Shiba Inu Lead Clarifies Role in Hawk Tuah Airdrop Controversy
Shiba Inu lead developer Shytoshi Kusama has spoken out about the controversy surrounding the Hawk Tuah (HAWK) meme coin’s launch. In a series of tweets, Kusama clarified his limited involvement, explaining why he distanced himself from the project. He revealed that the Hawk Tuah team approached him months ago, asking him to become a Key Opinion Leader (KOL) or influencer. However, he turned down the offer, citing more pressing priorities within the Shiba Inu ecosystem. Airdrop Offer and Transparency Despite his initial rejection, the Hawk Tuah team reconnected with Kusama shortly before the token’s launch. They offered to airdrop $60,000 worth of HAWK tokens to the Shiba Inu community. Kusama, however, remained unimpressed. Related article: Shiba Inu (SHIB) Shows Potential for Growth Despite Market Challenges He acknowledged that, due to Shiba Inu’s decentralized nature, the airdrop would proceed regardless of his input. To maintain transparency, he allowed a retweet from Shiba Inu’s official account but emphasized that no formal partnership existed between Shiba Inu and Hawk Tuah. Market Collapse and Allegations HAWK launched on December 4, peaking at a $500 million market cap before crashing by 91% within hours. Accusations soon followed, with reports of insider wallets and sniper activity controlling 90% of the token’s supply. Related article: Shiba Inu Developer Hints at Shifu Token: A New Addition to the Ecosystem One wallet allegedly profited $1.3 million from rapid trading. Kusama expressed disappointment, criticizing the Hawk Tuah team for poor planning and pump-and-dump tactics. He pointed out evidence of insider trading, contradicting the team’s claims of fair distribution. In response, the Hawk Tuah team proposed an airdrop of tokens to Kusama, suggesting he distribute them to 3,000 wallets. Kusama rejected the offer, stating, “I don’t work for you. You work for the army.” He urged the team to follow proper procedures if they wanted to engage with the Shiba Inu community. Ultimately, Kusama left the decision to the SHIB Army. He created a poll for the community to decide whether to ignore or burn the airdropped tokens. Voting remains ongoing.
Shytoshi Kusama Dismisses Critics, Highlights SHIB’s Potential
Shytoshi Kusama, a prominent figure in the Shiba Inu (SHIB) cryptocurrency ecosystem, shared bold claims on social platform X. Addressing criticism and skepticism, Kusama defended SHIB’s structure and market position while emphasizing the team’s ongoing efforts to boost its adoption and utility. Reiterating SHIB’s Decentralized Nature Kusama strongly reaffirmed SHIB’s decentralized framework. He explained that all tokens are already distributed, directly countering allegations of centralization. His statement aimed to reassure the community and critics that SHIB operates as a truly decentralized entity in the cryptocurrency market. The call for increased token burns also surfaced in Kusama’s comments. He acknowledged the demand but clarified that burning SHIB requires strategic approaches rather than mere promises. Related article: Shiba Inu Gains 3.5%: Is a Breakout Imminent? Shytoshi Kusama highlighted the development team’s work on building a robust technological infrastructure to drive SHIB’s adoption. “We created a tech stack to rival any altcoin. That’s how we win,” Kusama confidently summarized. SHIB Dominates Ethereum Ecosystem Kusama also drew attention to SHIB’s dominance within the Ethereum ecosystem. As an ERC-20 token, SHIB leads the Ethereum-based token market with an impressive capitalization of $14.68 billion. Kusama proudly reminded followers, “We are still the number one ETH token globally.” Related article: Shiba Inu Price Surge: Whale Activity and Market Trends Examined This statement sparked reactions from supporters of PEPE, another meme-inspired ERC-20 token. Despite PEPE’s growing presence and a market cap of $8.92 billion, it falls short of SHIB’s valuation. Though SHIB leads in market capitalization, PEPE boasts higher trading volumes, currently at $5.37 billion compared to SHIB’s $1.44 billion. The disparity fuels ongoing debates among fans of both tokens about which metric better reflects strength and superiority. Ultimately, Kusama’s comments reinforced confidence in SHIB’s position while challenging critics to consider its long-term potential.
Shytoshi Kusama Outlines Goals for 2024 Ecosystem Strategy
Shiba Inu lead Shytoshi Kusama recently addressed growing curiosity about the ecosystem’s future. The update comes after earlier hints about a “full marketing plan” aimed at boosting the project in 2024. Kusama revealed on Twitter that this plan had been approved by “the powers that Shib.” The announcement excited the SHIB community and fueled speculation about upcoming developments, especially for Bone, the Shibarium gas token. Marketing Plan Sparks Speculation Shytoshi Kusama teased the upcoming plan in a tweet: “So, my full marketing plan for the end of, and all of next year, was finally approved by the powers that Shib. Rest of this week we detail. Then we woof. Shibarmy, your fav exchange so they can hear the barks.” Related article: Shiba Inu Price Surge: Whale Activity and Market Trends Examined The cryptic message sparked discussions among SHIB fans. Some speculated that Bone might get listed on a major exchange. A community member commented, “I don’t want to jump to conclusions, but it looks like Bone might be getting listed on a large exchange.” Shytoshi Kusama responded playfully, saying, “Proceeds to jump anyway. Lol. It’s so sad to see the army jump to conclusions. My plan has to encompass not just Bone but all aspects of what we have been working on, including Shib, Leash, Treat, and all the technology.” Focus on Expanding the Ecosystem Kusama’s response clarified that the plan involves all components of the SHIB ecosystem, not just Bone. The team continues to build and integrate elements such as Shibarium, its layer-2 blockchain, and Shiba Eternity, the ecosystem’s game. Related article: Shiba Inu (SHIB) Breaks Free from Long-Term Downtrend The plan also seeks to expand utility for SHIB, Bone, Leash, and the upcoming Treat token. The SHIB community eagerly anticipates more details, expected to be shared soon. Kusama’s updates highlight the team’s goal of creating a cohesive and comprehensive ecosystem that promotes its growing portfolio.
