Shiba Inu Highlights Shibarium’s Community Edge Amid SHIB Price Crash
Shiba Inu’s marketing lead, Lucie, addressed the SHIB price crash, urging the community to focus on the development of Shibarium, the project’s layer-2 network. Unlike other blockchain ventures backed by venture capital, Shibarium relies solely on community contributions. Lucie noted that despite the current bear market—the longest many have seen—Shibarium’s resilience reflects its authentic, community-driven ethos. She acknowledged that SHIB has declined 44% year-to-date, falling to 23rd by market cap, and daily transactions on Shibarium dropped from 4 million to 8,750. However, Lucie emphasized welcoming new builders and projects to strengthen the ecosystem long term. With lead developer Shytoshi Kusama calling for elections, community members are invited to propose ideas that add liquidity and volume to Shibarium. At press time, SHIB trades around $0.00001195, down over 3%, highlighting the importance of sustained community support for Shibarium’s growth.
Neutral
The announcement underlines Shibarium’s community-driven approach, reaffirming long-term development goals despite the SHIB price crash. While this message may boost developer morale and reinforce holder confidence, it does not include immediate catalysts such as major partnerships, technology launches, or funding injections. Historical parallels show that community-driven narratives tend to offer long-term support but have limited short-term bullish impact when faced with sustained market downturns. Consequently, traders may view this as a stabilizing narrative rather than a clear bullish or bearish signal. In the short term, the absence of tangible upgrades to Shibarium or SHIB listings suggests minimal volatility impact. Over the long term, a robust community and potential leadership changes could underpin resilience, but material market movements will depend on measurable on-chain activity and external market conditions.