Shiba Inu (SHIB) Main Developer Clears Up New Token Rumors

Shytoshi Kusama distances himself from Shiba Inu’s offprint, but the squabble in the doghouse escalates further.

A man wearing a Shiba Inu branded black shirt holds his hands up rejenctingly to a large coin with paw prints on it.
  • Another fight between SHIB Army members broke out on Twitter.
  • Shibarium’s latest speculated launch date is today, Valentine’s Day.
  • Shytoshi Kusama shared crypto donation details for Turkey and Syria.

Shiba Inu’s Shytoshi Kusama officially distanced himself from the new copycat token Paw (PAW), developed by a member of the SHIB Defence Breed. On top of that, the $PAW token has already been deemed a pump-and-dump scheme by a large chunk of the Shiba Inu community on both Twitter and Discord.

Hence, the lead developer Shytoshi Kusama ended his tweet with a cautionary message: “Be careful #Shibarmy, many wolves in Shib’s clothing.” In addition, the clever reference to Shiba Inu’s (SHIB) own clothing line is overshadowed by DefiKraken’s false endorsement of a new, unrelated token as a part of Shiba Inu’s Ecosystem.

Shytoshi Calls Whales to Help Turkey

Previously, Kusama sent a warm and comforting message to the people affected by the enormous earthquake in Turkey and Syria. As the horrendous Kahramanmaras earthquake counts over 35,000 victims already, people stricken with this natural disaster need medical aid, food, and emergency accommodation.

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Even though none of the whales answered the initial call, Kusama recently shared a donation link that supports BEP20, Avalanche, and ERC-20, which is suitable for SHIB transfers on the Ethereum (ETH) network.

As the highly-anticipated Layer-2 solution for Shiba Inu still didn’t come in a heart-shaped box, some community members wondered if the Valentine’s Day Shibarium launch was just a rumor. It’s not the end of the day yet, but the disappointment shouldn’t overshadow the celebration of love and romance.

SHIB Sunshine, a well-known member of the SHIB Army, sent a heartfelt message to one of the largest communities in crypto: “Patience is key, fellow Shibarians! The release of #Shibarium remains uncertain, and even Kusama can’t predict it. The devs are working hard to ensure 100% code validity and approval of all tests, which may take longer than expected”.

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However, SHIB’s price movement indicates a 12% decline since last week, while the daily SHIB Burn rate dropped by 78.08% overnight. The heavily fluctuating SHIB burn rate perfectly portrays the division between members, as some are desperately urging developers while others are patiently waiting for updates.

On the Flipside

  • The unlisted token $PAW is also endorsed by other members of the former developer team and SHIB Defensee Breed, dividing the SHIB community into two camps.

Why You Should Care

The Layer-2 scaling solution for Shiba Inu (SHIB) is meant to be the game changer for the two-year-old popular memecurrency.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.