143,545,520 SHIB on Move, Here's What's Happening

The SHIB community relentlessly continues to diminish the circulating Shiba Inu supply. Over the past week, the amount of scorched meme coins has surpassed one hundred million SHIB, according to the Shibburn tracking platform.

Meanwhile, the mysterious SHIB lead Shytoshi Kusama is back on the X platform with a major SHIB AI update after a more than two-week silence.

143,545,520 SHIB made nonreturnable

A recent tweet published by the above-mentioned data tracker, over the past week, the SHIB army has managed to dispose of an astounding meme coin chunk — 143,545,520 SHIB in total. Thus, the weekly burn rate is currently up by almost 19%.

HOURLY SHIB UPDATE$SHIB Price: $0.00001334 (1hr 0.21% ▲ | 24hr -7.79% ▼ )

Market Cap: $7,856,920,816 (-7.85% ▼)

Total Supply: 589,251,256,208,651

TOKENS BURNT

Past 24Hrs: 200,000 (-98.47% ▼)

Past 7 Days: 143,545,520 (18.98% ▲)

The largest chunks of meme coins burned this time included 23,383,374; 14,454,042; 18,356,090 and 13,091,149 SHIB. As for the past 24 hours, the result is not that impressive and constitutes merely 200,000 SHIB. This has been the only transaction during this period of time so far, with the daily burn rate deep in the red zone — minus 98.47%.

Shytoshi Kusama back with mysterious AI mention and “final paper” tease

On Thursday evening, enigmatic SHIB lead Kusama broke silence on the X platform after a two-week absence. He teased that is was “time for a final paper to tie it all together.”

No direct explanation followed; however, the two tweets he published shortly after that shed some light on what he might be up to at the moment, explaining his long absence and lack of social media activity.

Kusama is definitely working on something related to AI. During his recent absence, Shiba Inu‘s marketing lead, Lucie, also published several X posts on future prospects of artificial intelligence for blockchain and crypto, seemingly bullish. It seems that Kusama’s recent absence was due to his involvement in negotiations with venture capitalists regarding, possibly, an AI-powered upgrade coming to Shibariuum. He tweeted: “I am going back into AI web3 futurist VC zone.”

He also stated that he does not see many AI-related posts in his X feed, which he interpreted as “many have no idea what's coming,” meaning AI in general. “Explains why the leads of the ai companies can smile and know the outcome before many of us.”

Kusama stated that he would be gone away again now and would return in a month but still continued posting tweets after that.