Post
Topic
Board Altcoin Discussion
Re: Is Shiba getting rugged like Luna?
by
CaVO32
on 01/06/2022, 20:17:50 UTC
We really don't know what is running on the mind of the Shiba Inu founder.  It is early to say that it will commit a Rug Pull when the market is still very healthy.  I think we should take precautions for now.  If we are worried but have a second thought to sell,  we can sell half of our holdings at least we have secured 50% of the current valuation of Shiba Inu if ever the situation goes southward.
The decision of the founder of Shiba to leave the project sparked negative news for shiba holders, but in fact it did not have any impact on the price of shib other than the effect of the impact on the price of BTC, after I learned that if shiba has a different tokenomic so it doesn't have a bad effect on the price of shiba if the founder of shiba no longer controls developments shiba.
I dont really see for it to be that Shib would really be ending up like Luna and come to think that its application or being alternative payment system in gambling sites and other services is something that could be seen which means that application and relevance or utility is already there unlike this shitty Luna that we do know.

For those holders then its up to them whether they would be continuing on supporting it or not and price or its value will really be depending on the community
which is something that cant really be predicted thats why always mind off about the probabilities and be aware and be prepared on it.

If you are a holder of this meme token and you want to take some precautions, better get out of this project before it is too late. As the foundation of this token is also quite not solid for me, the chance of disappearing from this market is also very plausible. One thing that was red flag for me before was their thread in the forum. It was like a crap announcement and just because of the hype, the demand for this token got huge up to the point that binance listed it without the devs applying to them. For me, something is questionable on this project even if they found use case as payment method in gambling sites and the likes. But it is your funds at stake, so the decision is yours.