Post
Topic
Board Altcoin Discussion
Re: Is Shiba getting rugged like Luna?
by
LouVandetta
on 01/06/2022, 00:31:00 UTC
I do not know what to make out of the news today about Shiba Inu's founder Ryosh distancing himself from Shiba and deleting all media posts across his handles. Usually this is a red flag and whenever it happens it gives the impression of a rugpull. Is that what we are likely going to have here, a similar situation of investors losing money like they lost in Luna. What is your observation on this? Please share with us.

Source link: https://www.moneycontrol.com/news/business/cryptocurrency/shiba-inu-founder-deletes-all-tweets-blogs-8613841.html
Better be carefull with shiba inu then, that thing screams a big red flag to me. Even a coin like Luna could crashed like that, shiba could as well.
When the founder is trying like to erase their existense by deleting their tweets or any of their activities, that's seems sus enough. Shiba is a meme coin, right? Not saying a meme based projects are always bad and not worth the investment, but just need to be very carefull when you want toinvest on some of them. Still, Shiba was one of the most successful meme-coin as of now, and the risk is always there no matter how good a coin looks like.