The SHIB community stirred as the pseudonymous lead developer of Shiba Inu updated his location on the X (formerly Twitter) platform to Singapore.
The revelation, shared by Shiba Inu enthusiast “KURO SHIBARMY JPN,” sparked widespread reactions among followers.
Reactions to Shytoshi Kusama’s Location Change on X
A screenshot shared by user “KURO SHIBARMY JPN” showcased a notable alteration in Shytoshi Kusama’s location marker on the X platform, indicating his current presence in Singapore. This revelation ignited a varied response within the Shiba Inu community, prompting speculation regarding Kusama’s purpose in Singapore.
Shytoshi Kusama's current location is…
— KURO🐾SHIBARMY JPN🇯🇵 (@kuro_9696_9696) January 26, 2024
Some community members speculated that Kusama’s visit to Singapore might be for leisure purposes, while others used the opportunity to voice criticisms directed at him and other members of the Shiba Inu ecosystem team. Particularly, criticism arose due to the perceived underperformance of Shiba Inu ecosystem tokens like BONE and SHIB.
It’s worth noting that Kusama has a history of periodically updating his location marker on the X platform. Last May, he shifted his location to Japan, sparking similar speculation within the community. KURO previously suggested that Kusama’s presence in Japan could be attributed to vacationing, citing the country’s renowned snow quality as a potential attraction.
Interestingly, Kusama later confirmed his visit to Japan for relaxation purposes. As of now, the motive behind his trip to Singapore remains undisclosed, leaving the Shiba Inu community curious about the purpose behind his latest location change.
Shiba Inu’s Price Movement Amidst Crypto Market Challenges
Since January 12, Shiba Inu has consistently traded below the $0.00001 mark, mirroring a broader trend of decline among altcoins. This downturn coincided with a significant drop in SHIB and other altcoin prices following the commencement of Bitcoin spot ETF trading in the US.
Grayscale’s sell-off of Bitcoin (BTC) holdings and subdued interest in Bitcoin spot ETFs among traditional investors played pivotal roles in driving down crypto prices. Despite this setback, Shiba Inu’s historical performance hints at the potential for double-digit gains in February 2024.
As the month unfolds, whether Shiba Inu will realize this possibility remains uncertain, contingent upon various market dynamics and investor sentiment. At present, SHIB is trading at $0.00000901, reflecting a 2% increase over the past 24 hours.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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