Shib Price Drop To 10%

Shytoshi Kusama, the well-known leader of the Shiba Inu project, has announced that he has resigned as Shiba Inu leader. After years of lending the Shiba Inu ecosystem, Kusama revealed that he resigns as a leading visionary to take on a new role as chief ambassador for Shiba Inu. This change comes as the project continues to grow and its mark presses on the web3 room.

Shiba Inu: from mememunt to web3 leader

In his announcement, Kusama thought about the evolution of Shiba Inu. Starting with a simple vision inspired by the founder of the project, Ryoshi, the ecosystem expanded into a robust web3 framework.

Under his leadership, important projects such as Shibaswap, Shibarium and tokens such as Bone, Leash and Treat were developed. Kusama noticed how Shiba Inu has become more than just a cryptocurrency. It now acts as a ‘network state’ and offers tools to help governments, companies and individuals in the transition from web2 to web3.

While some projects such as Shibacon and the Stablecoin Shib are still underway, Kusama expressed his pride on how far the community has come.

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Kusam’s new role

With his new role as chief ambassador, Kusama wants to stimulate the worldwide adoption of Shiba Inu technologies. An important point of attention will be promoting Shibos, a renewed series of tools designed for seamless web3 integration.

By working together with world leaders, companies and NGOs, Kusama wants to strengthen the Ecosystem of Shiba Inu and increase its position in the decentralized technology space.

He also mentioned working on personal projects, such as the development of the “44 Tenets to Triumph in Crypto”, while ensuring that all collaborations were in line with the technologies of Shiba Inu.

Shiba Inu fire speed peaks during market drop

Despite Kusama’s announcement, Shiba Inu remains active. The token burning percentage increased by 856%, so that, according to Shibburn, 6.27 million tokens were removed from the circulation.

However, the price of Shiba Inu has fallen, decrease of 11% Up to $ 0.00001789, with a market capitalization of $ 10.5 billion.



Credit : coinpedia.org