Is Shiba Inu Dead Now - Shiba Founder Deletes All Blogs and Tweets

Is Shiba Inu Dead Now – Shiba Founder Deletes All Blogs and Tweets

Updated: 25 May 2023

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Shiba Inu’s pseudonymous founder, who went by the name, Ryoshi, has joined the Bitcoin founder Satoshi Nakamoto’s legacy and has deleted all the tweets and blogs yesterday.

The last post by Ryoshi precisely about a year ago said, “I am not important, and one day I will be gone without notice. Take the Shiba and journey upwards frens.” But this was not the only time Ryoshi talked about disappearing.

“I have said from the beginning, I am a nobody, I am not important,” the creator allegedly said in a deleted Medium post. “Even if successful, the efforts to uncover my ‘identity’ would be insufficient. I’m just some insignificant man pounding away at a keyboard, easily replaceable. My name is Ryoshi.”

In another post, the founder wrote, “Every Shibarmy is Ryoshi. It does not represent someone but the glory of Shibarmy!.”

Is Shiba Inu Dead – Ryoshi Deletes Social Media

While Ryoshi’s Twitter account goes by @RyoshiReseach and is still active, all of the postings are deleted. The founder has replaced his profile photo with a photo of Buddhist Jetsun Milarepa, a well-known Tibetan poet, and yogi. A cloud and a half-moon are featured in his account’s header image. Also, all four SHIB blogs on Ryoshi’s Medium platform have been removed.

Ryoshi left while Shiba Inu is still against severe competition from the Bitgert (BRISE) project. Shiba has struggled to compete with utility projects like Bitgert as a meme coin. Bitgert has attracted a large number of selling SHIB investors. This includes the Shiba Inu whales who are stocking up on Bitgert BRISE this year.

Will Shiba Inu Recover – Whales Buying Shiba Inu

In other news, among the wealthiest Ethereum whales, SHIB is the most held coin. Individuals or entities that retain vast amounts of a cryptocurrency’s coins are referred to as “whales” in crypto terminology. Ethereum “whales” appeared as one of the largest holders of Shiba INU, with up to $1 billion SHIB, according to the famous crypto tracker Whale Stats,

In the meantime, Shytoshi Kusama, the lead developer being Shiba, wrote a blog post confirming Ryoshi’s dedication to the project’s success where he mentioned that Ryoshi’s decision of remaining anonymous would contribute to the “mystique and awe of our mythos.” The blog stated, “We’ve built from the ground up, never paid an exchange for a listing, and revolutionized “meme” tokens by growing exponentially.”

Will Shiba Inu Go Up?

For reasons unknown, whether Ryoshi will be back in the community or was it a celebrity move, the fact is this sudden departure does not appear to have any effect on the Shiba Inu price.

Shiba Inu price seems unchanged even after the founder deletes his tweets

Some investors wonder if ‘Shiba Inu is dead’, and Ryoshi deleting his tweets might cause some to panic sell Shiba Inu, but according to the current CoinMarketCap ranking, it is currently trading at $0.0000111, down by only 0.09 percent in last 24 hours. This means there isn’t any tangible effect of the news on SHIB price.

As the price is falling from the last 1 months, SHIB might have seen its bottom and it might be a good opportunity for buying SHIB. We suggest allocating a small portion of the portfolio to Memecoins such as SHIB and Dogecoin as they are volatile and not backed by solid fundamental unlike cryptos such as Ethereum or Cardano.

What is Shiba Inu – Other Good Meme Coins

Since the project’s inception in August 2020, Ryoshi’s identity has remained a mystery. We don’t know if it’s a person or a group who has the operational hand behind Shiba Inu. Shiba Inu had risen to be the second most popular meme coin in the cryptocurrency industry, the first being Dogecoin. Many investors are investing in other meme coins too, expecting a rise in price.

Shiba was launched as a decentralized meme token in August 2020. After its inception, Ryoshi gave Vitalik Buterin, co-founder of Ethereum, 50% of all SHIB. Buterin has since donated his SHIB collection, in addition to burning 410 trillion SHIB.

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