The lead developer of Shiba Inu (SHIB), nicknamed Shytoshi Kusama, has been the target of SHIB fans for a while. The community of popular meme coin Shiba Inu claimed that Kusama did nothing to burn off the remaining token supply. The Shiba Inu developer has given an emotional response to fans of the dog-themed coin.
“Shibarium is the key to burning the circulating SHIB”
Two users accuse Shytoshi Kusama of doing nothing but promising to burn the rest of the SHIB supply. So they compare him to Brazilian politicians, whom they apparently dislike. Shytoshi Kusama felt the need to make a statement on this matter. The Shiba Inu developer said that neither he nor the entire SHIB community has all SHIB resources currently in circulation. Kusama stressed that in order to burn the remains of the supply, the community must buy.
Kusama also expressed discomfort at her accusations. Accordingly, he asked them to leave him alone, to ‘stop yelling’ at him. He also demanded that they let him do his job. Then, in a follow-up comment, Kusama shared that Shibarium is the key to burning the circulating SHIB.
Buying SHIB to burn later
cryptocoin.com As you can follow from our news, Shiba Inu developers are currently building Shibarium Layer 2, where SHIB Metaverse and Shiba Inu-based stablecoin SHI will be released when ready. Studies on these are currently ongoing.
When it comes to buying SHIB to burn, few projects are already doing this using profits from in-game ads. Alongside the games, Travis Johnson uses commission from the Amazon affiliate program and other profit sources to buy SHIB and burn it weekly.
SHIB price performance and whale activity
More than 1.3 trillion Shiba Inu tokens have accumulated after the 6% drop in price on September 13. According to ShibaPlay, a Shiba Inu watcher, the second most valuable meme coin has lost control at key support levels. Since then, hundreds of millions of transactions have taken place.
At press time, the altcoin was not working on recovery. CoinMarketCap shows that SHIB is trending further down 0.24%. According to analysts, their simultaneous occurrence is a sign that the short-term bottom of the SHIB is almost here.
Meanwhile, whales not only bought large volumes of tokens, many of them transferred in much the same way. According to ShibaPlay, a whale that bought 193,923,219,456 SHIBs transferred it, according to Etherscan. Subsequent processes followed a similar path. With the succession of warnings, the idea of “buying at the bottom” came to mind.
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