Shiba Inu FUD Crashed, Price Soars 3.3% Despite Plagiarism Allegations

• Yesterday, a whale liquidated over $5 million in Shiba Inu’s $BONE token following allegations of plagiarism.
• The allegations were shrugged off due to the fact that the Shibarium layer 2 scaling solution is still in its beta stage.
• Famous YouTuber Ben Armstrong threatened to dox the real identity of Shytoshi Kusama, the lead developer for Shiba Inu.

Shiba Inu Still Bullish Amid FUD

Yesterday’s Shiba Inu bad review resulted in a whale staking and liquidating over $5 million in $BONE, according to onchain analysis. However, despite this FUD, the Shiba Inu (SHIB) ecosystem including the $BONE and $LEASH tokens have remained decoupled from yesterday’s incident and still remain bullish with a price increase of 3.3 percent within the past 24 hours to trade around $0.00001089 on Friday.

Plagiarism Allegations Refuted

KRYPSTEIN (@MrDonGG), Firechain and Rinia testnet developer, refuted claims that Shibarium developers stole or cloned his code stating that “everything I create or fork is open source and free to use”. These accusations were further shut down by Shytoshi Kusama who stated that he has been working on crucial updates for launching Shibarium layer 2 scaling solution soon enough.

Ben Armstrong Doxing Threat

The recent plagiarism scandal attracted famous YouTuber Ben Armstrong’s (@BitBoy) attention who threatened to dox Shytoshi Kusama’s identity following these allegations as he tweeted “wait until I dox the founder of $SHIB it’s coming this week“.

Shibarmy Unfazed By FUD

The Shibarmy remains unfazed by these recent events as they continue their pursuit towards creating an efficient network with greater scalability solutions such as their upcoming layer 2 scaling solution which should help them achieve their goals even sooner than expected if all goes well with their plans.


Overall, despite these reports, SHIB continues its bullish trend with little effect from yesterday’s incident making it clear to everyone involved that SHIB is still going strong amidst all this FUD and news surrounding it.

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