Shiba Inu’s cryptocurrency, SHIB, has dropped 20% in just 24 hours, falling to $0.000014. This price decline is part of a broader downturn in the crypto market, and SHIB’s weekly loss has now reached 25%.
Despite the drop in price, excitement is building in the SHIB community. Shytoshi Kusama, the lead developer of Shiba Inu, has teased a major announcement in a cryptic 23-second video.
The video, shared on X, includes mysterious phrases like “something is shifting” and “the key to the future is about to be unlocked.” Kusama ends the video with the words “Something big is coming,” sparking speculation about what’s next for SHIB.
Many SHIB holders are wondering if the upcoming announcement could involve a major partnership, a new upgrade to the Shiba Inu ecosystem, or a breakthrough innovation. Kusama had previously hinted at an upcoming partnership that could benefit all SHIB-related tokens, including BONE, LEASH, TREAT, and SHIB itself.
Despite the excitement, SHIB’s price continues to face challenges. At the time of writing, SHIB is trading at $0.00001442, with a market cap of $8.4 billion.
However, some investors remain hopeful that the price will stabilize and recover if SHIB can hold above key support levels. The 50-day and 200-day moving averages, at $0.000017 and $0.0000152, are important levels to watch for signs of a possible rebound.
As the community eagerly waits for more details, the cryptic video from Kusama has added a sense of anticipation to Shiba Inu’s future. What exactly is coming next for SHIB? Time will tell.
