Shytoshi Kusama, the renowned lead developer behind Shiba Inu, has broken his week-long silence, addressing speculations within the community.
In a recent message relayed by team member Lucie on Twitter, Kusama expressed his unwavering commitment to the project and outlined his plans for innovation within the platform.
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While the silence from Kusama had fueled speculation, his message aimed to reassure the community and emphasize Shibarium’s ongoing support.
Kusama acknowledged the time-consuming nature of the process, saying, “We FULLY intend to support the community. Hence the paper. Takes time, that’s all. But I think it’s time for my silence to end SOON”
📢 "We FULLY intend to support the community. Hence the paper. Takes time, that's all. But I think it's time for my silence to end SOON." – @ShytoshiKusama
🚀 Exciting times ahead!
— 𝐋𝐔𝐂𝐈𝐄 | ✨Shibarium✨ (@LucieSHIB) September 29, 2023
These words come at a crucial time for Shibarium, as the second-largest meme coin recently faced the risk of slipping out of CoinMarketCap’s top 20.
The latest messages shared by Kusama on various platforms, including Telegram, shed light on his dedication to the project and his focus on advancing Shibarium’s offerings.
Kusama emphasized the team’s efforts in creating new products and developing Shibarium, reiterating the project’s commitment to innovation.
Furthermore, he clarified that the decision to delay the release of Shibaswap aimed to create space for other projects and tokens within the Shibarium ecosystem. This inclusive approach highlights the team’s dedication to nurturing a thriving community and fostering collaboration among the various projects built on the platform.
Market Concerns for Shiba Inu (SHIB)
Amidst Kusama’s resurgence, the Shiba Inu token finds itself facing uncertainties, with its position in the top 20 at stake. Currently, Shiba Inu’s market cap margin is narrow, leaving it vulnerable to being overtaken by Chainlink (LINK).
The recent close call highlights the intense competition within the cryptocurrency market and the significance of maintaining a strong market position.
Read Also: Shiba Inu Team Urges SHIB Holders to Move Their Assets to Shibarium. Here’s why
Decrease in Shibarium Transactions Calls for Continued Adoption Efforts
Recent data reveals a sharp decline in Shibarium transactions, with numbers dropping from over 200,000 on September 11 to a mere 15,000 on September 27. The decrease in activity raises concerns about user adoption and highlights the need for sustained efforts to encourage users to transact using Shibarium.
As Shibarium and its affiliated projects move forward, the community eagerly awaits a more active role from Shytoshi Kusama. His pledge to break his silence signals renewed dedication and a commitment to fostering innovation within the platform.
With Shiba Inu’s position in CoinMarketCap’s top 20 under scrutiny, all eyes remain on Shibarium’s development and the upcoming initiatives that will shape its future.
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