Shytoshi Kusama, the main developer of Shiba Inu, recently sparked controversy in the SHIB community with a sarcastic post on X regarding the token burning.
The post was aimed at Shibtoshi, the founder of SquidGrow, and sparked mixed reactions, highlighting tensions in the ecosystem over the project's progress and communication strategies.
The controversy began when Shibtoshi announced that they had burned 1 billion SHIB tokens within an hour, a move aimed at reducing the circulating supply of the token and increasing its value.
Kusama responds with excitement at the prospect of a "billion-dollar wallet" being burned, but quickly dismisses the idea, saying, "Oh...isn't it? Is that wallet still frozen in time? Okay, let's get back to work."
This comment seems to mock the notion of significant fires coming from sources that the community might overestimate. While some community members found this response funny, others criticized it as belittling and unconstructive, especially given ongoing concerns about the slow pace of SHIB fires.
Shibtoshi's burn and its impact
The burning of 1 billion SHIB by Shibtoshi is considered a proactive step to support the SHIB ecosystem. According to reports, the burning was carried out quickly, removing a large amount of SHIB from circulation.
While some SHIB holders welcome this move as a positive contribution, some members of the community challenge the Shiba Inu team to take more action to address ecosystem issues.
Some community members are also calling on Kusama to contribute accordingly, while Shibtoshi has received significant praise from SHIB community members. Shibtoshi, who has spoken out about his support for Shiba Inu, is increasingly positioning himself as an influential figure in the community.
His actions, including significant burning, highlighted frustration within the SHIB Army regarding the lack of urgency in the project management in carrying out large-scale burns. The fire also prompted the community to call on Kusama to stop avoiding Shibtoshi.
The exchange between Kusama and Shibtoshi once again brought the leadership of the Shiba Inu team under scrutiny. Critics argue that while the burnings are being carried out, the scale is not yet enough to meet the expectations of SHIB holders hoping for a significant impact on prices.
However, many people in the community remain optimistic because Shiba Inu is still the largest ERC-20 token. SHIB has increased by over 52% this month to its current price of $0.00002984.
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Shiba Inu Development Team Leader Sparks Debate Over SHIB Burn with Cryptic Post
Shytoshi Kusama, the main developer of Shiba Inu, recently sparked controversy in the SHIB community with a sarcastic post on X regarding the token burning. The post was aimed at Shibtoshi, the founder of SquidGrow, and sparked mixed reactions, highlighting tensions in the ecosystem over the project's progress and communication strategies. The controversy began when Shibtoshi announced that they had burned 1 billion SHIB tokens within an hour, a move aimed at reducing the circulating supply of the token and increasing its value. Kusama responds with excitement at the prospect of a "billion-dollar wallet" being burned, but quickly dismisses the idea, saying, "Oh...isn't it? Is that wallet still frozen in time? Okay, let's get back to work."
This comment seems to mock the notion of significant fires coming from sources that the community might overestimate. While some community members found this response funny, others criticized it as belittling and unconstructive, especially given ongoing concerns about the slow pace of SHIB fires. Shibtoshi's burn and its impact The burning of 1 billion SHIB by Shibtoshi is considered a proactive step to support the SHIB ecosystem. According to reports, the burning was carried out quickly, removing a large amount of SHIB from circulation. While some SHIB holders welcome this move as a positive contribution, some members of the community challenge the Shiba Inu team to take more action to address ecosystem issues. Some community members are also calling on Kusama to contribute accordingly, while Shibtoshi has received significant praise from SHIB community members. Shibtoshi, who has spoken out about his support for Shiba Inu, is increasingly positioning himself as an influential figure in the community. His actions, including significant burning, highlighted frustration within the SHIB Army regarding the lack of urgency in the project management in carrying out large-scale burns. The fire also prompted the community to call on Kusama to stop avoiding Shibtoshi. The exchange between Kusama and Shibtoshi once again brought the leadership of the Shiba Inu team under scrutiny. Critics argue that while the burnings are being carried out, the scale is not yet enough to meet the expectations of SHIB holders hoping for a significant impact on prices. However, many people in the community remain optimistic because Shiba Inu is still the largest ERC-20 token. SHIB has increased by over 52% this month to its current price of $0.00002984.