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Shiba Inu founder deletes blog and tweets. Here’s why experts are concerned about the token

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Ryoshi stood by his statements that he might one day disappear. How is Shiba Inu after his absence?


Key points

  • Ryoshi, the pseudonym of the Shiba Inu founder, has taken down his internet presence as the price of Shiba Inu hit new lows.
  • He follows in the footsteps of Bitcoin founder Satoshi Nakamoto, who disappeared from the scene over a decade ago.
  • The coin saw a slight uptick, but overall it is down 87% from its all-time high.

Shiba Inu has become a well-known coin over the past few years. But it’s also expanded its usefulness, recently launching its own metaverse project called SHIB the Metaverse, but it’s yet to launch its long-awaited Layer 2 solution, Shibarium. Even with the launch of the metaverse utility, the token saw a major drop in value during the recent bear market. And on top of that, the founder of Shiba Inu, who goes by the alias Ryoshi, has disappeared, leaving critics worried about Shiba Inu’s future.

Shiba Vanish-nu

Ryoshi recently deleted all of his blogs and tweets, disappearing from the web. All tweets from the @RyoshiResearch Twitter account have been deleted and the bio has been deleted. The last tweet from the controller dates from May 29, 2021. It simply said: “decentralization works”. Disappearing was something Ryoshi had hinted at before. Once in a blog post, he said, “I am not important, and one day I will be gone without notice. Take the SHIBA and travel upwards. Although, of course, the founder of a cryptocurrency is important, he hints at something true in this statement. Because these platforms are open-source and decentralized, it’s really a group of developers and users that spins a coin. And in the event that a founder leaves the grid, the coin can branch off and continue.

That’s what happened when Bitcoin founder Satoshi Nakamoto did the same thing. For a while it appeared randomly in emails and forums before disappearing altogether. Of course, that was in 2010, and we all saw Bitcoin’s success as a result of that. This showed that a coin can recover from the untimely and mysterious demise of its founder. But it still leaves us wondering why Ryoshi left Shiba now of all time and if the piece is in trouble.

How does Shiba Inu react?

Ryoshi left his post during a tumultuous time for the token. Shiba Inu has seen one of its biggest declines since launch. SHIB is down 87% from its all-time high, according to CoinMarketCap. And even today, the coin is down over 5%, with a price of $0.00001121.

Shiba is an older coin and some of the newer crypto projects have come with more advanced technology, making product delivery more transparent and SHIB less desirable. And while a coin can still function and innovate without its founder, the situation could leave investors feeling uneasy and wanting to opt for a similar but more capable functional platform like Bitgert. In fact, Bitgert is expected to overtake SHIB in the market in the coming months. However, as with all markets, we watch and wait, and say sayonara to Ryoshi for now.

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