Anonymous Shiba Inu Founder ‘Riyoshi’ May Have Quit Crypto

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Riyoshi, the anonymous founder of Shiba Inu may have decided to quit the cryptocurrency world. In a rather encouraging farewell note, the creator of SHIB who went by the name “Riyoshi” announced his decision on a Medium post. While Riyoshi has previously hinted at the possibility of quitting the crypto world, speculation in this farewell note claims that a scam artist may be behind Riyoshi’s mean message. For now, Riyoshi’s @RiyoshiResearch account with over 200,000 followers can be seen on Twitter, but all posts from his page have been deleted, showing correspondence to the release post.

“I am not important, and one day I will leave without notice. Take the SHIBA and journey upward,” read Riyoshi’s Medium post on May 30.

Screenshots of this post have found their way onto social media, with people warning members of the crypto community that this could all be a fake scam.

Despite Riyoshi’s supposed exit from the crypto sphere, the operation of the Shiba Inu will not be affected.

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This was confirmed by Shytoshi Kusama, a lead Shiba Inu developer who also claimed that even he was unaware of Riyoshi’s true identity.

“Ryoshi was, and is, one of the most successful anonymous founders of any project. Although I don’t know his identity, his legacy lives on in the Shib token, the Shib ecosystem, and all of the projects we plan to decentralize the world,” Kusama noted.

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Despite all the noise around the future of SHIB at this point, the cryptocurrency is currently trading at $0.000012 (roughly Rs. 0.000958) according to crypto price tracker Gadgets 360.

On CoinMarketCap, SHIB’s ranking is 16th, with a live market capitalization of $6.45 billion (roughly Rs. 50,140 crore). A total of over 549 trillion SHIB coins are currently in circulation with its undecided maximum supply.

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Well, if Riyoshi really left the crypto world behind, the decision comes at a time when Shiba Inu is working on his own metaverse.

Earlier in March, the developers of Shiba Inu announced that a total of 100,595 virtual lands will be offered for sale on its metaverse, some of which will remain private.

Shiba Inu is also listed on crypto exchanges like Robinhood and Bank of America crypto ATMs, which could boost its adoption.


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