Sunday, September 25, 2022

Shiba Inu Founder Ryoshi Goes Completely Dark, Hints At Decentralization, While SHIB Surges 6%

In what seems like taking a cue from the playbook of Bitcoin’s mystery creator — Satoshi Nakamoto, the founder of the Shiba Inu (SHIB) cryptocurrency may have also gone completely off the radar.

Ryoshi Goes Dark

According to a series of events which took place on Monday, Ryoshi — the pseudonymous name used to identify Shiba Inu founder, has taken down all previous tweets he has ever posted. Additionally, Ryoshi also went ahead to delete personal blog posts on Medium, before writing;

“I am not important, and one day I will be gone without notice. Take the SHIBA and journey upwards frens.”

Further confirming the reason behind the deleting spree is Ryoshi’s Twitter location. As can be seen on his Twitter page, he has now moved to ‘Decentralized’. But that might be a subtle hint that he wishes Shiba Inu to proceed as a community effort. That is, without being influenced by anyone, not even himself.

Recall that in 2010, Satoshi made a similar move that also saw the mystery BTC creator leave the crypto community. But while Satoshi’s real identity continues to remain unknown to date, there have been numerous speculations regarding who is really behind the leading cryptocurrency.

Nonetheless, something sticks out still about how the Shiba Inu founder may have been actively following every of Satoshi’s moves for years, finally drawing the curtain on the community on Monday.

Interestingly, Ryoshi has also charged the project’s lead developer Shytoshi Kusama to desist from doing or saying things that mean little or nothing to the progress of the ecosystem. And in line with the instruction, Shytoshi has also claimed that the Shiba Inu project will continue forging ahead.

Shiba Inu (SHIB) Rises 

The news of Ryoshi’s disappearance may have been expected to put a strain on the price of the SHIB token. At least for the time. However, the reverse has been the case so far. CoinMarketCap data shows that the token is up by over 6%. But it is still down by more than 86% from last October’s record high. 

Shiba Inu currently holds the 16th spot on the list of top cryptocurrencies, in terms of their market capitalization.

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