Shytoshi Kusama, the enigmatic Shiba Inu lead, lashes out at a media outlet for undermining SHIB’s achievement.
In a tweet yesterday, crypto-focused media outlet ‘Corleone Alpha News’ shared its analysis of the memecoin market, offering an opinion on the top meme-based assets, including Shiba Inu (SHIB) and Dogecoin (DOGE).
Notably, Corleone suggested that Dogecoin feels old, Floki (FLOKI) lacks excitement, Bonk (BONK) is outdated, and Pepe (PEPE) is expensive. However, the media outlet argued that Shiba Inu does not deliver.
This commentary suggested that Shiba Inu failed to deliver gains to investors or meet the expectations of its community.
Kusama Reacts
As expected, the assessment infuriated Shiba Inu community members, who took to the comment section to express disbelief. Notably, Kusama gave a similar reaction and called for the sack of Corleone’s content strategist.
His commentary indicates that the assessment, particularly for SHIB, was poorly researched.
Shiba Inu to Launch SHIB Education Campaign
Before now, Kusama believed many people were overlooking Shiba Inu’s potential and tying its success to the memecoin hype. He recently refuted this claim, emphasizing that innovative thinking and technology drive Shiba Inu’s success.
Interestingly, he proposed a campaign to educate the crypto community about Shiba Inu’s potential in an upcoming podcast.
Shiba Inu Milestones
Although Shiba Inu started as a memecoin in its early days, it has proven that it can stand side-by-side with other utility crypto projects.
The team behind the Shiba Inu ecosystem has launched multiple projects, ranging from a Layer-2 blockchain to a decentralized exchange. Shiba Inu also delivered massive profit to early investors, surging 153 million percent to an ATH of $0.00008616 in 2021.
Even though SHIB has yet to replicate this performance, the token recently registered huge gains. Earlier this week, Shiba Inu surged to a seven-month high of $0.00003031 but slumped afterward due to a broader market correction.
Despite this retracement, Shiba Inu is currently up 196.7% in the past year, 39.5% in one month, and 5.96% over the last 24 hours. At press time, SHIB is trading at $0.00002560, with a daily volume of $3.41 billion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
