Steven Cooper on Shiba Inu Exit: "It Pains Me to Be Labeled as a Scammer"
The Shiba Inu community is once again buzzing after comments from Steven Cooper, the founder of Bigger Entertainment, the first-ever crypto record label. Cooper\'s recent statements have reignited the debate surrounding his departure from the project and his views on Shiba Inu\'s long-term viability.
Steven Cooper, CEO, and founder of American music label Bigger Entertainment has reacted to the recent dispute between Shiba Inu’s lead developer Shytoshi. His exit and subsequent commentary have sparked controversy, particularly his labeling of the meme coin as a potential pyramid scheme. SHIB Army strikes back at former big SHIB burner that slammed Shiba Inu as pyramid scheme.
According to Steven Cooper, Bigger Entertainment\'s CEO, Shiba Inu (SHIB), one of the popular meme tokens, is actually a pyramid scheme. This assertion has drawn significant backlash from the SHIB community, who remember Cooper\'s previous involvement in burning SHIB tokens through his entertainment platform.
Bigger Entertainment CEO Steven Cooper has come under fire from the Shiba Inu community for his critical stance. Steven Cooper, the CEO of Bigger Entertainment took to Twitter to mention Shiba Inu after nearly nine months, only to call it a scam. Cooper had worked relentlessly to burn SHIB tokens through initiatives like burning parties, aimed at reducing the circulating supply and theoretically increasing the token\'s value.
Cooper addressed the criticism in a recent statement, emphasizing the personal impact of the accusations. "It pains me to be labeled as a scammer and be accused of lack of transparency when it feels like the [Shiba Inu] team hides behind avatars, doesn’t share." He expressed frustration at being portrayed negatively, highlighting what he perceives as a lack of openness within the core Shiba Inu development team. He feels unfairly targeted, particularly given his past efforts to support the project.
This situation highlights the volatile nature of the crypto space and the potential for conflicts within decentralized communities. Whether Cooper\'s claims hold merit remains a subject of intense debate, but his words have undoubtedly added fuel to the ongoing discussion about Shiba Inu\'s future.
Ultimately, the Steven Cooper Shiba Inu saga serves as a cautionary tale about the risks and complexities involved in meme coin investments and the importance of conducting thorough research before participating in any crypto project.