Lucie, the marketing lead for Shiba Inu
recently addressed some confusion surrounding the SHY token, clarifying Kusama’s involvement and emphasizing that it does not equate to formal support for the project. She explained that SHY didn’t launch as initially thought on the Solana blockchain. Instead, Kusama had received a portion of the token’s supply, which led to his typical reaction.
As Lucie explained, Kusama’s involvement with SHY token was not part of any formal partnership or strategic support, but rather a result of him receiving half of the token’s supply from an unknown party. His response was in line with his usual approach to unexpected situations in the crypto space. First, he decided to burn a portion of the token to reduce its circulating supply. Then, he observed the situation closely to understand what was unfolding.
Kusama’s instinctive approach is often to take a step back and analyze the situation before making any decisions. However, when things began to go awry, with some rogue administrators apparently attempting to scam their own community, Kusama intervened to prevent further damage. This type of move has become characteristic of Kusama, as he tends to step in when chaos ensues, offering support when it’s needed most.
Lucie emphasized that while Kusama’s actions were crucial in mitigating potential issues within the SHY community, this does not mean he is officially backing the token. Instead, his role was more about responding to a volatile situation, where his presence was necessary to protect the interests of token holders and prevent scams from spreading further.
The events surrounding SHY highlight some of the risks and challenges that arise in the decentralized world of cryptocurrencies. Even with a strong community and promising projects, there are often issues like rogue actors or mismanagement that can lead to crises. Kusama’s quick reaction served to stabilize the situation, but it also shows that even in the world of Shiba Inu, not everything is as straightforward as it might seem on the surface.
