SHIB developer speaks out: Don't count on burning tokens to boost prices, ecosystem applications are the right path

[Crypto World] Do you remember SHIB’s crazy surge in October 2021? It skyrocketed to an all-time high of $0.00008616, but what about now? It has already dropped by more than 90%.

Many people are pinning their hopes on token burns, thinking that reducing the supply will drive up the price. But developer Shytoshi Kusama recently poured cold water on this idea—burning tokens alone won’t save the price. His logic is straightforward: the SHIB ecosystem needs to actually be used.

What does “being used” mean? For example, creating more real-world applications on Shibarium, its Layer 2 network, so the token has genuine use cases rather than just relying on hype and deflation narratives. After all, investors now care more about whether a project has real-world value, not just its meme status.

Building out the ecosystem is definitely harder than burning tokens, but it might be the key to reigniting market enthusiasm.