Shytoshi Kusama, the lead developer of the popular meme coin Shiba Inu, made a mysterious post on his Twitter account. The SHIB inventor has announced that an update is coming soon, which he says is ‘exciting’.
Shiba Inu inventor: Coming soon!
Shytoshi Kusama, the lead developer of meme coin Shiba Inu, shared that there will be some developments soon to add excitement to SHIB Army. Although the update that Kusama mentioned remains a mystery, there are some clues. The Shiba Inu inventor tagged Shiba Eternity and Shibarium in his Twitter post. This seemed to give a subtle hint of what the update might be about. Shytoshi Kusama used the following statements in his tweet:
It works upside down. The update is coming soon and I think you will like it.
Head down working. Update coming soon and I think you will love it. #ShibaEternity #Shibarium #SHIBARMY
— Shytoshi Kusama™ (@ShytoshiKusama) October 29, 2022
As you follow on Kriptokoin.com, Shiba Eternity, SHIB’s collectible card game, went live on both Android and iOS devices worldwide on October 6th. The Shiba Inu team developed Shiba Eternity in partnership with PlaySide Studios. In a row, the game entered the top 20 games on the Apple App Store on the first day of its release.
According to the Shiba Inu team, Shiba Eternity allows players to choose from 10,000 Shiboshi heroes and 500 collectible cards. The team argues that Shiba Eternity is the most complex collectible card game ever released. When the developers released the game, it caused quite a stir in the community. However, many are now looking forward to the debut of Shiba Inu’s Layer-2 solution, Shibarium. Kusama says the Shibarium will be available ‘soon’, without giving an exact date.
Significant increase in SHIB long-term holders
The original meme coin, Dogecoin (DOGE), exploded after Tesla CEO Elon Musk took over Twitter. However, other meme coins also got their share from this development. One of them was undoubtedly the second biggest meme coin, the Shiba Inu. Shiba Inu jumped from $0.00001154 on October 29 to an intraday high of $0.00001519 as attention shifted to meme coins. Besides, large transactions on the network have increased by 195% since last day. SHIB, on the other hand, wiped out a significant portion of its massive gains. At press time, the meme coin was trading at $0.000011197, down 12.85% on a daily basis.
Meanwhile, SHIB now sees the highest percentage of long-term holders, according to IntoTheBlock data. This sets a new milestone in the metric. Percentage of long-term holders reached its highest ever level of 43%. Also, the rate of medium-term speculators continues to decline. Meanwhile, the percentage of short-term holders remained relatively stable.
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