, the of Inu, may have decided to quit the of cryptocurrencies. In a rather encouraging farewell letter, the creator of SHIB, who goes by the pseudonym “Riyoshi”, announced his decision on a Medium post. While Riyoshi has previously hinted at moving on from the crypto world, speculation surrounding the farewell letter suggests that Riyoshi’s Medium post may have been a scammer. Currently, Riyoshi’s account @RiyoshiResearch has more than 200,000 followers and is visible on Twitter, but all posts on his have been , showing a correspondence with exit posts.

“I’m not important, one day I’ll leave without warning. Ride SHIBA, all the way up,” Riyoshi wrote in a Medium post on May 30.

Screenshots of the article have been found on media, with people warning members of the crypto community that this could be all a fake scam.

Despite Riyoshi’s supposed exit from crypto, Shiba Inu’s work will remain unaffected.

See also  Binance Notifies Canadian Regulator It’s “Committed” to Stopping Crypto Trading Services in Ontario – Bitcoin News

This was confirmed by Shytoshi Kusama, the lead developer of Shiba Inu, who also claimed that even he did not know Riyoshi’s true identity.

“Ryoshi was, and is, one of the most successful anonymous founders of any project. While I don’t know his identity, his legacy lives on in the Shib token, the Shib ecosystem, and everything we foresee to let the world go centralized projects,” Kusama noted.

Despite all the noise about the future of SHIB at this time, the cryptocurrency is currently at $0.000012 (approximately Rs. 0.000958), according to TechnologyShout’s crypto price tracker.

On CoinMarketCap, SHIB is ranked 16th with a real-time market capitalization of $6.45 billion (approximately 5,014 crore). There are currently over 549 trillion SHIB in circulation, with a maximum supply yet to be determined.

Well, if Riyoshi did leave the crypto world, the decision was made at a time when Shiba Inu was developing his own metaverse.

In early March, the developers of Shiba Inu announced that it would sell a total of 100,595 virtual parcels of land on its virtual world, some of which will remain private.

Shiba Inu is also listed on crypto exchanges like Robinhood and Bank of America crypto ATMs, which could boost its .


Affiliate links may be automatically generated – see our Ethics Statement for details.