Shiba Inu Fans in a Heated Argument on Twitter as SHIB Burn Soars 10,129%

As the Shiba Inu (SHIB) community awaits the Shibarium Beta launch, things are getting hot for community members on Crypto Twitter.

Two Shiba Inu fans with box gloves ready to fight it out, as Shiba Inu cartoon dog in a space costume is flying off to the moon.
  • Shiba Inu (SHIB) gained 19% since last week ahead of Shibarium.
  • Shiba Inu’s burn rate skyrocketed by 10129.62% in the last 24 hours.
  • Member of the SHIB Defense Breed is actively promoting a SHIB knock-off.

As the Shiba Inu (SHIB) community awaits the launch of Shibarium Beta, things are getting hot for community members on Crypto Twitter. One member of the SHIB Defense Breed, DefiKraken, personally attacked popular crypto influencer Lucie S., accusing the TOP 100 influencer of promoting rug pulls and scams.

In addition, the member of Defense Breed has more tricks up his sleeve. Previously known as ShibaKraken, the shady crypto enthusiast DeFiKraken is actively promoting a pump and dump scheme, $PAW, which copies the actual alternative currencies in Shiba Inu’s Ecosystem. 

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This new coin was spotted by other members of the community, who were not impressed with DefiKraken’s attempt to use Shiba Inu’s name and jump on the Shibarium hype to promote a separate project.

Twitter War Breaks Out, SHIB Burn Rate Surges 10129%

As previously reported, the beef in the doghouse escalated once leading developer Shytoshi Kusama decided to create a new Telegram channel for Shibarium, later cutting off prominent community members, including ShibaKraken, SHIB Queenie, Trophias, and others.

While SHIB Queenie and ShibaKraken are still on the Defense Breed, Shibarium developers Unification distanced themselves from Trophias. However, it seems that Shytoshi Kusama’s divide-and-conquer way of ruling bore fruit, as 92% of Shiba Inu (SHIB) community members voted for Shy to remain the leader of the development team.

On top of that, the intense dogfight between well-known members of the vast community inflamed the Shiba Inu (SHIB) burn rate by 10129.62% overnight. A whopping 21,970,601 Shiba Inu tokens were set ablaze, helping the memecurrency to sustain the comfortable #13 spot by global market capitalization.

Shiba Inu Price to Break Out of Bull Pennant?

According to crypto trader Ali, the mega-popular canine coin might be getting prepared to “stage a rally to the $0.000017 price territory.” At press time, Shiba Inu is changing hands at $0.00001415, gaining 19% in the last 30 days and 63.6% in the last 30 days.

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Shiba Inu intends to break out of a bull pennant, which was formed on January 18th, 2023, at the price range of $0.00001294. On top of that, most of the members are patiently waiting for Valentine’s Day, as Shytoshi Kusama previously dropped several clues indicating that Shibarium, the long-awaited Layer-2 upgrade, might be finally coming in a heart-shaped box.

On the Flipside

  • Despite verbal altercations within a crypto community not looking good in terms of reputation, quarrels on social media generate substantial social mentions for SHIB.

Why You Should Care

Shiba Inu was among the most-watched coins of 2022 and has a constantly growing number of total holders.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.