Shiba Inu Community Reacts to Lead Dev's Taunting Words About SHIB Burn

Shiba Inu's main developer, Shytoshi Kusama, recently stirred up the community with a sarcastic post on X, formerly known as Twitter, targeting Shibtoshi, the founder of SquidGrow. The exchange highlighted the tensions surrounding communication and progress within the project's ecosystem. Disputes arose after Shibtoshi announced a large SHIB token burn. The statement burned 1 billion SHIB tokens in one hour, aiming to reduce circulating supply and potentially increase its value. The announcement has attracted the attention of SHIB holders, many of whom see it as a proactive step towards improving the ecosystem. Kusama's reaction, however, was less than enthusiastic. He scoffed at the notion of large-scale fires stemming from exaggerated sources, saying: "Oh... is it not working? Is the wallet still frozen over time? Okay, let's get back to work." This comment has sparked a lot of divergent opinions. While some appreciate the humor, others criticize it as being dismissive and unhelpful in a time of concern about token burn rates. SHIB community asks for increased donations to burn The burning efforts of Shibtoshi, although warmly welcomed by parts of the community, have sparked debates about leadership roles. There are calls for the Shiba Inu team to enhance contributions to the burning initiative, while some urge Kusama to follow Shibtoshi's efforts. Critics point out the lack of urgency seen from the project leadership, with increasing disappointment over the delays in implementing large-scale burnings. Meanwhile, the increasing role of Shibtoshi in the community is not to be overlooked. His outspoken support for Shiba Inu and decisive actions, such as burning 1 billion SHIB, have made him an influential figure. Some in the SHIB community have even suggested that Kusama should communicate more directly with Shibtoshi instead of avoiding the discussion. However, not everyone agrees. A part of the community questions whether such burnings are enough to address larger ecosystem challenges. Despite the ongoing token reduction, critics argue that their scale still falls short of meeting the significant impact expectations on the price trajectory of SHIB. SHIB Price Soars Despite Low Burn It's interesting that the price of Shiba Inu has been trending strongly upwards, even as the burn rate has decreased significantly. Over the past month, SHIB has increased by 60%, including a 12% increase in just the previous week. This comes as the burn rate of the token dropped a staggering 85% in just 24 hours, with only 62 million SHIB tokens burned during that time. The clear separation between SHIB's rising price and falling burn rates has drawn attention across the crypto space. Analysts cite rising market demand and investor interest as factors driving the meme coin's strong rally Currently trading at around $0.00002843, Shiba Inu's upward trajectory reflects the overall growth of the cryptocurrency market. Analysts predict further increases if SHIB maintains its current momentum. The important resistance level at $0.000038 is being watched closely, with the potential for a breakthrough paving the way for a price increase towards $0.00005 by the end of 2024.