Friday, December 2, 2022
HomeCrypto NewsMarketShiba Inu Teases Community With Two Questions

Shiba Inu Teases Community With Two Questions

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The Shiba Inu team has teased the community with two questions.

The official Shiba Inu Twitter handle recently teased the SHIB community with a question, evidently seeking public opinion on the asset. Following its launch two years ago, the coin has witnessed global adoption as development progresses.

The outlook of Shiba Inu within the cryptocurrency community remains interesting for the team behind the asset. Consequently, its official Twitter handle posed a question Friday, allowing proponents to lay bare their opinion on the asset.

“Shib is ___________,” the handle said in a tweet. Several proponents have aired their opinions, with the vast majority of comments indicating positive sentiments on the asset, considering its resilience when the bear market has brought several assets to its knees.


The handle posed a similar question regarding Shiba Inu’s anonymous creator Ryoshi who seems to have quit the project, with social accounts going inactive. “Ryoshi is ___________,” the official Shiba Inu Twitter handle said in a similar tweet on Wednesday. 


Little is known of the purpose behind this new trend from the Shiba team. Some individuals have asserted that it could indicate that the anonymous creator of the asset is set to return, while others forecast an upcoming project.

This teasing comes when Shib lead developer Shytoshi Kusama and Shib team are very quiet for a few days regarding any updates or progress on Shib undergoing projects.

On the other hand, SHIB whales appear to have entered an accumulation frenzy, indicating a generally bullish outlook on the asset despite the prevalent bear market. The Crypto Basic reported a recent whale accumulation of 3.37T SHIB, worth $37.4M then. The asset’s trading volume also surged by over 102%.

Reports of the latest whale transaction followed an earlier accumulation move which saw another whale amass up to 3.94T SHIB worth $43.18M. Both transactions were carried out on the same day. The factors influencing this accumulation trend remain a mystery, but some suggest a looming development, as earlier mentioned.

The general sentiments surrounding Shiba Inu have been favorable of late. London-based cryptocurrency exchange Bitstamp noted that it would be listing Shiba Inu for its U.S. clients.

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Albert Brown
Albert Brown
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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