{"id":562253,"date":"2023-11-24T09:40:03","date_gmt":"2023-11-24T09:40:03","guid":{"rendered":"https:\/\/uniquehot.com\/?p=562253"},"modified":"2024-06-11T08:12:57","modified_gmt":"2024-06-11T08:12:57","slug":"shiba-inu-shib-founders","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-shib-founders\/","title":{"rendered":"Shiba Inu Community Project Calls Out Founders For Refusing To Burn 103 Trillion SHIB"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinist.com\/shiba-inu-scams-beware\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Shiba Inu (SHIB)<\/span><\/a><span style=\"font-weight: 400\"> burn tracker, Shibburn, has called out the creator of the meme coin, who goes by the <\/span><a href=\"https:\/\/bitcoinist.com\/whos-behind-shiba-inu-new-theory-about-ryoshi\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">pseudonym \u201cRyoshi\u201d<\/span><\/a><span style=\"font-weight: 400\">. The community project seemed to suggest that Ryoshi wasn\u2019t acting in the best interest of the <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-shibarium-public\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">SHIB ecosystem<\/span><\/a><span style=\"font-weight: 400\">.\u00a0\u00a0<\/span><\/p>\n<h2>How \u201cRyoshi\u201d Has Hampered SHIB\u2019s Burn Rate<\/h2>\n<p><span style=\"font-weight: 400\">In a series of <\/span><a href=\"https:\/\/x.com\/shibburn\/status\/13286149?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">posts<\/span><\/a><span style=\"font-weight: 400\"> on their X (formerly Twitter) platform, Shibburn alleged that the founders of the token haven\u2019t always been honest in their dealings. Specifically, the platform suggested that the founders have forestalled the <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-burn-90-5-spike\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">token\u2019s burn rate<\/span><\/a><span style=\"font-weight: 400\"> by refusing to burn over 103 trillion SHIB. This particular allegation stemmed from their statement about Ryoshi\u2019s SHIB holdings.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/ftt\/ftx-ftt-token-55-rally\/\">FTX\u2019s FTT Token Leads Market Gains With 55% Rally, What\u2019s Driving It?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Shibburn mentioned that Ryoshi lied about how much SHIB they held. They stated how the SHIB founder had, in their own words, claimed to hold \u201c0 SHIB\u201d as doing otherwise could bring about a <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-lead-dev-shib-price\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">conflict of interes<\/span><\/a><span style=\"font-weight: 400\">t. Meanwhile, that turned out to be a lie, as Ryoshi apparently holds over $1 billion worth of SHIB.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The founders have apparently gone to great lengths to hide their holdings as they keep moving them across separate wallets. In doing so, Shibburn believes that they have impeded the ecosystem\u2019s growth as some of these tokens are meant to be burnt. Shibburn went as far as alleging that Ryoshi didn\u2019t care about SHIB\u2019s development and was only out for themselves.<\/span><\/p>\n<h2>Shiba Inu Founders Only Out To Enrich Themselves<span style=\"font-weight: 400\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">As part of the shocking revelations, Shibburn mentioned that <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-founder-ryoshi-wallets-emptied\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Ryoshi<\/span><\/a><span style=\"font-weight: 400\"> may not be who many think of them as. Instead, they are said to be a \u201cgroup of greedy investors\u201d who are just looking to profit off the community. To achieve this, SHIB is said to be their \u201cgolden goose,\u201d which they use as a means to enrich themselves.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Besides Ryoshi, <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-dev-shibarium\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">SHIB\u2019s lead developer, Shytoshi Kusama, <\/span><\/a><span style=\"font-weight: 400\">was also caught up in the mix. Shibburn accused the developer of not being a \u201creal dev\u201d and suggested that Shytoshi was also out to make profits off the community. One instance that they alluded to was how the developers allegedly rewarded themselves with a \u201clarge amount of $BONE\u201d when ShibaSwap was created.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/avax\/avax-204-million-price-crash\/\">AVAX Holders Beware: $204 Million Token Unlock Could Trigger Price Crash Today<\/a><\/div>\n<p><span style=\"font-weight: 400\">Shibburn hinted that was the reason why <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-robinhood-bone\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">BONE <\/span><\/a><span style=\"font-weight: 400\">was made a gas token for <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-new-shibarium-feature\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Shibarium<\/span><\/a><span style=\"font-weight: 400\">, possibly in a bid to increase the token\u2019s utility and make it more valuable. Shytoshi has yet to respond to these allegations neither has anything been posted on the official announcements blog, where the developers are known to give regular updates.<\/span><\/p>\n<p><a href=\"https:\/\/bitcoinist.com\/bittrade-shiba-inu-xrp-lending\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Shiba <\/span><\/a><span style=\"font-weight: 400\">Inu<\/span><span style=\"font-weight: 400\"> also seems unfazed by these allegations. At the time of writing, the meme coin is trading at around $0.000008189, up in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/shiba-inu\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/DTZCmRi0\/\" alt=\"Shiba Inu SHIB price chart from Tradingview.com\" width=\"2650\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">SHIB price stalls as bulls vie for control | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">SHIBUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Coins.ph, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (SHIB) burn tracker, Shibburn, has called out the creator of the meme coin, who goes by the pseudonym \u201cRyoshi\u201d. The community project seemed to suggest that Ryoshi wasn\u2019t acting in the best interest of the SHIB ecosystem.\u00a0\u00a0 How \u201cRyoshi\u201d Has Hampered SHIB\u2019s Burn Rate In a series of posts on their X (formerly Twitter) platform, Shibburn alleged that the founders of the token haven\u2019t always been honest in their dealings. Specifically, the platform suggested that the founders have forestalled the token\u2019s burn rate by refusing to burn over 103 trillion SHIB. This particular allegation stemmed from their statement about Ryoshi\u2019s SHIB holdings. Related Reading: FTX\u2019s FTT Token Leads Market Gains With 55% Rally, What\u2019s Driving It? Shibburn mentioned that Ryoshi lied about how much SHIB they held. They stated how the SHIB founder had, in their own words, claimed to hold \u201c0 SHIB\u201d as doing otherwise could bring about a conflict of interest. Meanwhile, that turned out to be a lie, as Ryoshi apparently holds over $1 billion worth of SHIB. The founders have apparently gone to great lengths to hide their holdings as they keep moving them across separate wallets. In doing so, Shibburn believes that they have impeded the ecosystem\u2019s growth as some of these tokens are meant to be burnt. Shibburn went as far as alleging that Ryoshi didn\u2019t care about SHIB\u2019s development and was only out for themselves. Shiba Inu Founders Only Out To Enrich Themselves\u00a0 As part of the shocking revelations, Shibburn mentioned that Ryoshi may not be who many think of them as. Instead, they are said to be a \u201cgroup of greedy investors\u201d who are just looking to profit off the community. To achieve this, SHIB is said to be their \u201cgolden goose,\u201d which they use as a means to enrich themselves.\u00a0 Besides Ryoshi, SHIB\u2019s lead developer, Shytoshi Kusama, was also caught up in the mix. Shibburn accused the developer of not being a \u201creal dev\u201d and suggested that Shytoshi was also out to make profits off the community. One instance that they alluded to was how the developers allegedly rewarded themselves with a \u201clarge amount of $BONE\u201d when ShibaSwap was created. Related Reading: AVAX Holders Beware: $204 Million Token Unlock Could Trigger Price Crash Today Shibburn hinted that was the reason why BONE was made a gas token for Shibarium, possibly in a bid to increase the token\u2019s utility and make it more valuable. Shytoshi has yet to respond to these allegations neither has anything been posted on the official announcements blog, where the developers are known to give regular updates. Shiba Inu also seems unfazed by these allegations. At the time of writing, the meme coin is trading at around $0.000008189, up in the last 24 hours, according to data from CoinMarketCap.\u00a0 SHIB price stalls as bulls vie for control | Source: SHIBUSD on Tradingview.com Featured image from Coins.ph, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":562262,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,86002,89178,83667,89181,89289,89157,89425,84562,84558],"class_list":["post-562253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-burn","tag-shib-news","tag-shiba-inu","tag-shiba-inu-burn","tag-shiba-inu-founder","tag-shiba-inu-news","tag-shiba-inu-team","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\n<title>Shiba Inu Community Project 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