- $5.6 billion in SHIB has been traded in the past 24 hours across exchanges.
- Figaro Research has linked Vitalik Buterin in a trail of transactions that link his wallet to the deployment of Shiba Inu.
- Bricks Buster, a mobile game, burns SHIB through ad revenue to reduce Shiba Inu's circulating supply.
- Analysts expect Shiba Inu is ready to make an explosive move and resume its uptrend.
Experts investigating Shiba Inu have found a connection with Ethereum co-founder Vitalik Buterin. Buterin or Ethereum core developers may be associated with the Shiba Inu token's creation and development, according to findings by Figaro Research. The news has sparked a sudden rise in take-up of the coin over the last 24 hours.
Shiba Inu daily transaction volume exceeds $5.6 billion, as analysts are bullish on SHIB
The Dogecoin-killer Shiba Inu ranks eleventh by market capitalization. After flipping Dogecoin a few times, SHIB price has plunged nearly 15% over the past two weeks.
Shiba Inu is on track for recovery as SHIB on-chain activity explodes. The 24-hour SHIB trade volume has crossed $5.6 billion across exchanges.
A research firm named "Figaro Research" has surfaced with an investigation into Shiba Inu founder Ryoshi's connection with the Ethereum core development team.
The firm has thoroughly investigated the link between SHIB and Vitalik Buterin through blockchain records and transactions by different wallet addresses. The author of the research report believes that Vitalik Buterin's wallet "vb2" has funded wallet "X" that has close links with Ryoshi and the wallet address that deployed SHIB.
Interestingly, wallet "X" is significant since it has interacted with wallet addresses of developers in the Ethereum core team.
The findings are consistent with the speculation around the link between SHIB and the Ethereum development team.
Super Thread: Clearing the mist around the @ethereum OGs and @Shibtoken connection. $shib pic.twitter.com/yESQDHHMTZ
— Figaro Research (@FigaroResearch) November 11, 2021
