As a seasoned researcher with years of experience in the cryptocurrency market, I have witnessed the rise and fall of numerous tokens and projects. However, one name that consistently stands out is Shytoshi Kusama, the enigmatic figure behind the popular meme-inspired token, Shiba Inu (SHIB).
Shytoshi Kusama, who is well-regarded as a prominent figure within the Shiba Inu (SHIB) token community in the crypto world, shared several notable remarks on social platform X. These comments encompassed broader topics related to the entire cryptocurrency market and specifically focused on the popular meme-inspired SHIB token.
Shytoshi Kusama reiterated that there’s no central control over Shiba Inu, emphasizing that every Shiba Inu token has been evenly distributed.
To clarify the need for burning more tokens, Kusama explained that it is either the ecosystem developers’ responsibility to burn them or find innovative methods to boost their usage. “We’ve developed a cutting-edge tech stack to stand out in this altcoin market,” said Kusama. “Through this approach, we will emerge victorious.
“Hey dude send Shib to the moon.”
Checks we are still #1 eth token in the world.
— Shytoshi Kusama™ (@ShytoshiKusama) November 21, 2024
Furthermore, the influential voice from the Shiba Inu community emphasized the prominence of the Shiba Inu token within the Ethereum network. Notably, SHIB is primarily recognized as an ERC-20 token and remarkably holds the top spot in the Ethereum realm in terms of market capitalization, boasting a staggering value of $14.68 billion.
Kusama himself didn’t shy away from pointing out this truth, emphasizing that Ethereum remains the leading Ethereum token globally. Intriguingly, this remark stirred up some PEPE supporters, but at present, the meme-inspired PEPE token, also an ERC-20 token, boasts a market cap of merely $8.92 billion.
On the other hand, PEPE’s current trading volume stands at approximately $5.37 billion, whereas SHIB’s is around $1.44 billion. This difference nearly quadruples in favor of PEPE. It’s up to the supporters of PEPE and Shiba Inu to decide which one indicates a greater size and superiority.
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2024-11-22 13:55