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© 2026 Benzinga | All Rights Reserved
September 26, 2024 9:47 PM 1 min read

Shiba Inu Soars 29% On SHI Stablecoin Update: Lead Developer Shytoshi Kusama Teases Breakout With Dragon Ball Meme — Burn Rate Soars 33818%

by Aniket Verma
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FlipboardIcon version of the Flipboard logo

Shytoshi Kusama, the mysterious lead developer of the Shiba Inu (CRYPTO: SHIB), shared a GIF, purportedly celebrating the breakout rally of the ecosystem's top cryptocurrencies.

What happened:  On Thursday, the pseudonymous lead posted a meme on X, showing Vegeta, a character in the popular anime series Dragon Ball, smirking after looking at a device.

The media possibly reflected Kusama's own sentiment after watching tokens like SHIB and Bone ShibaSwap (CRYPTO: BONE) rally sharply over the day.

SHIB, the ecosystem's biggest cryptocurrency by market capitalization, soared nearly 29% in the last 24 hours, rising to levels not seen since mid-June. 

The coin's trading volume more than tripled to $1.2 billion in the 24-hour period, 

See Also: Maxine Waters Says ‘Crypto Is Inevitable,’ Other Countries Are ‘Way Ahead’ Of The United States

Additionally, BONE, the token widely used in decentralized exchange, ShibaSwap, and Layer-2 blockchain Shibarium, also bounced nearly 15%.

Why It Matters: The rally came after Shiba Inu's marketing lead, Lucie, teased details about the ecosystem's own stablecoin SHI, which was in the works.

First introduced by the project's founder, Ryoshi, in 2021, Lucie informed that SHI is a "crucial development" and its introduction was aimed at enhancing the features of Shibarium.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Posted In:
CryptocurrencyNewsMarketsShiba InuShibariumShytoshi Kusama
$BONEBone ShibaSwap
Not Available-%
Overview
SHIB/USD Logo
$SHIBShiba Inu
$0.0000050.18%

The SHI Stablecoin: A Key Development for Stability and Utility in the Shibarium Ecosystem

The SHI stablecoin is a crucial development within the Shib ecosystem, currently in the works and not yet released. Its introduction is expected to significantly enhance the Shibarium… pic.twitter.com/UyrJgnYR45

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$BONEBone ShibaSwap
Not Available-%
Overview
SHIB/USD Logo
$SHIBShiba Inu
$0.0000050.18%
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