Shiba Inu: Shytoshi Hits Back at BitBoy for Spreading “FUD”

Sahana Kiran
Shiba Inu
Source – Unsplash

The entire community was eagerly awaiting the launch of the beta version of Shibarium, a layer-2 update. Its recent rollout created quite some noise in the Shiba Inu ecosystem. However, this wasn’t for the best reasons. Accusations of Shibarium running on a stolen code began surfacing. Amidst this, BitBoy, a prominent YouTuber decided to reveal the identity of the network’s lead developer.

Shiba Inu’s rise to fame was lauded by many. But several found it suspicious that the founder and the lead developer of the network went by pseudonyms and their identities were unknown. However, this only gained traction after Ben Armstrong a.k.a BitBoy decided to “dox the founder.” Now, troubled by the current discussions going around on social media, Shytoshi urged BitBoy to drop the FUD. In a recent tweet, the lead developer of Shiba Inu wrote,

“I sat in your live stream and you said nothing about Shib of substance, ignored me, and blew us off. Therefore I will disengage as you are a waste of time.”

The tweet was sent in reaction to BitBoy’s recent pledge to divulge the name of the developer. During a live stream, Kusama said BitBoy ignored him and went on to label the YouTuber a “waste of time.” It did not end at that. Shytoshi further tweeted,

“Finally, I wouldn’t call it beef. You now have real beef to deal with. Just consider it a kind request to stop fudding.”

He continued by saying that BitBoy now has “real beef” on his hands, alluding to a class action lawsuit brought against various influencers, including BitBoy, for allegedly endorsing unregistered stocks while advocating the defunct FTX exchange.

Shiba Inu shines through all the FUD

FUD around cryptocurrency networks often poses detrimental to their native assets. However, Shiba Inu was seen pocketing funds just like its counterparts. At press time, SHIB was trading for $0.00001085 with a 3.36% daily rise. This further pushed the meme coin’s weekly gains to 9.16%.

Source – SHIB/USDT Chart on TradingView

Additionally, the short-term price chart of SHIB noted that the bulls were still in the foray. The MACD indicator was currently in a bullish crossover further suggesting a possible uptrend moving forward.