According to U.Today, the marketing lead of the Shiba Inu team, known as Lucie within the SHIB community, has responded to critics within the community. Lucie's message was directed at those criticizing the SHIB team and their major creations, including SHIB and the layer-2 solution Shibarium. She suggested that if these critics believe they can do a better job, they should take action themselves rather than just criticizing. Lucie emphasized that in the world of blockchain and decentralized cryptocurrencies, everyone can contribute and succeed.
Lucie also highlighted the freedom and decentralization of the SHIB ecosystem and the Shibarium blockchain, reminding readers that there are no owners. She encouraged those who think they can improve things to go ahead and do so. The SHIB team has recently faced criticism, particularly regarding the slow process of burning Shiba Inu tokens. Lucie has been responding to these criticisms by stating that burning SHIB via Shibarium is a responsibility shared by all and that increased on-chain activity will result in more SHIB coins being burned.
In other news, the official X account of the Shiba Inu token reported that a dormant 'diamond holder' of SHIB sold a significant amount of these meme coins, nearly 50 billion SHIB. The holder had purchased them on February 1, 2021, for 2 ETH, which was worth $2,625 at the time. After holding the coins for 3.5 years, the holder sold them for 278.1 ETH, valued at $1.1 million, resulting in a substantial gain of 419x.
Lastly, the Shibburn tracker reported a 79% increase in the SHIB burn rate over the last 24 hours. Approximately 5,573,534 SHIB meme coins were transferred to unspendable blockchain wallets.