HomeCrypto NewsMarketDavid Gokhshtein Wants To Retire & Delete His Twitter Account if Shiba Inu Goes To $0.01

David Gokhshtein Wants To Retire & Delete His Twitter Account if Shiba Inu Goes To $0.01

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Gokhshtein indicates that he is heavily invested in Shiba Inu.

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Gokhshtein Media founder David Gokhshtein in a tweet yesterday, joked that he would delete his Twitter account if SHIB clinches the $0.01 price point.

“SHIB, please hit one cent so I can delete this Twitter account,” Gokhshtein wrote.

By deleting his Twitter account Gokhshtein might mean retiring and relaxing for the rest of his life if Shib reaches $0.01. It also indicates that the former US Congressional candidate holds a substantial amount of SHIB and is optimistic about its price. It is no surprise, as the entrepreneur has often promoted Shiba Inu. Last November, he described himself as the unofficial leader of Shiba Inu, possibly based on his continued vocal support.

Notably, the suggested price move would represent a staggering 82,476% price surge from current levels. To be fair, the doggy-themed coin did see an outstanding 46,000,000% gain in 2021.

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It is worth noting that not all took the tweet from Gokhshtein light-heartedly. Caleb Franzen, a market analyst, pointed out that the entrepreneur’s target price was impractical as it would suggest that SHIB would have a $5.9 trillion market cap. For context, SHIB has a market cap of $6.65 billion at press time.

Franzen’s analysis likely does not take SHIB burns into context, as this value will probably change with a significantly reduced SHIB supply. As recently reported, Shiba Inu’s Ethereum Layer 2 solution Shibarium, will burn SHIB with every transaction. Proponents are hopeful that with mass adoption, it would burn trillions of SHIB at regular intervals.

The team is yet to release a launch date for the protocol at the time of writing. However, developers have consistently teased a near launch of the beta version.

Notably, Gokhshtein’s latest comments follow the cryptocurrency’s impressive price run last week. As reported, the asset’s price gained at least 23.3% in the week, peaking above the $0.000012 price point.

At the time of writing, it is exchanging hands on mainstream exchanges for $0.00001211, up only 0.16% in the last 24 hours.

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Author

Okoya David
Okoya David
Okoya David Kio is a crypto enthusiast passionate about understanding what makes the nascent market tick. When he's not pondering about cryptocurrencies, you might find him in a BP debate room trying to proffer solutions to age-old societal problems.

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