The Shiba Inu community has been abuzz with reactions following the change of location marker by the pseudonymous lead developer on X (formerly Twitter) to Singapore. KURO SHIBARMY JPN, an active Shiba Inu enthusiast, shared the update with the community, sparking speculation about the developer’s motives for being in Singapore.
This is not the first time that the lead developer, Shytoshi Kusama, has changed his location marker on X. In the past, he did the same when he visited Japan, leading to speculation and curiosity among the Shiba Inu community. This time, however, the motive behind his trip to Singapore remains undisclosed, leaving the community guessing and speculating.
In response to the news, the Shiba Inu community has had a mixed reaction, with some members speculating that Kusama’s trip to Singapore may be for vacation, while others have taken the opportunity to voice their criticisms regarding the performance of Shiba Inu ecosystem tokens like BONE and SHIB.
In terms of performance, Shiba Inu has seen a dip in value after the launch of Bitcoin spot ETFs in the United States, with SHIB and other altcoins trading below the $0.00001 level since January 12. The overall decrease in cryptocurrency prices has been attributed to Grayscale’s BTC sell-off and the low interest in Bitcoin spot ETFs among traditional investors. However, historical trends suggest that Shiba Inu may see double-digit gains in February 2024, despite its current value of $0.00000901, representing a 2% increase in the past 24 hours.
The latest developments in the Shiba Inu community, particularly those related to the lead developer’s activities and the token’s market performance, continue to be of interest and importance to both enthusiasts and investors in the crypto industry.
