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In a recent tweet, Ripple CTO David Schwartz hit the crypto meme Shiba Inu.
The top manager ridiculed the giant token supply, saying that the loss of the huge amount of SHIB tokens would have been a paltry $ 1.37.
Someone stole one hundred Shiba Inu coins today; losses are estimated at approximately $ 1.37.
Someone stole like a zillion Shiba Inu coins today; losses were estimated at like $1.37.
— 𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣 (@JoelKatz) December 9, 2021
The emission of Shiba Inu is a total of 1 quintillion tokens. Soon after the launch of the token, its creator Ryoshi, without his request, presented half of the giant proposal to the co-founder of Ethereum Vitalik Buterin.
Thus, he wanted to give weight to the coin, hoping that Vitalik Buterin would not sell the tokens received as a gift. However, in May, the Ethereum co-founder donated 50 trillion SHIB worth $ 1.14 billion to charity.
During the same month, Buterin burned 410.24 trillion tokens, distancing himself from the project.
Returning to Schwartz’s joke, we recall that last week SHIB tokens worth $ 33.4 million were stolen from the BitMart exchange.
Of course, this statement could not remain unanswered by active ShibArmy members:
At least the people who bought the SHIB made a profit, while the XRP holders have been holding the dead coin for 4 years.
Yet at least people who bought $SHIB made profit while $XRP holders have been holding a dead coin for 4 years now.
– Janmall (amaJamallBroome_) December 9, 2021
Indeed, Ripple’s token has dropped 75.83% from its all-time high. The XRP community blames this on a lawsuit filed by the US Securities and Exchange Commission against Ripple about a year ago.
Shiba Inu, despite a 59.65% correction from its October peak, continues to dominate the top performing cryptocurrency of the year. The situation is likely to change next year.
#XRP #Shiba #Inu #Backers #Exchanged #Mutual #Barbs
