{"id":3033039,"date":"2023-12-23T04:53:08","date_gmt":"2023-12-23T09:53:08","guid":{"rendered":"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/plato-data\/shiba-inu-leader-says-burning-99-9-of-shiba-inu-is-not-impossible\/"},"modified":"2023-12-23T04:53:08","modified_gmt":"2023-12-23T09:53:08","slug":"shiba-inu-leader-says-burning-99-9-of-shiba-inu-is-not-impossible","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/shiba-inu-leader-says-burning-99-9-of-shiba-inu-is-not-impossible\/","title":{"rendered":"Shiba Inu Leader Says Burning 99.9% of Shiba Inu is Not Impossible"},"content":{"rendered":"
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The lead developer of the Shiba Inu ecosystem has argued that eliminating 99.9% of Shiba Inu\u2019s circulating supply is not impossible.<\/b><\/p>\n

In a recent tweet, Shytoshi Kusama, the enigmatic leader of the Shiba Inu development team, expressed that bringing Shiba Inu\u2019s current circulating supply to 0.1% of its size is a vision that can materialize.<\/span><\/p>\n

This bold declaration comes amid an exchange with a Shiba Inu critic. The context of the conversation was Shibarium\u2019s soaring positive metric, with transactions reaching new counts of 150 million.<\/span><\/p>\n

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Amid the development, the Shiba Inu critic sarcastically asked Kusama to burn 99.9% of SHIB tokens, likely with the fees accrued from Shibarium transactions. The critic <\/span>went<\/span><\/a> on to add that such a hypothetical scenario cannot be a reality because, according to him, Shiba Inu is trash.<\/span><\/p>\n

Shiba Inu Lead Says Nothing is Impossible<\/span><\/h2>\n

However, the Shiba Inu ecosystem leader reacted to the critic\u2019s view with a counterargument. Succinctly, Kusama said:<\/span>
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<\/span>\u201cNothing is impossible except for you seeing how it\u2019s possible. We push forward.\u201d<\/span><\/i><\/p>\n

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Nothing is impossible except for you seeing how it’s possible. We push forward.<\/p>\n

\u2014 Shytoshi Kusama\u2122 (@ShytoshiKusama) December 21, 2023<\/a><\/p>\n<\/blockquote>\n

With SHIB\u2019s circulating supply at 580,925,715,095,591 (580 trillion), burning 99.9% would reduce Shiba Inu\u2019s supply to 580 billion, which is still significant.<\/span><\/p>\n

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Reacting to Kusama\u2019s statement, members of the Shiba Inu community welcomed the idea, noting that it merely takes patience to attain such a feat. Raul Valadez-Rayas, a U.S.-based Shiba Inu enthusiast, remarked:<\/span><\/p>\n

\u201cPatiently waiting for Shytoshi Kusama. Can\u2019t wait to see trillions of SHIB burn one day, and then everyone in the SHIB ARMY will be happy.\u201d<\/span><\/i><\/p>\n

Shiba Inu Team\u2019s Efforts to Burn SHIB<\/span><\/h2>\n

Notably, the Shiba Inu development team has orchestrated the third and fourth editions<\/a> of its routine Shiba Inu token burn based on fees accumulated from Shibarium transactions. <\/span><\/p>\n

The Crypto Basic has reported that the team has incinerated over 17 billion SHIB tokens in the last 24 hours in two transactions. The first transaction, which occurred yesterday, eliminated 8.53 billion SHIB. Meanwhile, in less than 23 hours, another 8.47 billion SHIB was burnt.<\/a><\/span><\/p>\n

As a result, the Shiba Inu team has burned a whopping 33,862,174,416 (33.8 billion) SHIB tokens this month alone.<\/span><\/p>\n

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Disclaimer<\/strong>: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic\u2019s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.<\/p>\n

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