Shiba Inu lead developer, Shytoshi Kusama, has responded to criticism from a community member about the lack of significant price change for the Shiba Inu token (SHIB) despite the team’s hard work. Kusama emphasized the importance of “true work” rather than unnecessary noise, stating that those who make the most noise are not necessarily the ones doing the most work. The community member agreed with Kusama, acknowledging that while SHIB was not created as a money-making token, many people have invested heavily in its growth. Despite the token’s price remaining tepid and declining since the launch of Shibarium, the Shiba Inu team has been actively working to scale the network and keep the community updated. Shibarium has processed over 3 million transactions and over 1.2 million wallets have interacted with the network. The team has also implemented a burn mechanism to make the token deflationary, which is expected to increase its value as the circulating supply decreases. The community can anticipate more initiatives from the team, including the upcoming launch of “The Shib.” Currently, Shiba Inu is trading at around $0.000007181, down almost 1% in the last twenty-four hours.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 6 |
| People | Shytoshi Kusama, Kaal Dhairya, Lucie |
| Companies | Shibariumscan, Shiba Inu |
| Currencies | Shiba Inu |
| Securities | None |
