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Ryoshi resigned suddenly leaving SHIB investors high and dry amidst its volatility
Pseudonymous Shiba Inu founder Ryoshi decides to walk away from the crypto and SHIB community after deleting all his tweets and blog posts. This is making Shiba Inu traders be on the edge as major media publications are picking up the news at a time when investors are already on edge with the enhanced volatility in the market. SHIB investors are questioning if it’s only the founder who has resigned or if other Shiba Inu professionals are resigning too. For quite a long time, crypto has been amid debates and controversies regarding its future prospects. Experts speculate that after Ryoshi’s sudden resignation, the SHIB price might be adversely affected. This would further affect investors’ sentiments, triggering further losses as the founder stated that he had no intention anyway to stay a part of the system permanently. Luna’s current crypto debacle is one of the many reasons why investors are not willing to trust their investments with volatile meme coins. The SHIB price has also taken a step afoot and investors are hoping for any bullish price rally anytime soon.
Ryoshi’s identity has always been hidden, quite similar to the Bitcoin creator Satoshi Nakamoto. Satoshi was the first who mined the first blockchain of Bitcoin and was the one who published the whitepaper for the digital currency. Nakamoto envisioned Bitcoin to become a revolutionary in the traditional financial markets, but instead, he was able to turn Bitcoin into one of the major cryptocurrencies in the world and a store of value to protect its users during inflation. Ryoshi launched Shiba Inu in August 2020 and has remained anonymous since then. Eventually, Shiba Inu became one of the major cryptocurrencies challenging Dogecoin. There have been several incidences where industry experts have analyzed and discussed the hidden identities of Satoshi and Ryoshi but have never reached a conclusion. Now as Ryoshi declared this decision to step back from the SHIB community, crypto analysts are wondering whether sometime in the future, the founder’s real identity would be revealed. Until now, even after the name and fame that both Bitcoin and Shiba Inu have gained, it is still unknown whether Satoshi and Ryoshi are people or a group of people!
Shiba Inu’s Price is Displaying Uncertainty After Ryoshi Bids Farewell
By the time, investors have started to shrug off the whole Terra chaos, the timing was particularly and undoubtedly peculiar for Ryoshi to resign. The SHIB price was about to explode a few weeks ago. However, the breakout is likely to get postponed and the crypto will probably yield much value until the price action is set to explode in the near future. With Ryoshi bidding farewell to its crypto army, it seems like Shiba Inu has fallen way behind schedule to ultimately show its true potential in the market.
Ryoshi’s identity has always remained unknown since the beginning of the project. Quite often the founder of Shib suggested disappearing without notice. Currently, while his Twitter account is still active, he has deleted all his posts and changed his Twitter profile picture to include a picture of the Buddhist Jetsun Milarepa, who was an eminent Tibetan poet and yogi. Meanwhile, amid all this chaos, Shiba Inu’slead developers like Shytoshi Kusama have stated that the project would carry on and continue whatever plans Ryoshi has to build one of the greatest decentralized meme coin ecosystems in the world.
SHIB is one of the most held cryptocurrencies in the world with the wealthiest Ethereum whales spending millions of dollars to acquire its tokens. It is quite uncertain whether Shiba Inu’s and Bitcoin’s prices would surge if the creators reveal their true identities, but it is for sure that it would create massive excitement in the crypto community.