Shiba Inu Coin lead developer Shytoshi Kusama has created a frenzy in the crypto space after indicating “a big week or weeks ahead” for the SHIB community. Through a series of X posts earlier today, the developer announced significant new updates for the broader Shiba Inu ecosystem. His comments stirred up the market and turned all eyes to the Shiba Inu, which has since risen by more than 3%.
Kusama prospecting Memecoins with real utility
THE Lead SHIB Developer also hinted at meme coins having real use. He wrote: “are you ready for memes with a REAL utility yet?…let’s give it a few more days, then WE’ll show you how to do it.“His statements created anticipation around SHIB and ecosystem tokens including BONE, LEASH and TO TREAT.
In another messageKusama has clashed with other blockchains like Solana. He confidently stated that in the future, no one should say that Solana (SOL) is better than ETH and any other L2 solution. Recent clues have given people reason to believe that the Shiba Inu ecosystem could incorporate revolutionary new technology.
Recently, the founder of marketing company Web3 Arcadia, Mickey, also supported the claims regarding upcoming developments in the SHIB ecosystem. “Some of the things they will be announcing soon are truly revolutionary and will shake up the space,“Mickey wrote on X on January 17, 2025 after speaking to Shytoshi Kusama and the Shib team.
Current performance of Shiba Inu
Shiba Inu coin price has seen a positive trend. SHIB is up around 3.7% during the day, with each token worth $0.00002135 according to Coingecko data. The intraday price range is between $0.00002205 and $0.00001977.
The coin also recorded a trading volume of $1.5 billion in the last 24 hours. Its current market capitalization stands at 12.5 billion and circulating supply at 589.2 trillion.
Based on Shytoshi Kusama’s comments, the Army SHIB is eager to learn about potential developments in the ecosystem. If the implied developments materialize, they could push the Shiba Inu price further.