S&P 500 may face selling pressure as systematic funds reach full exposure
U.Today - In a recent tweet, the enigmatic Shiba Inu lead, known to the community under the pseudonym Shytoshi Kusama, revealed his plans that he will work on after he takes “some rest.”
Besides, he stated the team was gearing up for the most important announcement in SHIB history.
Shytoshi Kusama preparing for biggest announcement he has ever made
Kusama tweeted that after helping with another crypto project launched on Solana recently and working closely with its chief technology officer, he plans to have some rest. After that, he will again return to focus on SHIB and other major tokens from its ecosystem — BONE, LEASH and TREAT.Meanwhile, he said that he and the team are gearing up for “the biggest announcement” he has ever given on social media to the SHIB community.
Last week, Kusama announced that he was no longer the lead visionary of SHIB, but he has now taken up the role of the SHIB lead ambassador since the project does not need direct leadership any more.
SHIB burns plummet deep
The Shibburn data tracker has reported that over during the past 24 hours, the daily SHIB burn rate has fallen into the red zone, plummeting by almost 90% compared to the readings of this important metric a day before.Overall, so far, merely 1,100,569 SHIB meme coins have been transferred to unspendable blockchain wallets and out of the circulating supply. This amount of SHIB was destroyed in a single transaction.
SHIB price prints recovery
The second largest meme cryptocurrency by market capitalization size, SHIB, has demonstrated an increase of an impressive 9.31% over the past day as it recovered after the 11.65% fall faced on Monday.On that day, the meme cryptocurrency plunged, mirroring the price trajectory of Bitcoin. The world’s largest cryptocurrency crashed below $100,000 following the sell-off of major U.S. tech company shared on the market. That sell-off was driven by the explosive news of a big new AI player emerging in China — DeepSeek. Bitcoin plummeted following U.S. tech stocks due to its heavy correlation to that market.
DeepSeek is now a full-fledged rival of OpenAI since it has managed to create similar language models but at a fraction of what it cost OpenAI — only $6 million. The Chinese company managed to create its product much faster.