Shitoshi Kusama, known in the crypto space as a leading voice in the ecosystem around the Shiba Inu token (SHIB), made a number of high-profile comments on social network X. The comments affected both the entire cryptocurrency market and a popular meme – in particular, a token inspired by the Shiba Inu .
Sitoshi Kusama once again dispelled doubts about the centralization of Shiba Inu, writing that SHIB is completely decentralized and all tokens are distributed.
Regarding the requirement to burn more tokens, the influencer stated that in order to burn tokens, they, the ecosystem development team, must burn them or find unique ways to encourage adoption. “So we’ve built a technology stack that can compete with everyone in this space you call altcoin. This is how we will win,” Kusama concluded.
“Hey man, send Shiba to the moon.”
Verifies that we are still the #1 token in the world.
— Shitoshi Kusama™ (@ShytoshiKusama) November 21, 2024
In addition, media personality SHIB touched on the supremacy of the Shiba Inu token in the Ethereum ecosystem. SHIB is known to be primarily an ERC-20 token and surprisingly, it ranks number one in the Ethereum world by market capitalization with a market capitalization of $14.68 billion.
Kusama himself did not fail to remind us of this fact, saying that “they are still the number 1 token in the world.” Interestingly, this statement caused a reaction among some PEPE enthusiasts, but so far the “frog” meme token, also of the ERC-20 standard, has a capitalization of only $8.92 billion.
However, PEPE’s trading volume currently stands at $5.37 billion and SHIB’s at $1.44 billion. This is a difference of almost four times. We’ll let PEPE and Shiba Inu fans judge which one is the greater proof of size and dominance.
