Even if a significant amount of Shiba Inu was transferred to the deceased wallet, the community is still unhappy.A person on Twitter with the handle @ Lady Crypto_ has disseminated the information that an incredible quantity of meme tokens, namely 64 billion SHIB, have been moved to an unprivileged wallet and are now locked there indefinitely.
SHIB worth a total of 64 billion meme coins has been removed from circulation, representing a sizable portion of the cryptocurrency. On the other hand, because the price of Shiba Inus is so cheap right now, this quantity of Shibas is worth less than one million dollars specifically, $662,400.
However, this year there was only one portal that had previously hyped about burning almost the same amount of the second largest canine crypto: the official Shib Burn portal. The announcer did not specify which portal the credit actually goes to; however, this year there was only one portal that had burned almost the same amount of Shibecoin.
Since it was first introduced in April, it has already consumed 15 billion bales and numerous components of between 20 and 25 billion SHIB. Users were not only given the ability to burn SHIB, but they were also given the opportunity to gain prizes for doing so. However, certain members of the Shiba community were dissatisfied with the manner in which the rewards were dispersed and the delays that followed; in fact, some of these individuals began to refer to Burn Portal as a hoax.
Now, according to a post on the Shiba Inu team’s blog from today, the team has made the decision to sever its links with the Ryoshi Vision team, which was the team that previously managed this Burn portal and which intends to host the gateway as part of the decentralised exchange Shibaswap.
On the other hand, SHIB supporters vented their frustrations at the news in the accompanying comment thread. The burn pace of SHIBs in general, and this one in particular, was exceedingly sluggish, according to what he indicated.Because the total supply of SHIB is greater than 500 trillion, it is possible that a long amount of time will pass before the price of the coin is affected in any way by the burning of meme coins.
