Shiba Inu marketing executive Lucie, Ethereum 
$2,472 and expressed his support for its founder Vitalik Buterin amid the increasing FUD (fear, uncertainty and doubt) in the crypto market. The SHIB community has countered rising market concerns due to massive sell-offs by the ETH Foundation and Buterin by supporting the second-largest cryptocurrency by market capitalization of ETH.
Shiba Inu’s Support Messages
“We Shib people love and support Vitalik Buterin and Ethereum,” Shiba Inu marketing lead wrote in an X post dated Oct. 26. he said. The marketing leader emphasized that the Ethereum network is a fundamental building block for the SHIB ecosystem assets and Shibarium.
“We Shib people love and support Vitalik Buterin and Ethereum.” – Shiba Inu Marketing Leader
Amid increasing FUD in the ETH market, Vitalik Buterin’s statement that he is not selling ETH attracted attention. Buterin: “I have not sold any ETH in the past month. “My amount of ETH in hand has actually increased,” he said, increasing his curiosity about the market.
“I have not sold any ETH in the past month. My amount of ETH on hand has actually increased.” – Vitalik Buterin
SHIB and ETH Performance
ETH and SHIB lost value today, reflecting the general trend of the market. SHIB’s price has fallen over 4% in the last 42 hours and is currently trading at $0.00001691. ETH, on the other hand, is at $ 2,468, losing approximately 3% of its value.
Another prominent developer in the SHIB community, Kaaldhairya, stated that Vitalik Buterin’s encounter with FUD trivializes his own issues. These statements sparked additional controversy in the market.
While the future of Shiba Inu remains uncertain, with the growth of Shibarium, the burn rate of SHIB increased, increasing the satisfaction of investors. These developments have strengthened optimism about the long-term potential of the meme coin.
While uncertainty about the future of Ethereum remains, the support of the Shiba Inu community reinforces SHIB’s role in market dynamics.
Those Affected and Future Perspective
The Shiba Inu team’s support for Ethereum and Vitalik Buterin demonstrates the SHIB community’s commitment to major cryptocurrencies. Despite market fluctuations, SHIB’s ecosystem and Shibarium projects continue to attract investors’ attention.
In this process, the market performances and community support of SHIB and ETH are considered important indicators for the overall health of the cryptocurrency market.
Analysis of SHIB’s long-term potential, given past performance and community support, is ongoing.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
