The SHIB project leader, Shytoshi Kusama, has stated that the current market is actually the best time to buy or burn Shiba Inu.
Good time to take advantage of current market situation
While the prices of most cryptocurrencies, including Shiba Inu, have fallen significantly in value recently, according to Kusama, it is a good time to take advantage of this. This can be done by, for example, selling or burning Shiba Inu tokens. He left this in a Twitter post know.
First of all, the resilience of the Shiba Inu holders was praised during the current situation in the entire crypto market. He then went into the odds of the crashed SHIB prizes. Kusama said the following:
“During this bear market is the best chance for everyone to buy SHIB or burn SHIB. Ryoshi would say this, the numbers don’t always go up, and it wasn’t a bad thing.”
Nearly 500 million tokens destroyed
Nevertheless, the market seems to be recovering somewhat today. Many crypto projects are experiencing significant increases today. Shiba Inu, for example, is already up more than 3%.
In the past, there has been much talk about the huge potential opportunities that the dip brings for the destruction of SHIB tokens. An official statement from someone from the Shiba team does make an extra contribution to this. Multiple Shiba owners are hoping this will speed things up in terms of the burn rate.
A few days ago, on June 18, approximately 366 million SHIB tokens were destroyed. A day earlier, another 110 million were destroyed. It is expected by the team that a lot can happen in the coming weeks. The project is being worked hard on all fronts, and results should be seen quickly.