The mysterious founder of Shiba Inu is leaving the crypto community

Shiba Inu

Ryoshi’s identity is as much of a mystery as Bitcoin’s founder Satoshi Nakamoto (Image: Shutterstock)

The founder of the cryptocurrency Shiba Inu has removed himself from the community and deleted all his blogs and tweets.

Ryoshi anonymous launched Shiba Inu as an alternative to Dogecoin in August 2020. The identity of the founder has remained unknown since the start of the project.

The meme coin founder had said many times that he would “disappear” one day, and this week he did.

“I said from the start I’m nobody, I don’t matter. Efforts to unmask my “identity,” even if successful, would be underwhelming. I’m just a meaningless guy typing on a keyboard, and I’m replaceable. I’m Ryoshi,” the mystery founder wrote in a deleted Medium post.

Ryoshi, tweets under the handle @RyoshiResearchwas considered the person or group of people behind Shiba Inu, the second most popular memecoin in the cryptocurrency world.

Ryoshi’s Twitter account is currently active, but all of his posts have been deleted. The account now features a profile picture of a Tibetan poet and yogi, Jetsun Milarepa.

Ryoshi’s identity is a mystery, as is the identity of Bitcoin’s founder, Satoshi Nakamoto.

According to Ryoshi, Shiba Inu was created as an experiment in decentralized spontaneous community building.

Leading developers of the Shiba Inu cryptocurrency, such as Shytoshi Kusama, have stated that the project will proceed and continue to realize “Ryoshi’s vision and plan for this grand experiment” of building a decentralized ecosystem.

“Ryoshi was and is one of the most successful anonymous creators of all time. While I don’t know his identity, his legacy lives on in the Shib token, the Shib ecosystem, and whatever projects we envision to decentralize the world,” Kusama wrote in a blog post on Tuesday.

The founder reportedly said goodbye to the ShibArmy with two blog posts on Medium. However, some members have suggested that these posts may have come from a scammer posing as Ryoshi.

Reports linking to Ryoshi’s blog now appear to lead to a disabled account.

What are whales in crypto?

“Whales” in crypto slang describe people or institutions that hold large amounts of coins of a particular cryptocurrency.

The news of Ryoshi’s existence hasn’t negatively impacted SHIB’s price, as the memecoin is up 3.1% in the last 24 hours and is now valued at $0.0000119.

While Shiba Inu is down 86% since its all-time high of $0.00008616 in October 2021, SHIB is still up 54% compared to 12 months ago.

Shiba Inu is still the most held token among the richest Ethereum whales, holding up to $1 billion in SHIB.

MORE : Controversial WeWork founder raises $70,000,000 for new crypto venture

MORE : Cryptocurrency bubble bursts, wiping out people’s life savings overnight The mysterious founder of Shiba Inu is leaving the crypto community

Justin Scaccy

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