The Shiba Inu (SHIB) developers to burn 150 trillion SHIB

The Shiba Inu (SHIB) developers to burn 150 trillion SHIB

CoinMarketCap is a website that provides cryptocurrency prices, circulating supply, and other data related to cryptocurrencies like SHIB. The CoinMarketCap data is used by almost all cryptocurrency exchanges, including the largest cryptocurrency exchange Binance as well as Coinbase, RobinHood, Kraken and others.
The Wayback Machine is an archive of the internet. A search of the archives of the Wayback Machine show that on the 27th October 2021, CoinMarketCap reported the circulating supply of SHIB to be 394,796 billion. However, a day later, CoinMarketCap revised the circulating supply of SHIB to be 549,097 billion. This increase of approximately 154 trillion has been widely reported, with two negative effects.
- The price of SHIB fell as investors lost confidence in SHIB.
- The price of SHIB fell since the price is equal to the market cap divided by the circulating supply.
The SHIB developers should note
- Although you have disputed the CoinMarketCap figure, cryptocurrency exchanges use CoinMarketCap's data, not your own data. The price of tokens at the cryptocurrency exchanges is what is important to investors.
- Since you are an anonymous group, you can't expect CoinMarketCap to have discussions with you.
The loss of confidence in SHIB has possibly resulted in two other negative effects.
- Kraken failing to list SHIB, despite saying they would do if they received 2000 likes on Twitter.
- Robinhood not listing SHIB
We kindly request the developers of SHIB burn 150 trillion SHIB by sending them to a dead wallet. The positive effects this brings to SHIB will also benefit the SHIB developers.