Shiba Inu (SHIB), a widely recognized meme coin, has recently seen a significant increase in its token burn rate, with about 80 million tokens incinerated, marking a 60% surge over the past 24 hours. Despite this substantial burning, the price of SHIB experienced only a slight decline. This activity has sparked discussions in the market about a potential pivot of the Shiba Inu ecosystem towards artificial intelligence (AI).
The speculation about Shiba Inu's potential AI venture gained momentum following comments from lead developer Shytoshi Kusama. On November 18, Kusama responded to former Coinbase CTO Balaji Srinivasan’s advice on the AI industry's shift towards decentralization, hinting at Shiba Inu's interest in the AI domain.
If Shiba Inu ventures into AI, it would mark a significant shift in its strategy, aligning with its goal to evolve into a versatile utility blockchain network. The Shiba Inu ecosystem has already made notable strides with the successful introduction of Shibarium, a layer-2 scaling solution, and the upcoming launch of SHIB identity on the blockchain.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
