Shytoshi Kusama’s tweet about SHIB burns triggered mixed responses, with some expressing amusement and others criticizing development progress.
Shiba Inu’s automated burn system, removing over 300M SHIB monthly, will undergo updates for enhanced efficiency and cost reduction.
SHIB burns currently rely on Ethereum, but plans include integrating the system into the Shibarium blockchain.
Shytoshi Kusama, the pseudonymous leader of the Shiba Inu project, has stirred varied responses from the SHIB community with a tweet appearing to mock SHIB burns. In his post, Kusama mentioned a “burn from the billion-dollar wallet,” seemingly building excitement. However, he clarified that no such burn occurred, joking that the wallet remained “frozen in time.”
https://twitter.com/ShytoshiKusama/status/1862665080766099486
This remark prompted a blend of laughter and criticism among community members. Some users shared humorous reactions, while others raised concerns about the progress of SHIB burns and the overall project development.
Ongoing Debate Over SHIB Burn Initiatives
The tweet referenced a post by @Shibtoshi_SG, the founder of the SquidGrow meme coin, who criticized the current state of SHIB burns and announced plans to burn 1 billion coins. This challenge sparked a heated discussion on X, formerly known as Twitter, with some users siding with Kusama and others expressing skepticism about his leadership.
Adding to the debate, major Shiba Inu developer Kaal Dhairya shared details on the current automated SHIB burn system. He highlighted that the system has been removing over 300 million SHIB from circulation monthly through Shibarium gas fees, which are paid in BONE tokens.
Plans to Enhance Shiba Inu’s Burn System
Dhairya also revealed plans to take the burn mechanism into maintenance to improve its efficiency and lower operational costs. While the burns currently occur on the Ethereum blockchain, future updates aim to integrate the process with Shibarium, the project’s proprietary blockchain.
Notably, the development team intends to create a more streamlined and cost-effective solution. Dhairya confirmed burning over 80 million SHIB recently, further indicating the team’s commitment to enhancing the burn rate.
Community Reactions and Next Steps
The mixed responses highlight ongoing tension within the SHIB community. While many support the development team’s efforts, others demand quicker progress. The upcoming updates to the burn mechanism represent a step toward addressing these concerns, with promises of greater efficiency and transparency.
