Market Cap: $4.2775T 1.82%
Volume(24h): $203.0126B 7.89%
  • Market Cap: $4.2775T 1.82%
  • Volume(24h): $203.0126B 7.89%
  • Fear & Greed Index:
  • Market Cap: $4.2775T 1.82%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$124586.364639 USD

0.62%

ethereum
ethereum

$4670.671710 USD

3.33%

xrp
xrp

$2.983701 USD

0.18%

tether
tether

$1.000175 USD

-0.03%

bnb
bnb

$1209.430642 USD

2.76%

solana
solana

$231.365861 USD

0.51%

usd-coin
usd-coin

$0.999665 USD

-0.02%

dogecoin
dogecoin

$0.264657 USD

4.46%

tron
tron

$0.346415 USD

1.60%

cardano
cardano

$0.871586 USD

3.70%

chainlink
chainlink

$23.451270 USD

7.56%

hyperliquid
hyperliquid

$46.860071 USD

-2.96%

ethena-usde
ethena-usde

$1.000120 USD

0.04%

sui
sui

$3.611279 USD

1.08%

stellar
stellar

$0.407149 USD

0.96%

Cryptocurrency News Articles

Shytoshi Kusama Triggers Mixed Reaction From SHIB Community With Sarcastic Tweet About Burns

Nov 30, 2024 at 07:43 pm

Shytoshi Kusama, the enigmatic lead of the Shiba Inu team, has triggered a mixed reaction from the SHIB community with what seems to be a sarcastic tweet about SHIB burns.

Shytoshi Kusama Triggers Mixed Reaction From SHIB Community With Sarcastic Tweet About Burns

Shytoshi Kusama, the enigmatic lead of the Shiba Inu team, has triggered a mixed reaction from the SHIB community with what seems to be a sarcastic tweet about SHIB burns. He has also retweeted a post on the upcoming update of the automated SHIB burn system that the Shiba Inu team plans to implement soon.

"Burn from billion dollar wallet"

The pseudonymous lead developer shared his excitement about “a burn came from the billion dollar wallet, pre-announced.” But then he hinted that there was actually no burn and “that wallet is still frozen in time.” “Ok, back to work then,” he said, signing off.

I am so excited to hear that a burn came from the billion dollar wallet, pre-announced. Oh…it didn't? That wallet is still frozen in time? Ok, back to work then.

The SHIB community reacted in a mixed manner with some posting GIFs, showing they were laughing their heads off, while others began criticizing Kusama and revealing the original tweet that Shytoshi referred to.

It was a tweet published by @Shibtoshi_SG, the founder of the SquidGrow meme coin, who seems to be positioning himself as a SHIB influencer and challenging Kusama’s authority on X. The CEO commented on the recent 61 million SHIB burn, saying that he was raising it to 1 billion coins.

Many also sent critiques at Shytoshi Kusama for lack of progress with SHIB burns and Shiba Inu development in general.

SHIB devs burn 300 million SHIB monthly: Major SHIB developer

Kaal Dhairya, the top SHIB pseudonymous dev and the right hand of Shytoshi Kusama, has published a tweet about what is happening with the current automated system of Shiba Inu burns.

He made that post as a comment in a debate on the X app under Kusama's recent post. Dhairya stated that the “semi/auto” burns have been working for months now, burning over 300 million SHIB from circulation every month. The developer said that yesterday, he burned more than 80 million — these funds come from Shibarium gas fees paid in BONE.

Before you start spreading misinformation, maybe do some research. The semi/auto burns have been working for months, burning over 300M+ SHIB—in fact, I just burned 80M+ SHIB a few minutes ago and enjoyed the cool animation at the end. Soon, the burn will go into maintenance to… pic.twitter.com/qYF4cJfu1R

However, the developer warned that the burn system is going down into maintenance soon “to introduce an even better, cheaper burn mechanism.” First, he said that it would be running on Shibarium itself but then Dhairya corrected himself to say that SHIB burns will still be taking place on the Ethereum chain so far. But they are planning to improve that later.

Original source:u

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Oct 07, 2025