Shiba Inu’s marketing lead, Lucie, has provided optimism for community members amid the SHIB price 0 mainly alluded to the layer-2 network Shibarium, highlighting how it has maintained its strength over 1 Inu Exec Breaks Silence Amid SHIB Price Crash In an X post , the Shiba Inu marketing lead stated that Shibarium stands apart in the blockchain world as it has no VC funding, no massive exchange alliances, and no corporate safety 2 further remarked that the layer-2 network is being built the hard way, by the community and for the community, which she claims makes the journey more “authentic” despite being 3 also mentioned that the obstacles are real, as this is the longest bear market many have ever endured, with the SHIB price underperforming in this market 4 noted that as a result, some have lost patience and faith, and have even gone so far as to leave the Shiba Inu ecosystem in pursuit of other opportunities.
However, the Shiba Inu marketing lead suggested that she is unfazed by everything that has happened so far, including the SHIB price’s 5 remarked that Shibarium was never meant to be a free buffet for takers and that the mission has always been about gathering those who build 6 explained that these should be builders who expand the table, attract newcomers, and create reasons for investors and partners to support the ecosystem 7 line with this, Lucie stated that the solution is not complicated, as Shibarium’s future lies in welcoming new projects, supporting builders, and giving them space to 8 Shiba Inu marketing lead also alluded to the meme coin’s decentralized nature, noting that there is no obligation and no single authority deciding what must be 9 added that it is a system where value flows naturally to what the community believes in 10 SHIB Price’s Underperformance and Decline In Notable Metrics Lucie’s statement comes amid the massive decline in the SHIB price since the start of the 11 Inu is down 44% year-to-date (YTD) despite the notable gains in the broader crypto 12 a result, the meme coin has continued to drop in the crypto rankings by market cap and is now the 23rd largest crypto by market cap, having climbed into the top 10 last year.
Meanwhile, Shibarium’s metrics , including daily transactions, paint a bearish picture for the Shiba Inu ecosystem at the 13 daily transactions have dropped from an average of 4 million, recorded in early August, to just 8,750, recorded on August 14 developments come at a time when the Shiba Inu ecosystem is seeking to transition to new leadership, with lead developer Shytoshi Kusama calling for 15 urged anyone interested in taking the lead to go ahead and bring new ideas, new liquidity, and new volume to the Shiba Inu 16 noted that the goal is to focus on finding solutions to the mistakes made and leading the ecosystem toward a stronger future for 17 the time of writing, the Shiba Inu price is trading at around $0.00001195, down over 3%, according to data from CoinMarketCap.
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