The Shiba Inu community is getting impatient and wants 90% of the tokens to be burned immediately, but this is not going to happen.
SHIB community is impatient
The Shiba Inu community wants to get rich overnight. They get “tired” from the slow burns.
Shib Informer, a respected member of Shibarmy with 488,000 followers, has listened to the community’s feedback. However, he said in a tweet that such mass destruction will not happen anytime soon. This is because all tokens are on the market, owned by both investors and exchanges. He further noted in his tweet that the only way to burn Shiba Inu tokens are “community-led burn initiatives” that are already underway.
Stop asking for something like an 90% burn. Is not going to happen. All tokens are in the markets (holders & exchanges)
Until burns are integrated somehow into the ecosystem, community-lead burn initiatives are the way.BUT DYOR. If someone claims to be burning, demand proof!!!
— SHIB INFORMER (@ShibInformer) February 21, 2022
Shib Informer also has one of the tweets pinned to his Twitter profile. In it, he explains that the constant burn is healthy for the Shiba Inu ecosystem. According to him, this is the case because “these burns SHIB have a certain ‘usefulness’, provided everything falls into place.”
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917 million SHIB burned last week
Despite the complaints of some community members, SHIB tokens continue to be destroyed. The Shiba Inu Community has been able to burn a total of 917,202,013 SHIB tokens with 71 trades in the past week.
Bigger Entertainment and Bricks Buster were among the biggest burners last week. They both organized burn events on February 14 and 15 respectively. Bigger Entertainment reportedly destroyed 240 million SHIB coins. At the same time, the developer of Brick Buster’s game reported that it destroyed 415 million Shiba Inu (SHIB) coins during its scheduled burn event on February 15, 2022. Both parties collectively removed 655 million SHIB coins from circulation this week.
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