Shiba Inu () continues to be burned frequently. Along with that, there are many “flying high” ideas surrounding this memecoin and the project developers.

Like and founders The mysterious Nakamoto, several project founders resolutely anonymous and has remained unidentified to date.

Sometimes, not only the head of the project is anonymous, but also the team of developers. Shiba Inu's team is one of them. Although derived from jokes, is now 17th largest by market capitalization according to CoinMarketCap.

Although often underappreciated, Shiba Inu is exploring more convenience by expanding "reach" through the project. , … Therefore, the SHIB community is constantly growing.

However, members of the community are very confused about the identity of the developer team, especially since they are still active on Twitter, unlike Nakamoto is completely "anonymously hidden".

Shiba Inu: Far-fetched theories

Crazy theories are mainly geared towards billionaires – is the CEO of SpaceX and among others. Musk is a supporter and his comments on could cause the top memecoin price to skyrocket within hours.

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Some rumors claim that is Shytoshi , the lead developer at Shiba Inu.

Among the most influential figures in the crypto space, Elon Musk and Vitalik Buterin – founders are the names that are rumored to be behind SHIB the most. But Shytoshi's Twitter account it's early rejected these allegations.

The number of burning SHIB promises to increase more and more

Despite the speculation surrounding Shytoshi Kusama, the token is still very popular. It is often considered a major alternative investment solution Bitcoin and , tokens that are “classic” in the mind of the holder.

Last week, the SHIB price increased by nearly 14% and traded at $0.00001225. However, at the time of writing, the price is down by almost 7% over the past 7 days to $0.00001156.

1 day SHIB price chart | Source: Tradingview

Follow Shibburn, more than 1 billion SHIB was burned in the last 7 days, through a total of 104 transactions. Shytoshi Kusama reiterated the community's role in promoting the beneficial development of this cryptocurrency.

In fact, the developer confirm the community needs to put in a lot of effort to be able to burn a large amount of tokens.

According to data updated daily by Twitter account and burning website Shibburn, more than 410,373,764,750,087 tokens have been withdrawn from the initial supply, or nearly half of the maximum number of tokens.

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Burn SHIB regularly

Such frequent burnings promise to gradually influence future prices. But there's no guarantee the price will hit $1 or even $0.10.

On the other hand, Shiba Inu is still the whale's favorite choice . According to statistics from WhaleStats, SHIB is one of the most used smart contracts among 5,000 whales Ethereum.

Out of 100 addresses Ethereum at the top, SHIB also appeared at the top of the chart and remained at the top from week to week.

There are two main drivers that encourage whales to buy SHIB: the means of payment and the expectation of price after it removes a few zeros in the fall of 2021.

Memecoin is currently establishing itself quite well and is generally one of the first choices when it comes to being accepted as a means of payment.

Shiba Inu is always looking to diversify and further develop its projects. The coming months promise to be very interesting as the development team discusses top projects: SHIB, The .

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