Shytoshi Kusama Steps Down as Shiba Inu Leader: SHIB Price Impact Revealed

Shytoshi Kusama Steps Down as Shiba Inu Leader Shib Price Drop To 10%

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Shytoshi Kusama, the well-known leader of the Shiba Inu project, has announced that he has stepped down as Shiba Inu Leader. After years of guiding the Shiba Inu ecosystem, Kusama revealed that he is stepping down as the lead visionary to take on a new role as the lead ambassador for Shiba Inu. This change comes as the project continues to grow and make its mark in the Web3 space.

Shiba Inu’s Growth

In his announcement, Kusama reflected on Shiba Inu’s remarkable growth. What started as a simple idea inspired by the project’s anonymous founder, Ryoshi, has evolved into a full-fledged Web3 ecosystem.

Under Kusama’s guidance, the project launched key initiatives like ShibaSwap, Shibarium, and tokens such as BONE, LEASH, and TREAT.

Kusama pointed out that Shiba Inu is now more than just a cryptocurrency—it’s become a “Network State.” The ecosystem now provides tools that can help governments, businesses, and individuals transition from Web2 to Web3. Kusama expressed pride in how far the community has come, highlighting the project’s progress beyond expectations.

Kusama’s New Role

In his new role as lead ambassador, Kusama plans to focus on driving global adoption of Shiba Inu’s technologies. A major priority will be promoting ShibOS, a rebranded suite of tools designed for smooth Web3 integration.

Kusama also plans to collaborate with global leaders, businesses, and NGOs to strengthen Shiba Inu’s ecosystem and further its position in the decentralized tech space.

Alongside his ambassadorial duties, Kusama will be working on personal projects, including creating the “44 Tenets to Triumph in Crypto.” While pursuing these endeavors, Kusama remains committed to ensuring all his work aligns with Shiba Inu’s long-term goals.

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Shiba Inu’s Progress Despite Changes

Despite Kusama’s departure as leader, Shiba Inu’s momentum is far from slowing down. The token burn rate recently surged by 856%, removing 6.27 million tokens from circulation, according to Shibburn. However, the token’s price has dropped 11%, falling to $0.00001789, with a market cap of $10.5 billion.