On behalf of the Shiba Inu team, the official marketing head, Lucie, has sent out a tweet in which she provides a hint about the development currently taking place behind the scenes.

Although she did not disclose any specifics, her statement may be interpreted as rather bullish.

SHIB Exec Lucie Says 'The Future Is Bright'

Lucie disclosed that an "amazing amount of development and growth is happening behind the scenes." This is most likely a reference to the Shiba Inu team and Shibarium and projects working with the SHIB team and constructing their decentralized applications and ecosystems atop Shibarium.

Lucie further noted that "the future is bright" regardless of the fact that these changes will now influence the price of SHIB in the short term, as per U.Today. In addition, she stated that "all of the giants working together can build something exceptional."

An Essential SHIB Metric Soars To New Heights

The SHIB community has been successful in disposing of yet another considerable quantity of meme currencies through burning, which is the process of moving SHIB money to dead-end wallets, as reported by the Shibburn tracking portal. This accomplishment occurred over the course of the past twenty-four hours.

Since yesterday morning, the SHIB burn rate has surged by a staggering 6212.25%, while 10,248,752 SHIB have been permanently locked out of the circulating supply. The data source that was referenced earlier released this information.

There have been four transactions in total, and three of those transactions transferred these ten million SHIB to blockchain addresses that cannot be spent. Based on the information provided by Shibburn, these transfers carried a total of 5,562,297, 3,000,000, and 1,185,536 BIS.