by Vignesh Karunaidhi
Shiba Inu Burning is one of the notable initiatives of the SHIB developers. This initiative emerged to reduce the circulating supply of SHIB. This in turn is envisioned to create increased demand and a surge in SHIB prices.
Various SHIB users participated in the SHIB destruction program, sometimes number
Shiba Inu chief under the pseudonym Shytoshi Developer Shytoshi Kusama responded to allegations by SHIB supporters that he did nothing to burn the enthusiasm for the remaining stock SHIB.
Shiba Inu users accuse Shytoshi of burning less
Yayoi Kusama is accused of doing nothing but promising to destroy the remaining supply of SHIB from JEF SHIBA INU SOLDIER and Johnarrow Hawkfeather. Shytoshi replied that he and the entire SHIB community do not own all the Shiba Inus in circulation now.
According to the developer, the community must buy it to destroy the remaining supply. Then he tells them to go away, don’t “yell” at him, and give him space to do his job. Yayoi Kusama later said that Shibarium was the key to burning the last SHIB still in circulation.
You still don’t understand, do you? To burn supply, we have to buy supply. We can’t control the supply, so don’t yell at me, let me work
– Shytoshi Kusama™ (@ShytoshiKusama) September 13, 2022
Several projects are already acquiring SHIB because they burn money from in-game advertise. Travis Johnson uses his Amazon advertising network and other gaming revenue streams to buy SHIB and burn it once a week.
If SHIB developers step up the money-burning game, it will definitely cause the value of SHIB to skyrocket when the supply is low. According to Shibburn data, only 32,676,289 SHIB have been burned in the past 24 hours. That’s just a 66% increase in burn rate over the past 24 hours. A total of 410,380,427,633,498 SHIB was burned from the start.