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Market News

Shytoshi Kusama Declares Massive Token Burn ‘Not Impossible’

Written By:
Iyiola Adrian

Last updated: December 23, 2023 12:28 PM
Published 2023-12-23
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Shiba Inu Introduces ‘SHIB: The Metaverse’

In a recent tweet, Shytoshi Kusama, the mysterious leader of the Shiba Inu development team, expressed that bringing Shiba Inu’s current circulating supply to 0.1% of its size is a vision that can materialize.

Burn 99.9% Shy. Oh yeah, that’s impossible. Shiba is trash.

— Boomer Sooner (@BoomerCrypto37) December 21, 2023

This bold declaration comes amid an exchange with a Shiba Inu critic. The context was Shibarium’s soaring positive metrics, with transactions reaching 150 million. 

Amid the milestone, the critic jokingly asked Kusama to burn 99.9% of SHIB tokens from Shibarium fees. The critic dismissed this as impossible, calling Shiba Inu trash.

However, Kusama argued that nothing is impossible, saying “We push forward.” With SHIB’s supply at 580 trillion, burning 99.9% would leave 580 billion tokens – still substantial.

Shiba Inu community members welcomed the idea, noting it just takes patience. Raul Valadez-Rayas said patiently waiting to see trillions of SHIB burned would make the community happy.

The Shiba Inu team has already burned over 33 billion SHIB tokens this month across two transactions. This aligns with their efforts to routinely burn tokens from Shibarium fees.

🔥 4th $SHIB Burn Alert! 🔥

Enjoy these #Shibarium flames. pic.twitter.com/jlYSlhl9hG

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) December 22, 2023

Also Read: Shiba Inu Memecoin Launches ‘.shib’ Web3 Domains For Users

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
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Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.

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