Exactly one year after posting his last tweet on 29 May 2021, Shiba Inu founder Ryoshi has deleted all tweets and all followings on his Twitter profile.
Ryoshi, the founder of Shiba Inu, deletes all his followings from Twitter
The evidently anonymous profile was only created in February 2021, i.e. before the unbelievable pump in April and May, and had in fact been abandoned since June 2021.
Now, however, all tweets have been removed, so the profile is now virtually empty, but with over 200,000 followers.
He has also removed all the posts on his blog on Medium, leaving only two new ones.
In the first one, he states that he is not important to the Shiba Inu project, while in the second one he states that all members of the Shibarmy are Ryoshi, and that Ryoshi himself does not represent anyone in particular, but the glory of the Shibarmy.
It is worth mentioning that the current value of the SHIB token is 86% lower than the all-time high recorded at the end of October last year, and that it has been practically in a constant decline since then, having lost 41% of its value in the last month alone.
SHIB’s current price is similar to what it was at the end of May last year, before Ryoshi stopped posting new tweets.
The reasons for his recent choice are unclear, nor how much this might affect the future of the project. It is worth noting, however, that in the last 24 hours, SHIB’s price has not suffered any losses, and is still about 2% higher than it was a week ago.
What could be the possible reasons that drove Ryoshi to such a gesture?
While it is indeed possible to imagine that the Shiba Inu project could continue without its founder, it remains to be seen what direction the project might actually take now.
Certainly, Ryoshi’s moves seem in some ways similar to those of Satoshi Nakamoto, the creator of Bitcoin who disappeared in 2011 and never turned up again. It is possible that Ryoshi was inspired by Satoshi, as the choice of a Japanese pseudonym also suggests.
However, Shiba Inu is a very different project from Bitcoin, which will by no means be able to follow in its footsteps.
While the disappearance of Bitcoin’s founder has been a powerful weapon for its success, not least because Nakamoto would appear to have passed away, Ryoshi’s disappearance for Shiba Inu might not turn out to be as positive.
Moreover, since Ryoshi’s real identity is unknown, he could always turn up again under his real name, or under another pseudonym, without anyone noticing.
Perhaps it is precisely for this reason that the markets do not seem to have priced the news in any way, as it is very difficult to imagine that he has really left the team running the Shiba Inu project altogether.
If, on the other hand, the team started to reduce its activity in support of the project, one could imagine a negative reaction from the markets, since Shiba Inu is a project that needs communication, if not outright propaganda, to proliferate and survive.