Key facts:
It is not indicated who will be in charge of the cryptocurrency, only about the community.
Ryoshi’s departure has not affected the price of the cryptocurrency.
This May 30, the creator and founder of the Shiba Inu meme cryptocurrency (SHIB), Ryoshi, deleted the messages from his social networks and all the posts on his blog, something that alerted the entire community that revolves around the digital asset.
Faced with the avalanche of messages on Twitter on the subject, Shytoshi Kusama, main developer of Shiba Inu, stepped out to respond to comments and try to explain what happened.
In principle, Kusama also said that he was surprised by Ryoshi’s decision. He says he understands the many questions that may have arisen, including questions like “why leave [el proyecto] now?”, Well, he did them himself according to his blog.
The developer then comments that he thought about it and saw “the answer clearly.” In this sense, he explained that in most of the stories in which a group must face insurmountable difficulties, the master disappears and leaves him in the hands of the “apprentice”.
“With this in mind, it is only fitting that as we move closer to Ryoshi’s full vision and realize global decentralization, he leaves it to us, The Shib Army,” Kusama said.
From Kusama’s reflection, it can be interpreted that Ryoshi’s departure is to leave the project in the hands of the community. Although it does not specify who or who will be in charge of the cryptocurrency.
“Ryoshi was, and is, one of the most successful anonymous founders of any project. Although I don’t know his identity, his legacy lives on in the Shib token, the Shib ecosystem, and all the projects we envision to decentralize the world,” Kusama wrote.
One of the largest projects for Shiba Inu is the controversial Shiba metaverse, which some have pointed out that it is being developed slowly. This was also the target of complaints for being based on the Ethereum blockchain, instead of being put into operation on the publicized Shiba blockchain, called Shibarium, as CriptoNoticias reported.
For his part, Kusama concluded his message on Medium, stating that “Shib is Shib and we remain to grow in the future following the path laid out by our magnificent founder.”
Sudden appearance of Ryoshi
Everything seemed to indicate that the creator of Shiba Inu would not have a blog presence, created on Medium. In fact, it could be seen that he was out of service.
Nevertheless, this suddenly changed and the blog appeared enabled, this time with two publications. The last one reads: “Every Shibarmy is a Ryoshi. He represents no one but the glory of Shibarmy! FINAL”. The text is accompanied by an image of Jetsun Milarepa, yogis and poets of Tibet.
It is worth remembering that LUNA, a Terra token, lost 99% of its value a few days ago in a matter of three days. The same thing happened with the stablecoin Terra USD or UST, from the same project, which lost up to 70% of its anchor to the value of the dollar in the same period.
Reactions on Twitter and fears about the LUNA case
The decision made by Ryoshi alerted many users on Twitter. Some called it irresponsible and scandalous.
One of the tweeters, who identified himself as Tajo Crypto, commented what Ryoshi wants to make it seem like he’s leaving a legacy of himself to look like a hero. “In light of recent events at LUNA, he wants the community to take ownership of the project to see it through.”
In another Twitter account the user @KingCryptoLion said that hope Ryoshi doesn’t plan to abandon Shib, because it will cause a big scandal. “This could be another situation like LUNA.”
Ryoshi’s departure and the price of Shiba Inu
In the market aspect, the cryptocurrency SHIB has not been affected by the decision to Ryōshi. Until the time of writing this article, the price of the cryptocurrency has risen 3.63% in the last 24 hours and its price is USD 0.000012, according to data from CoinMarketCap.
This rise in SHIB has been mostly driven by the rally in the price of bitcoin, after nine consecutive weeks in decline. For almost three weeks, the price of BTC has been predominantly between $28,000 and $31,000.