Crypto influencer and founder of Gokhshtein Media, David Gokhshtein, made a statement about a new meme coin. While stating that he is not interested in this new coin, Siba Inu (SHIB) again expressed his love. That is, he is among the investors who do not want to explore the newly launched meme coin. Here are the details…
David Gokhshtein declares allegiance to Shiba Inu (SHIB)
In a recent tweet, Gokhshtein expressed his unending support for the Shiba Inu (SHIB), saying he will remain committed to the meme coin. Gokhshtein added that he was not at all interested in “THE”, a newly launched meme coin. “I stick with SHIB – I’m not at all involved with THE,” Gokhshtein said. Thus, Gokhshtein first publicly supported the Shiba Inu. The cryptocurrency influencer often made positive predictions for SHIB.
I’m sticking with $SHIB — not interested in $THE at all.
— David Gokhshtein (@davidgokhshtein) October 23, 2022
Earlier this month, Gokhshtein predicted a “parabolic rally” for the Shiba Inu in the next bull run. This period serves as a catalyst for massive rallies in cryptocurrencies. Before making the prediction, Gokhshtein expressed regret that he did not make a substantial investment while investing in the meme-based cryptocurrency.
Shiba Inu burning continues
Meanwhile, the SHIB burn rate has dropped significantly over the past week. The Shiba Inu community has collectively burned 147.59 million SHIB in the past seven days. In the last 24 hours, it burned 45.16 million SHIB. Shibburn.com, the SHIB burn-tracking platform, recently reported that the Shiba Inu community destroyed a total of 147,590,806 (147.59 million) SHIBs in 48 separate transactions in seven days.
In the last 7 days, there have been a total of 147,590,806 $SHIB tokens burned and 48 transactions. #shibarmy
— Shibburn (@shibburn) October 23, 2022
THE and its sudden launch
As we reported on Kriptokoin.com, THE Protocol entered the market based on a proposal made by Ethereum co-founder Vitalik Buterin. Buterin jokingly spoke of the common use of “the” in English. It didn’t take long before anonymous people took Buterin’s suggestion seriously and decided to launch a token.
Referred to by some as the Shiba Inu killer, the token gifted Buterin 100 million units of cryptocurrency. As it is known, the SHIB team also sent a large amount of SHIB to Buterin’s wallet when the coin was first released. The move of THE team thus makes Buterin the largest token holder. Since the creation of THE, the token’s value has increased by over 1,000 percent. Still, at the time of writing, THE was down 7.5 percent, according to the data. Despite the coin’s record at $0.0390, the coin is currently at $0.01508.
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