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Shiba Inu: Founder disappears - is SHIB threatened with a price crash?

 


The founding father of Shiba Inu is only known to the public under the pseudonym "Ryoshi". Who is behind it is always the subject of speculation, similar to the case with the inventor of Bitcoin.


Yesterday, the Shiba Inu community found out that Ryoshi has deleted all of his tweets and blog posts, thereby withdrawing from the project. As you can see from various voices on social media, this generally caused a surprise. The mysterious founder had repeatedly promised his departure.


But since Ryoshi has now disappeared from the stage, it looks to outsiders as if he made the exit in secret, because clues that make his withdrawal plausible have also been deleted. His contribution should no longer be necessary because enough developers continue to work on it.


SHIB price suffers from bear market

The rumors that are now circulating are also linked to the fear that the SHIB token could lose value. If you look at the weekly chart, you have to smile. As of press time, SHIB is trading at $0.00001187, down around 87% from its all-time high last year.


So the Shiba Inu token is not threatened with a crash, but has already experienced one. SHIB is currently suffering from bear market conditions similar to other altcoins. While Bitcoin has been able to recover a bit since the beginning of the week, altcoins are still quite sluggish.


It wouldn't be a surprise if the situation stayed like this. Because for many investors it is currently more attractive to wait for a reliable confirmation that Bitcoin could reverse the trend. Otherwise, one could risk just buying the rebound and end up taking a loss if the market were to make a new low.

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