Ripple CTO David Schwartz mocked the huge supply of Shiba Inu (SHIB) in a recent tweet. cryptocoin.com We have compiled David Schwartz’s event comments for you.
Ripple CTO mocks huge supply of Shiba Inu (SHIB)
Ripple chief technology officer David Schwartz took a slap at the meme coin Shiba Inu in a recent tweet. David Schwartz, the architect of the XRP Ledger, mocked the massive supply of the token and joked that losing a zillion SHIB tokens would mean a loss of $1.37. Shiba Inu has an outstanding source of 1 quintillion tokens in total. Shortly after the token’s launch, meme coin inventor Ryoshi gifted half of the massive supply to Ethereum co-founder Vitalik Buterin without his consent.
Vitalik Buterin donated 50 trillion SHIB tokens to charities in May, after the Shiba Inu witnessed a massive rally in the wake of the Dogecoin craze. At that time, these tokens were worth $1.14 billion. Buterin burned 410.24 trillion tokens in the same month to walk away from the project. David Schwartz’s joke came after $33.4 million worth of SHIB tokens were stolen from the BitMart exchange last week.
Shiba Inu’s dazzling rally and reactions!
David Schwartz’s joke angered some members of the growing ShibArmy. One member studied XRP’s anemic price performance. The Ripple-linked token has dropped an astonishing 75.83% from its all-time high, remaining one of the few major cryptocurrencies that failed to reach a new high during this market cycle. The XRP community is paying the price for the lawsuit filed against Ripple by the US Securities and Exchange Commission roughly a year ago.
Despite a 59.65% correction from its October peak, the Shiba Inu continues to rank high among the best-performing cryptocurrencies of the year. Meme coin’s dizzying success has probably drawn the backlash from many market leaders. Earlier yesterday, Cardano founder Charles Hoskinson criticized BitPay for adding SHIB instead of ADA, claiming that ADA actually won the poll.
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