SHIB Executive, But Here’s Catch

The official Shiba Inu marketing lead known under the pseudonym Lucie has taken to her account on the social media platform X (widely known as Twitter in the past) to share with the community her desired vision of SHIB’s price movement in the coming days.

SHIB to add 1,000% in 3 days? Affirmation

She warned that this was quite an ambitious affirmation of SHIB doing 1,000% over just three next days. Jestingly, Lucie said that she had told everyone about it, including her boss and her cat.

At press time, the second-largest meme cryptocurrency, SHIB is changing hands at $0.000013148. A 1,000% price growth would mean it would reach 0.000144628. Such a price jump in just three days seems unlikely. However, the community took Lucie’s affirmation enthusiastically and supported her with positive comments.

The SHIB team keeps repeating on X posts that Shiba Inu price growth can be largely fueled by increased adoption and utility. In particular, it can be fueled by an increased use of layer-2 solution Shibarium since every transaction is paid for with BONE. Thirty percent of this gas fee is set aside, converted into SHIB and then burned to reduce the 500-billion circulating SHIB supply.

SHIB burns rocket 4,883%

Data shared by popular wallet tracker Shibburn reveals that over the past 24 hours, thanks to the efforts of the SHIB community, the burn rate of this canine-themed cryptocurrency has surged by an impressive 4,833.98%. This spike was achieved thanks to the transfer of 15,828,602 SHIB to unspendable wallets.

Nearly all of this amount of crypto was burned in a single transfer, which carried 15,293,032 meme coins to a dead-end blockchain wallet.