Shiba Inu Leader Says Burning 99.9% of Shiba Inu is Not Impossible
Posted on December 23, 2023The lead developer of the Shiba Inu ecosystem has argued that eliminating 99.9% of Shiba Inuโs circulating supply is not impossible.In a recent tweet, Shytoshi Kusama, the enigmatic leader of the Shiba Inu development team, expressed that bringing Shiba Inuโs current circulating supply to 0.1% of its size is a vision that can materialize.This bold declaration comes amid an exchange with a Shiba Inu critic. The context of the conversation was Shibariumโs soaring positive metric, with transactions reaching new counts of 150 million.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 went on to add that such a hypothetical scenario cannot be a reality because, according to him, Shiba Inu is trash.Shiba Inu Lead Says Nothing is ImpossibleHowever, the Shiba Inu ecosystem leader reacted to the criticโs view with a counterargument. Succinctly, Kusama said:โNothing is impossible except for you seeing how itโs possible. We push forward.โWith SHIBโs circulating supply at 580,925,715,095,591 (580 trillion), burning 99.9% would reduce Shiba Inuโs supply to 580 billion, which is still significant.Reacting to Kusamaโs 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:โPatiently waiting for Shytoshi Kusama. Canโt wait to see trillions of SHIB burn one day, and then everyone in the SHIB ARMY will be happy.โShiba Inu Teamโs Efforts to Burn SHIBNotably, the Shiba Inu development team has orchestrated the third and fourth editions of its routine Shiba Inu token burn based on fees accumulated from Shibarium transactions.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.As a result, the Shiba Inu team has burned a whopping 33,862,174,416 (33.8 billion) SHIB tokens this month alone.$SHIB
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