Shiba Inu (SHIB) has faced criticism recently for failing to fulfill certain transactions that were expected to have a positive impact on the token’s price. In response, a member of the SHIB team has provided an update to the community to address the concerns. The team member acknowledges that there has been a delay in the burn of $1.2 million worth of SHIB tokens. The burn was originally planned to take place on October 16th, but has been postponed due to technical reasons. The team member assures the community that the burn will still happen and asks for patience while they work on resolving the technical issues.
The delay in burning $1.2 million worth of SHIB tokens has left the community frustrated and disappointed. Many investors were expecting this burn to increase the scarcity of SHIB tokens and potentially boost its price. However, the SHIB team is working on resolving the technical issues causing the delay and has promised that the burn will still happen. They have not provided a specific timeline for when the burn will take place, but it is clear that they are committed to carrying out this transaction.
While the delay in the burn of $1.2 million worth of SHIB tokens is certainly a setback, it is important to remember that these things happen in the crypto world. Technical issues can arise unexpectedly, causing delays and disruptions. It is commendable that the SHIB team has addressed the concerns and reassured the community that they are actively working on resolving the issue. Hopefully, they will be able to overcome the technical challenges soon and carry out the burn, bringing some positive momentum to SHIB’s price. In the meantime, investors will have to exercise patience and wait for further updates from the team.
