Shytoshi Kusama posts a cryptic message after three weeks of silence, hints at possible upcoming SHIB update

SHIB's burn rate drops by 98.64%, showing a significant slowdown in token burning.

After nearly three weeks of silence, Shytoshi Kusama, the lead developer of Shiba Inu, returned with a short and cryptic message on Telegram.

“Next week, let’s get back to it, can we?” he posted.

The message itself was brief, but it quickly gained attention due to the accompanying image. It featured a mysterious hooded figure, calmly surfing an enormous wave. This, combined with Kusama’s words, sparked the anticipation of many SHIB fans, who are eagerly awaiting a major development, perhaps a significant price surge for SHIB.

However, recent data from the SHIB burn tracker shows that the meme coin’s burn rate has dropped to one of its lowest points.

In last 24 hours, only 847,698 SHIB tokens were sent to dead wallets, a decrease of 98.64%. Usually, the daily burn rate is valued in millions or even billions of tokens.

Shytoshi Kusama Drops Cryptic Message

Shiba Inu lead developer, Shytoshi Kusama, has returned with a short message on Telegram after nearly three weeks.

“Next week, let’s get back to it, can we?” he wrote.

There was no further information in the message.

But what also caught the attention of many was the image that Kusama shared with his post. It featured a mysterious hooded figure, who is surfing a giant wave.

The picture, along with Kusama’s words, quickly got many SHIB fans excited and curious.

Many were also sharing the post on X, like Shiba Inu’s marketing expert, Lucie. She said:

“Look @ShytoshiKusama in Shy telegram ☺️ Cooking?”

Her playful comment hinted that something might be brewing behind the scenes.

This made fans speculate on what could be coming next for SHIB.

SHIB Burn Rate Drops Sharply

The Shiba Inu community is actively engaged in burning SHIB tokens to help reduce the circulating supply.

But in the past 24 hours, there has been a striking slowdown in the burn rate. Only 847,698 SHIB tokens were burned, marking a decrease of 98.64%.

This marks a significant shift for a project that typically witnesses millions, or even billions, of tokens being burned on a daily basis.

Many in the community were surprised by this sudden drop in the burn rate.

Shiba Inu Price to Hit $0.000015 Level

Shiba Inu price has increased by 1% in the past 24 hours, and it’s now trading at $0.00001176, with a market cap hitting $6.91 billion.

If we take a look at the daily chart, SHIB has formed a small inverse head and shoulders pattern, which is often seen as a bullish sign, meaning a possible price increase could be on the way. If buyers step in, they may push the price toward the next big target of $0.000015.

As of now, SHIB is also getting close to an important resistance zone. Bulls are trying to push the price above the 50-day simple moving average (SMA) at $0.00001279.

On the other hand, if the price faces selling pressure again, strong support is expected near the $0.00001 level.