[ccpw id="39382"]

HomeCrypto NewsMarketShiba Inu Lead Developer Warns Against FUD as Shibarium Launch Approaches

Shiba Inu Lead Developer Warns Against FUD as Shibarium Launch Approaches


Written By:

Latest News

- Advertisement -

Kusama cautions the community to ignore FUD.

- Advertisement -

Shiba Inu Lead Developer Shytoshi Kusama has called on community members to ignore all information that causes fear, uncertainty, and doubt (FUD) about the Shiba Inu project.

Kusama said this in a tweet yesterday, implying that there is usually an ulterior motive behind it. Consequently, he urged SHIB holders to do their research first.

“Ignore ALL FUD,” he wrote. “Look at who originates the fud, any competiting products they might be responsible for creating, timing of Fud, and who gains from said Fud.”

It is not clear who or what the developer is specifically referring to. However, there appears to be a rift between the core Shiba Inu team and Pawswap developers, an independent team proposing to build a decentralized exchange (DEX) on Shibarium, the ecosystem’s Layer 2 solution. Earlier this week, LUCIE (@LucieSHIB), a prominent Shiba Inu influencer, accused the Pawswap team of spreading FUD about BONE, the Shibarium gas fee token, sharing a message from Kusama that appeared to be a stern warning to the Pawswap team. The rift comes as the Shiba Inu team maintains that ShibaSwap will be the official Shibarium DEX.

In addition, as reported, Coinbase Director Conor Grogan recently drew links between Ryoshi, the creator of SHIB, and Sam Bankman-Fried’s Alameda Research. It bears mentioning that Coinbase recently launched Base, an Ethereum Layer 2 protocol and a potential Shibarium competitor.

- Advertisement -

The warning against FUD is the latest in a series of recent warnings from the Shiba Inu lead. Before this, the developer had cautioned users against purchasing anything on Shibarium beta, noting that everything on the beta version of the protocol is for testing purposes alone.

All of these come as we approach the imminent launch of the Layer 2 protocol. As reported by The Crypto Basic yesterday, developers have confirmed the beta launch for this week.

- Advertisement -


Okoya David
Okoya David
Okoya David Kio is a crypto enthusiast passionate about understanding what makes the nascent market tick. When he's not pondering about cryptocurrencies, you might find him in a BP debate room trying to proffer solutions to age-old societal problems.

More from Author