Shytoshi Kusama, the enigmatic leader of Shiba Inu (SHIB), appeared in Kyoto, Japan this week. Attending a large Web3 event, the SHIB leader shared his next target on his X account. Meanwhile, as the market recovers, the popular meme coin is recovering from its losses with a double-digit increase.
Shiba Inu leader causes ripples in the SHIB community!
Shytoshi Kusama’s “meet and greet” in Japan has the SHIB Army very excited. The community filled the SHIB booth with photos and videos of Kusama during the annual IVS 2024 conference in Kyoto. Kusama arrived there with two bodyguards and a local translator who helped her communicate with the event’s Japanese guests. She was dressed in black, wearing two masks and a hood to hide her true face. According to one of the videos on X, she was also wearing gloves and had a katana on her back.
In a post published today, Kusama thanked the organizers of IVS 2024 in Kyoto and the SHIB fans who came to meet her at the SHIB booth at the conference. The SHIB leader announced that his next stop is Mumbai. He did not say anything about a “meet and greet” there. But the community expects her to do so and invite Kusama to other places like Dubai, California, Delhi, etc.
SHIB up 15% on market recovery!
As you’ve been following on Kriptokoin.com, the popular meme coin Shiba Inu (SHIB) experienced a remarkable 24-hour surge. With a significant market rebound, the SHIB price skyrocketed by 15%. This sharp rebound caught the attention of the crypto community. It sparked curiosity about what could be next for SHIB.
After finding support as low as $0.0000127 during Friday’s trading session, Shiba Inu rebounded sharply, reversing the previous negative trend. The rebound continued at the time of writing, with SHIB up 15.27% to $0.00001538 in the past 24 hours. According to IntoTheBlock data, large holders, often referred to as “whales”, showed increased activity, triggering a 197% entry surge for SHIB and pushing its price higher.
What’s next for Shiba Inu?
As Shiba Inu is staging a rebound, the market is closely watching the SHIB charts for key levels that could indicate the next price move. However, for SHIB to maintain its upward trajectory, the broader cryptocurrency market needs to maintain its positive momentum. A stable or bullish market environment will be crucial for SHIB’s sustainable growth. If SHIB price continues its current recovery, it will face the next major hurdle between $0.000015 and $0.000019, where 433.96 trillion SHIB is held by 83,560 addresses, according to IntoTheBlock data. If SHIB prices fall, the $0.000014 level is monitored as intermediate support.
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