Shiba Inu Lead Reacts as Mark Cuban Praises SHIB and DOGE, Criticizes New Meme Coins
Key Highlights:
- Shytoshi Kusama, Shiba Inu’s lead developer, responded to billionaire Mark Cuban’s positive remarks about SHIB.
- Cuban emphasized the long-term value of the SHIB community while criticizing newer meme coins.
- Despite Cuban’s praise, SHIB’s price saw a 6% intraday dip, though optimism about its future remains high.
Shiba Inu Developer Responds to Mark Cuban’s Praise
Shiba Inu’s lead developer, Shytoshi Kusama, reacted to Mark Cuban’s recent praise of SHIB and Dogecoin, shared in a post on X. Cuban highlighted the long-term community-driven value of SHIB, calling it one of the few successful meme coins. Kusama responded, inviting Cuban to align with the SHIB project, emphasizing its blend of community support and real technological advancements.
Cuban Criticizes New Meme Coins
Cuban’s remarks also took aim at new meme coins like the TRUMP token, questioning their credibility and value. He sarcastically suggested launching his own meme coin, with proceeds directed to the U.S. Treasury, adding a twist to the concept. These comments sparked broader discussions about the role and sustainability of newer meme coins in the market.
SHIB Price Performance
Despite the attention from Cuban and Kusama, SHIB’s price fell 6% intraday, trading at $0.00001979 at the time of reporting. Its 24-hour range was between $0.00001968 and $0.00002194. Analysts, however, remain optimistic about SHIB’s long-term potential, with lead developer Kusama hinting at significant upcoming developments for the community.
Market Outlook
Shiba Inu continues to attract investor interest amid ongoing market volatility. Speculation is building over possible advancements following Kusama’s promise of a “big week ahead.” Analysts have also suggested that SHIB could reach a new all-time high as market sentiment improves. Traders and investors are closely monitoring the token’s performance for signs of a potential rally.
