As a researcher with a background in the crypto and blockchain industry, I have seen firsthand the passion and resilience of communities like the Shiba Inu (SHIB) ecosystem. The recent message from Lucie, the marketing lead of the SHIB team, is a testament to this spirit.
The marketing head of the Shiba Inu project, recognized as Lucie within the SHIB circle, has penned down a note for members of our community who have been voicing criticisms towards the Shiba Inu team and their primary projects – SHIB and Shibarium’s layer-2 solution.
“Go ahead and do it yourself”
Lucie published a message to address all those who have been pouring criticism on the Shiba Inu meme coin, the developer team behind it, as well as its ecosystem, including the layer-2 blockchain Shibarium.
Lucie courteously proposed a solution for those criticizing: if they believe they can improve, they should take action and “go ahead and implement it” themselves. The SHIB marketing head encouraged the large SHIB audience in the realm of blockchain and decentralized currencies to “strive to be the best SHIB” and succeed through personal involvement.
As a researcher studying the benefits of autonomy and distributed systems, I’d like to highlight one of its key advantages: the absence of ownership in the case of the SHIB ecosystem, specifically with regard to its Shibarium blockchain.
Critics have been voicing concerns about the SHIB team lately, specifically over the leisurely pace at which Shiba Inu tokens are being incinerated. In response, Lucie persistently asserts via tweets that the responsibility of burning SHIB lies with the community and that an increase in on-chain transactions will eventually lead to more tokens being destroyed through Shibarium.
“Diamond holder” dumps billions of SHIB
The Shiba Inu token’s official X account announced that a significant holder of SHIB meme coins, previously inactive, had sold an enormous quantity – approximately 50 billion tokens.
I purchased SHIB tokens on February 1, 2021, for the equivalent of 2 Ethereum (valued at approximately $2,625 at the time). Keep in mind that Shiba Inu was launched back in August 2020 and, by February 2021, it was a relatively obscure project with little faith placed in it by most people.
I’ve held onto my valuable crypto hoard for the past 3.5 years, and recently decided to cash in on my investment. The sale brought me an astonishing 278.1 ETH, which translates to a staggering $1.1 million at current market prices. My initial investment had yielded a massive return of 419x.
SHIB burns jump 79%
I’ve noticed an exciting development in the Shibburn tracker’s latest report. The SHIB burn rate has surged by nearly 80% over the past 24 hours! This means that approximately 5,573,534 SHIB meme coins have been transferred to unspendable wallets on the blockchain.
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2024-05-28 11:51