The social media marketing lead of the Shiba Inu team, known as Lucie, recently shared important reminders on Twitter about the core values that inspired the creation of Shiba Inu. It comes at an important time for the SHIB community, as SHIB tokens have been selling off a lot lately. However, there’s optimism for a potential price rally, supported by on-chain data.
Additionally, Shiba Inu has managed to avoid a bearish market indicator known as a death cross, raising hopes for a positive turn in its market direction. Recently there’s also been a large, unidentified whale who entered the scene by acquiring a huge amount of SHIB tokens, sparking curiosity and speculation within the community.
What did Ryoshi’s message say?
In late May 2022, Ryoshi, the mysterious founder of the SHIB meme coin, surprised everyone in the Shiba Inu community. He suddenly vanished from social media, deleting all his tweets and blog posts. Before leaving, Ryoshi had warned the SHIB army that he would one day disappear without notice, emphasizing that he wasn’t important and encouraging everyone to continue their journey with SHIB.
Ryoshi’s departure mirrored that of Bitcoin’s creator, Satoshi Nakamoto, who also disappeared from public view in 2010. This left the SHIB community wondering about the future of their beloved coin.
Recently, Lucie, a member of the SHIB army, reposted a tweet from one of the Shiba Inu developers, @shibarium_, on a platform. The tweet contained a message from Ryoshi, albeit written backward, accompanied by an image of a cat-Samurai preparing to draw its katana. “Look deep into your soul,” the message urged, bringing back the values that started their journey with SHIB.
Thank you to @shibarium_ for always reminding us about the beautiful values with which this journey began. I’m really happy to work with you. pic.twitter.com/nd1ay77GXi
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) February 25, 2024
Over the weekend, Lucie addressed the SHIB army once again, this time issuing a crucial warning. As per reports, Lucie, the marketing lead of SHIB, emphasized the importance of vigilance against scams within the crypto space. She urged the community to conduct their own research (often referred to as DYOR) before investing in new projects or connecting their wallets to websites, especially those claiming affiliation with Shibarium.
Other recent developments
A surprise player entered the Shiba Inu crypto scene in the past week. According to Etherscan, a wallet with the address “0xEa74” received a whopping 293 billion SHIB tokens, valued at $2.84 million, from another address “0x5aA”. What’s intriguing is that this recipient address is brand new, with no previous transactions and only SHIB tokens in it.
It’s unclear whether this transfer is part of a strategic move by a whale or has other hidden motives. Tracking this address in the days to come might shed light on the situation. What’s certain for now is that no other wallet has seen such a large influx of SHIB tokens in the past day.
As of the latest update, the Shiba Inu (SHIB) market is showing a slight decrease, with its price currently at $0.000009539, down by 0.61% over the past day, as per data from CoinMarketCap.
There’s been some good news too. Shiba Inu managed to avoid a worrying signal called the death cross. When the price was around When the price was around $0.0000096, SHIB managed to steer clear of this bearish indicator..0000096, SHIB managed to steer clear of this bearish indicator. Investors are hopeful that SHIB’s market direction is turning positive.
Recently, there was a significant sell-off of SHIB tokens by its holders over the past two weeks. This might lead to a big rally in SHIB’s price if history repeats itself. Shiba Inu’s upward trend is also supported by on-chain metrics, adding to its positive outlook.
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