ស៊ីបាអ៊ីនូ (ស៊ីប៊ី) continues its regular burning. All the while, far-fetched ideas swirl around the memecoin and its developers.
ដូច Bitcoin និងស្ថាបនិករបស់វា Satoshi Nakamoto, several crypto project founders maintain their anonymity and remain unidentified.
Sometimes anonymity surrounds not only the mastermind of the project, but also the team of developers. This is the case with the development team of Shiba Inu (SHIB), the 16th cryptocurrency in terms of market capitalization, according to CoinMarketCap.
The memecoin has been on a search for more utility by expanding its “reach” with a metaverse project, a stablecoin and more. Thus, the Shiba token community has grown.
As a result, members of this community wonder about the developers of the project, especially seeing as they are active on Twitter, unlike Satoshi Nakamoto.
Shiba Inu: Far-fetched theories
The crazy theories point mainly to Elon Musk, billionaire at large, and CEO of SpaceX and Tesla among others. Musk is a supporter of Bitcoin and whose comments about DOGE can send the price of the other famous memecoin rocketing within hours.
Some rumors say that Elon Musk is Shytoshi Kusama, the lead developer at Shiba Inu.
Among the most influential personalities in the crypto sphere who are rumored to be behind SHIB, Elon Musk and Vitalik Buterin, the founder of Ethereum, have come back to the fore several times. But Shytoshi Kusama’s Twitter account debunked these allegations early on.
Shiba Inu burns promise to intensify
Despite the speculations around Shytoshi Kusama, we can note that the token is still popular. It is often cited as a main investment alternative beyond Bitcoin and Ethereum, the “classic” tokens among holders.
Last week, the token rose almost 14% with a price of $0.00001225 per token.
More than one billion SHIB tokens have been burned in the past seven days. Shytoshi Kusama reiterated the community’s role in fostering development conducive to the cryptocurrency.
In fact, according to the developer, massive burns will require a community effort.
According to the data shared and updated daily by the Twitter account and the token burning site, the ស៊ីបប៊ន, more than 410,373,764,750,087 tokens have already been withdrawn from the original offering. That is, almost half of the maximum amount of tokens.
Source: https://beincrypto.com/shiba-inu-the-craziest-theories-surrounding-shib/