Here’s why Shiba Inu’s Lead Developer is Apologizing to Shib Army

Sahana Kiran
Shiba Inu
Source – Unsplash

The Shiba Inu [SHIB] community has been seeking and awaiting information pertaining to Shibarium. However, time and again, the network was seen delaying the launch of this update. Earlier this week, the SHIB network kickstarted a surprise countdown. While several assumed that this was about Shibarium, it turned out to be an update to the official website. Therefore, the Shib Army was visibly enraged about this.

Several pointed out how the countdown wasn’t necessary. Tweets about the same began pouring in. One Twitter user suggested expressed disappointment. Several went on to call Shiba Inu’s defense team co-lead, Trophias a “scammer.” It should be noted that the Shibarium beta testnet was expected to release in Q4 2022. Further defending the community, a Twitter user wrote,

“But you can’t blame people when they were told Q3 2022 or just a bit after. We are about to close Q4 2022 going into Q1 2023”

Another member of the Shib Army pointed out how the community appreciated the network’s hard work. However, all that they were seeking was information about the progress of Shibarium.

After garnering immense hate, Shytoshi Kusama decided to intervene. Earlier today, the lead developer of Shiba Inu agreed that the countdown was misleading. Therefore, Kusama apologized to the community and tweeted,

Will a delay in the launch of Shibarium impact SHIB’s price?

Similar to the rest of the crypto market, the price of Shiba Inu has been recording a significant plummet. The community strongly believed that Shibarium could boost the price of the meme coin. However, with the constant delay in its launch SHIB’s price could be immensely impacted.

At press time, while most assets were recovering, SHIB was encountering a daily drop of 3.30 percent. The asset was trading for $0.000008397. Over the last 24 hours, the asset plunged from a high of $0.000008753 all the way down to $0.000008059.