Is Shiba getting rugged like Luna?

[bittraffic]

No investors are coming back to buy Shib anymore and he is running away because that meta that he'd tried developing isn't so easy to materialized. It could really be a rugpull in progress.

I thought it could just be like Dan Larimer who walk away from his projects to make it more decentralize but it doesn't work that way really.He had tried that to 3 of his projects and its not working. Ryoshi should know.

[X-ray]

Not yet. This can be a redflag for anyone who are still buying the new utility token from the shibarium. This may become another exit scam soon. You must be careful with this kind of project. When CEO was disappear and he was seeing if this project has no potential anymore. The community saw that as something that didn't need to be carefully. I see that we have learned a lot from luna but it doesn't mean if shiba will have the same fate as luna. LUNA was getting destroyed by its failed algorithmic mechanism while shiba didn't have this.

[cryptoaddictchie]

Dude, the issue isn't about the price but the founder deleted tweets/blogs. This is a strange activity made by a founder, this may indicate a rug pull or scam. Sure, the price must be affected once investors know this, most of them probably prefer to cash out. I am worried that many SHIB holders will sell their coins immediately in the next few days/weeks. So, what is SHIB potential now? There is no potential if the SHIB founder leaves this coin.

Potential dumped with this news is inevitable, some traders are probably negative about it so they would sell their asset. The transition of how thr founder would leave isnt good. There are other ceo or founder who leave their project but at least informed in such manner not deleting tweets or any writes up about it. This is red flag but since its a community token, I believe it will thrive.

[tsaroz]

I am actually surprised how long it lasted. It's still a large cap coin whose crash would ultimately cause another crypto winter.

[hugeblack]

If a currency is affected by the death or disappearance of the founder, it is not decentralized and does not deserve long-term investment.

Overall, models like Shiba were and still are more harmful to the crypto community, this currency was a precursor to an era of very excessive cryptocurrency printing and therefore they are deliberately trying to show their currency has a high market capacity which means that they depend on hot money.

If all of these indicators above are not enough to avoid investing in them, I think that with the disappearance of the founder, you have got enough reasons.

[RussianEnglishTranslation]

I do not know what to make out of the news today about Shiba Inu's founder Ryosh distancing himself from Shiba and deleting all media posts across his handles. Usually this is a red flag and whenever it happens it gives the impression of a rugpull. Is that what we are likely going to have here, a similar situation of investors losing money like they lost in Luna. What is your observation on this? Please share with us.

Source link: https://www.moneycontrol.com/news/business/cryptocurrency/shiba-inu-founder-deletes-all-tweets-blogs-8613841.html

This is the kind of thing a project founder does before he rugs. This is why I don't invest in meme coins and only buy L1 chains that other DApps and tokens are deployed on, like CNDL and FTM. Investing in L1 chains gives you a network effect where the price of the L1 coin goes up the more value is locked in the protocol. It's like investing in the protocols before the internet became mainstream and is a much better bet than dog coins.

[BitcoinPanther]

The chart is quite stable but i just wanna try to remind you if that's almost impossible for this to become another shiba inu. CEO of shiba inu has no premined token and how can this become another scam or rugpull? Remember about the tokenomic of shiba inu is quite different with the luna.
I think that shiba has no chance to be another rugpull. All of tokens in the circulation already fully distributed fully proportionally to the hundreds thousands of users.
Im not seeing if this will become another luna that will come in the future. CEO of shiba has no power other than holding the secondary token of shiba platform

To make the recent news effective(Shiba founder deleteting social media activities), it only needs a single huge dump of Shiba.  If the bot detects a huge dump, it may trigger the cut-loss mechanism and start selling.  For sure many bots will follow because most bots have the same trading setup.

[Mosharafhh]

I think its just a meme coin without any usecases but i dont know about their future development but till now there is too much chance to market fall like luna but i will not say its will rug but there is chance to dump huge in shiba market because its pump because of only fomo!!

[Mame89]

do not have a future what makes the project function is not far from collapse slowly approaching investors. the shiba team seems to be preparing to gradually disappear with the lack of clarity about this project. I've been avoiding coin memes like this because of the enormous risk that will be obtained later. will this be luna version 2.

[lionheart78]

We really don't know what is running on the mind of the Shiba Inu founder.  It is early to say that it will commit a Rug Pull when the market is still very healthy.  I think we should take precautions for now.  If we are worried but have a second thought to sell,  we can sell half of our holdings at least we have secured 50% of the current valuation of Shiba Inu if ever the situation goes southward.

[whiteblue]

We really don't know what is running on the mind of the Shiba Inu founder.  It is early to say that it will commit a Rug Pull when the market is still very healthy.  I think we should take precautions for now.  If we are worried but have a second thought to sell,  we can sell half of our holdings at least we have secured 50% of the current valuation of Shiba Inu if ever the situation goes southward.

The decision of the founder of Shiba to leave the project sparked negative news for shiba holders, but in fact it did not have any impact on the price of shib other than the effect of the impact on the price of BTC, after I learned that if shiba has a different tokenomic so it doesn't have a bad effect on the price of shiba if the founder of shiba no longer controls developments shiba.

[carlfebz2]

We really don't know what is running on the mind of the Shiba Inu founder.  It is early to say that it will commit a Rug Pull when the market is still very healthy.  I think we should take precautions for now.  If we are worried but have a second thought to sell,  we can sell half of our holdings at least we have secured 50% of the current valuation of Shiba Inu if ever the situation goes southward.

The decision of the founder of Shiba to leave the project sparked negative news for shiba holders, but in fact it did not have any impact on the price of shib other than the effect of the impact on the price of BTC, after I learned that if shiba has a different tokenomic so it doesn't have a bad effect on the price of shiba if the founder of shiba no longer controls developments shiba.

I dont really see for it to be that Shib would really be ending up like Luna and come to think that its application or being alternative payment system in gambling sites and other services is something that could be seen which means that application and relevance or utility is already there unlike this shitty Luna that we do know.

For those holders then its up to them whether they would be continuing on supporting it or not and price or its value will really be depending on the community
which is something that cant really be predicted thats why always mind off about the probabilities and be aware and be prepared on it.

[CaVO32]

We really don't know what is running on the mind of the Shiba Inu founder.  It is early to say that it will commit a Rug Pull when the market is still very healthy.  I think we should take precautions for now.  If we are worried but have a second thought to sell,  we can sell half of our holdings at least we have secured 50% of the current valuation of Shiba Inu if ever the situation goes southward.

The decision of the founder of Shiba to leave the project sparked negative news for shiba holders, but in fact it did not have any impact on the price of shib other than the effect of the impact on the price of BTC, after I learned that if shiba has a different tokenomic so it doesn't have a bad effect on the price of shiba if the founder of shiba no longer controls developments shiba.

I dont really see for it to be that Shib would really be ending up like Luna and come to think that its application or being alternative payment system in gambling sites and other services is something that could be seen which means that application and relevance or utility is already there unlike this shitty Luna that we do know.

For those holders then its up to them whether they would be continuing on supporting it or not and price or its value will really be depending on the community
which is something that cant really be predicted thats why always mind off about the probabilities and be aware and be prepared on it.

If you are a holder of this meme token and you want to take some precautions, better get out of this project before it is too late. As the foundation of this token is also quite not solid for me, the chance of disappearing from this market is also very plausible. One thing that was red flag for me before was their thread in the forum. It was like a crap announcement and just because of the hype, the demand for this token got huge up to the point that binance listed it without the devs applying to them. For me, something is questionable on this project even if they found use case as payment method in gambling sites and the likes. But it is your funds at stake, so the decision is yours.

[MAAManda]

I do not know what to make out of the news today about Shiba Inu's founder Ryosh distancing himself from Shiba and deleting all media posts across his handles. Usually this is a red flag and whenever it happens it gives the impression of a rugpull. Is that what we are likely going to have here, a similar situation of investors losing money like they lost in Luna. What is your observation on this? Please share with us.

Everything is possible during the current bear market, especially after several projects experienced a very significant price drop, we can call them Terra (LUNA) and DFII.Money (YFII). If you want to feel safe, it is better to invest in Bitcoin (BTC) or Ethereum (ETH).

Regarding Founder Shiba Inu (SHIB) deleting his blog and tweets, it is a bad sign that he no longer wants to discuss further about Shiba Inu (SHIB). My advice, it's better for CL even though it's in a loss condition than having to be hit by a rugpull later.

[Furious 7]

this is what may happen now and indeed shiba holders must be vigilant now because with this it will be very difficult to predict and this may be a bad ending with this.
of course this will happen sooner or later and those who still think this a joke should wake up soon and maybe for those who still believe and still rely on a strong community they should question this now

[Little_Sister]

Regarding Founder Shiba Inu (SHIB) deleting his blog and tweets, it is a bad sign that he no longer wants to discuss further about Shiba Inu (SHIB). My advice, it's better for CL even though it's in a loss condition than having to be hit by a rugpull later.

The right solution for CL but it all depends on individual decisions because so far there has been no drastic decline that has occurred in shiba, but the news about the founder of shiba has caught the attention of the community because he made inappropriate statements during a bear market.

[niceli]

There is a good possibility that Luna and the way Shiba drops may not be the same method. I mean Luna was "hacked" basically, not the way we know but the system had a loophole in it that you could use money to take all the money out to yourself and crash it, and the rich whales used that to make money. Shiba is not like that, its simply just going down, and going down a lot, and people are getting out, from the core members to early birds to even people who invest daily, everyone is getting out, because they realized it sucks.

[MAAManda]

The right solution for CL but it all depends on individual decisions because so far there has been no drastic decline that has occurred in shiba, but the news about the founder of shiba has caught the attention of the community because he made inappropriate statements during a bear market.

That's why I say that it's better for CL, even though it's at a loss, than Rugpull actually happening later at Shiba Inu (SHIB). If I'm not mistaken, before the price crash of Terra (LUNA), a few days before that happened, Do Kwon made a statement during a podcast with Alexandra Botez that 95% of the projects on cypto would fail and that was an entertaining thing. Maybe what Founder Shiba Inu did was an early sign .

[isaac_clarke22]

I mean that is already the founder and not just a certain part of the team. Rubbing salt to the wound would be those deletion of the posts, so that people would not be able to comment or  ask  anything to the dev themselves.
I am not sure why people are still staying in this meme coin for too long even if there were red flags like these happening already.

[Yogee]

Luna is a bad comparison since what happened to them is more complicated. The official Shiba twitter account is active as mentioned by another member so that's fine for now. He probably controls that account too so I guess he doesn't think it's necessary to keep both accounts.