Shytoshi Kusama, the lead developer of Shiba Inu, recently caused a stir in the SHIB community with a sarcastic post on X related to token burning.
This post targeted Shibtoshi, the founder of SquidGrow, and sparked mixed reactions, highlighting tensions in the ecosystem regarding the project's progress and communication strategies.
The controversy began when Shibtoshi announced that he had burned 1 billion SHIB tokens within an hour, a move aimed at reducing the circulating supply of this token and increasing its value.
Kusama responded by expressing excitement at the prospect of burning the 'billion-dollar wallet' but quickly dismissed the idea, saying, 'Oh... isn't it? That wallet is still frozen in time, right? Okay, back to work then.'
This comment seems to mock the concept of significant burns coming from sources that the community may overestimate. While some community members find this response amusing, others criticize it as dismissive and unconstructive, especially given ongoing concerns about the slow pace of SHIB burns.
Shibtoshi's burn and its impact
Shibtoshi's burning of 1 billion SHIB is seen as a proactive step to support the SHIB ecosystem. Reports indicate that the burn was executed swiftly, removing a large amount of SHIB from circulation.
While this move is welcomed by some SHIB holders as a positive contribution, others in the community challenge the Shiba Inu team to take more action to address ecosystem issues.
Some community members also called for Kusama to make corresponding donations, while Shibtoshi received significant praise from SHIB community members. Shibtoshi, who has voiced his support for Shiba Inu, is increasingly positioning himself as an influential figure in the community.
His actions, including the significant burn, highlighted the frustration within the SHIB Army regarding the project leadership's lack of urgency in executing large-scale burns. This burn also led the community to call for Kusama to stop avoiding Shibtoshi.
The exchange between Kusama and Shibtoshi once again placed the leadership of the Shiba Inu team under close scrutiny. Critics argue that while burns are being conducted, the scale is still not sufficient to meet the expectations of SHIB holders hoping for a significant impact on price.
However, many in the community remain optimistic as Shiba Inu is still the largest ERC-20 token. SHIB has risen over 52% this month to its current price of $0.00002984.