ShibaSwap. An X user claimed that TREAT was among the trending tokens on ShibaSwap, to which Kusama quickly replied, "Incorrect."

This comment aligns with previous warnings from the SHIB team, including marketing lead Lucie, who has clarified multiple times that TREAT has not yet been released. Lucie has consistently cautioned the community against potential scams and fake tokens.

Due to the decentralized nature of platforms like ShibaSwap, the Shiba Inu team cannot remove unauthentic tokens from the exchange.

Shiba Inu (SHIB) Lead Developer Introduces ‘Growvember’ As SHIB Community Anticipates Bullish November

In other news, SHIB marketing lead Lucie provided an update on the upcoming Bury 2.0 staking upgrade. It will be available on both the Shibarium and Ethereum chains via the ShibaSwap decentralized exchange.

According to Lucie, Bury 2.0 is a more advanced staking model that will allow users to earn governance rights and receive staking rewards. This new version will also offer "exclusive perks" with "market stability support" to the community.

Lucie also reiterated her warnings about scammers as the TREAT release nears. She advised the community to stay vigilant against fake tokens, warning that bad actors may take advantage of the excitement around Bury 2.0 and TREAT.

However, despite all the hype, there was not a single burn activity for SHIB in the past two days, according to Shibburn data. This indicates a loss of interest in the token within the community, which could be the reason for a sluggish start for SHIB in "Growvember."

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Other articles published on Nov 24, 2024