Right. So, the esteemed Lucie (a title bestowed, presumably, by herself) of the Shiba Inu marketing department has been letting the community know things. Via a thread on that newfangled X thing. Apparently, SHIB is now “the people’s coin.” Which is… bold. Like claiming you’ve invented rain. ☔️ It also appears people are remarkably hesitant to actually *build* things on Shibarium. Shocker.
New Way to Burn SHIB Coins (or, How to Make the Numbers Go Down)
Lucie points out, with the delicate tact of a rhinoceros doing ballet, that whilst everyone’s chatting about creating the next big thing for SHIB, very little has actually… materialized. The issue? Funding. It seems building stuff requires, and here’s the revolutionary bit, money. Who knew?
Unlike some blockchains that have a nice little piggy bank tucked away (Ethereum, Cardano, those showoffs), SHIB apparently lacks a dedicated treasury. Meaning anything built has to earn its keep before it can be built. A perfectly sensible loop of existential dread if you ask me. “A clear vision and solid execution” she suggests. Which is lovely. Assuming someone actually has a vision, and even more assuming they can execute it without dissolving into a cloud of bewildered confusion.
Everyone talks about building for SHIB but so far there is almost nothing made specifically for SHIB.
The reason is simple, building costs money.
There is no direct access to SHIB’s supply and no dedicated SHIB treasury to fund development. Any product for SHIB has to generate…
– 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) August 9, 2025
However! There’s a glimmer of hope! You can, apparently, earn SHIB by playing games created by the team. Think of it as digital hamster-wheeling for crypto. And here’s the kicker: playing those games also burns SHIB. So, you’re basically paying to make the remaining coins slightly more… valuable? It’s economics, people. Don’t try to understand it. Shibarium mysteriously incinerates SHIB with every transaction, a feature wildly popular with accountants.
Is SHIB Overtaking Dogecoin as “People’s Coin”? (A Question for the Ages)
Lucie maintains that SHIB “was, is, and always will be the people’s coin.” Now, this is familiar. Elon Musk, a fellow enthusiast of bold statements, once described Dogecoin as “the people’s currency,” which now occupies the prestigious 8th place on CoinMarketCap (valued at a rather impressive $35.4 billion). SHIB, meanwhile, has slipped to a distinctly less glamorous 22nd, with a market cap of $7.9 billion. It’s a bit like comparing a well-fed badger to a slightly-hungry field mouse. Don’t tell the mouse that though. It gets sensitive.
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2025-08-09 10:59