The Latest Breaking News from Shiba Inu

Shiba burns have been a hotly debated topic among the Shib Army as many believe that it could help push the value of the SHIB upward.

The Shiba Ecosystem showcased its prowess in decentralized finance and the broader cryptocurrency industry this year by introducing a myriad of initiatives that Kusama described as major steps toward transforming the community into a truly decentralized one.

Unfortunately, the pseudonymous lead developer suppressed details of this announcement, and only teased "next week we have a VERY big announcement."

A Shiba Inu developer announced earlier this month that Shibarium, the layer-2 scalability solution of the Shiba Ecosystem, will implement a new Shib burning system, which is set to take effect in January.

The Shiba Inu development team, especially its pseudonymous lead developer Shytoshi Kusama, had been the target of massive "coordinated" FUD (fear, uncertainty, doubt) over the past months as some expected the burn rate would immediately increase following the launch of Shibarium in August.

Last week, there were three transactions that transferred BONE tokens to a wallet associated with Binance. This activity sparked speculation about the potential listing of the Shibarium gas fee token on the exchange.

Since its successful launch earlier this month, Shiba Ecosystem's The Shib magazine has become a habit for the Shib Army and even those outside the community.

Shiba Inu (CRYPTO: SHIB) was volatile during Tuesday’s 24-hour trading session, briefly firming up to trade flat before falling over 4%

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