The post Shiba Inu Lead Drops Mysterious Video, Amid 20% Shib Price Crash appeared first on Coinpedia Fintech News
The crypto market is experiencing a major downturn, and Shiba Inu (SHIB) has not been spared. Over the past 24 hours, SHIB’s price has fallen by 20% to $0.000014, marking a 25% drop for the week.
While this decline has sparked concern, Shiba Inu’s lead developer, Shytoshi Kusama, has hinted at a big announcement in a mysterious video. This has left the community excited about what could be next for the SHIB ecosystem.
Big Announcement in a Mysterious Video
In a recent post on X, Shytoshi Kusama shared a 23-second video that has caught the attention of SHIB holders. The video includes intriguing phrases such as “something is shifting”, and “the key to the future is about to be unlocked.”
It suggests that a game-changing update is on the way, “Prepare Yourself, This Change Is Everything”, potentially impacting the entire crypto space.
The video ends with the words, “Something big is coming,” fueling even more speculation.
When asked for details, Kusama responded with a zipper-mouth emoji, suggesting that while something huge is in the works, the team is not yet ready to reveal it.
What Could Be Coming for SHIB?
Although Kusama hasn’t revealed much, the teaser has sparked discussions within the community. Many believe the announcement could involve a new partnership, a major upgrade, or a groundbreaking innovation for the Shiba Inu ecosystem.
This comes just days after Kusama hinted at revealing a powerful partnership that could benefit all SHIB-related tokens, including BONE, LEASH, TREAT, and SHIB itself. This has led to high expectations, with the community eagerly waiting to see what’s in store.
Shib Price Plunge By 20%
In the meantime, the price of Shiba Inu has dropped by 20% over the past 24 hours. As of now, Shib is trading around $0.00001442 with a market cap of $8.4 billion.
While the situation looks challenging, there’s still hope for a turnaround. If SHIB can stabilize near its current price range, a rebound might be possible. Key levels to watch include the 50-day and 200-day moving averages at $0.000017 and $0.0000152 respectively.
If SHIB can break above these levels, it could signal a shift in momentum and bring some relief to investors.