As the market volatility intensifies, Shiba Inu lead developer Shytoshi Kusama has voiced his opposition to the popular call to “sell everything.”
X user “The Don Landoni” sparked the conversation when he proclaimed that the crypto market is doomed. “We are all going to die,” he tweeted, urging stakeholders to “sell everything” while they still can.
This sentiment came at a time when Bitcoin’s price had slumped to $91,220 on Thursday evening. Notably, the drop followed three consecutive days of declines, during which Bitcoin lost 11.18% of its value.
Bitcoin’s dip significantly impacted the broader crypto market, particularly the meme coin segment, where Shiba Inu dominates. Specifically, SHIB plummeted by 16.72%, dropping from $0.00002458 to almost losing the $0.00002 region.
In light of the market uncertainty, Landoni urged participants to sell their holdings while they still could instead of following the usual advice to “buy the dip.”
Shiba Inu Lead Disagrees
However, Shiba Inu’s lead developer disagreed with the sentiment. Kusama replied “No” to the call using a humorous GIF. Essentially, Kusama rejected the idea of selling one’s crypto assets out of fear of the market “dying” or crashing.
Notably, the Shiba Inu ecosystem is currently in the midst of launching its final ecosystem token, TREAT. Kusama has emphasized the importance of taking a long-term perspective and overlooking short-term price fluctuations.
Building Shiba Inu to Its Full Potential: Patience and Precision
In line with his rejection of short-term thinking, Kusama also stressed that building innovative decentralized systems like Shiba Inu requires time, precision, and careful planning.
He acknowledged delays in developing key components, including the metaverse and AI integrations. However, he reiterated that such complexity necessitates patience.
Kusama highlighted Shiba Inu’s modular design, known as the “36 Chambers,” which allows users to use different components tailored to their needs selectively. This system addresses challenges often faced by decentralized systems that lack a coherent structure.
By presenting a flexible framework, Shiba Inu could bridge the gap between Web 2.0 a d Web 3.0. Kusama is confident that the platform’s thorough design will ensure long-term success.
