Shiba Inu (SHIB) burn tracker, Shibburn, has recently raised concerns about the creator of the meme coin, who goes by the pseudonym “Ryoshi”. The community project has alleged that Ryoshi’s actions are not in the best interest of the SHIB ecosystem. These allegations highlight potential dishonesty and greed that may have hindered the growth of the token and harmed the community.
Shibburn has accused the founders of deliberately forestalling the token’s burn rate by refusing to burn over 103 trillion SHIB. This particular allegation stems from Ryoshi’s alleged false claim about holding “0 SHIB”. It was later revealed that Ryoshi actually holds over $1 billion worth of SHIB, raising concerns about their lack of transparency. Furthermore, Shibburn believes that the founders have taken elaborate measures to conceal their holdings by constantly moving them across separate wallets, ultimately hindering the ecosystem’s growth.
The shocking revelations by Shibburn suggest that Ryoshi and the founders may have ulterior motives. Instead of being the visionary behind SHIB, Ryoshi is portrayed as part of a “group of greedy investors” who are solely interested in profiting off the community. The SHIB token is referred to as their “golden goose” – a means to enrich themselves while disregarding the development of SHIB itself and the community’s best interests.
Shytoshi Kusama, SHIB’s lead developer, also faces allegations from Shibburn. They question Shytoshi’s legitimacy as a “real dev” and suggest that the developer is similarly motivated by personal gain. Shibburn brings attention to the developers allegedly rewarding themselves with a “large amount of $BONE” during the creation of ShibaSwap. This may explain why BONE was designated as a gas token for Shibarium, potentially aiming to increase its utility and value.
Despite the serious allegations made by Shibburn, both Ryoshi and Shytoshi have yet to respond or provide any clarification. The official announcements blog, a platform known for regular updates from the developers, remains silent on the issue. This lack of response raises concerns about transparency and accountability within the SHIB community’s leadership.
Interestingly, Shiba Inu itself appears to be unaffected by these damning allegations. The absence of a response from the project’s official channels leaves room for interpretation. It is unclear whether Shiba Inu is unaware of the accusations or simply chooses not to address them.
The allegations made by Shibburn shine a spotlight on the shady side of the Shiba Inu project. The lack of transparency regarding SHIB holdings, questionable burning practices, and allegations of greed among the founders and lead developer raise concerns about the project’s future. It remains to be seen how Shiba Inu will address these allegations and regain the trust of its community.
