• Ryoshi, the founder of cryptoworld, recently declared his resignation and deleted all social media posts.
• The crypto community is worried about how the departure might affect the world’s second largest memecoin.
• Its price doesn’t seem affected by Ryoshi’s decision at the moment.

Ryoshi, the anonymous creator of Shiba Inu, returned to the Internet on Monday after a year’s absence, only to delete all of its social media activity and vanish again, leaving only a brief message: “I am not important, and one day I will be gone without notice. Take the SHIBA and journey upwards, frens.”

This shocking revelation has traders worried. They wonder if this is the best time to buy, or if the memecoin is undergoing some other changes that might trigger losses. The pseudonymous founder said repeatedly that he didn’t intend to stop.

Between May 12th and 13, Shiba Inu’s price fluctuated between $0.0000114 and $0.0000143. The rally rallied immediately following a sell-off and retested support at $0.0000106.

The gaps left behind by technical analysis are filled in with fundamental analysis. The Shiba Inu team seems to be working on the expansion and improvement of the ecosystem through new features, such as SHIB The Metaverse. There don’t seem to be any problems with the memecoin at this moment.

However, even though Shiba Inu appears unaffected by Ryoshi’s departure, experts warn that Shiba Inu is not yet out of the woods. This coin could still be the next Luna, and there are many dangers.

Their research shows that Luna and Shiba-Inu are almost in the same ranking. Ventures without a strong product foundation are at risk. They lack genuine use cases, and that could be a great obstacle facing the world’s second largest memecoin.

For the last couple hours, ShibaInu has been experiencing some difficulties. According to Coingecko data, the memecoin’s value is $0.00001169 as of this writing.

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