SHIB Community Divided Over Shibarium Ecosystem Favoritism Allegations

The shiba inu development team is facing significant backlash from its community amid allegations of favoritism within the Shibarium ecosystem. Tensions rose following high-profile endorsements by SHIB advisors Shytoshi Kusama and Kaal Dhairya for Positions Exchange's POE IDO, which competitors like WoofSwap claim creates an uneven playing field. This controversy highlights growing concerns about decentralization and fair treatment within the SHIB ecosystem as it continues to expand its Layer-2 solution, Shibarium. The situation underscores the challenges of maintaining community trust while promoting ecosystem growth in the highly competitive DeFi space.

Shiba Inu Team Faces Backlash Over Alleged Favoritism in Shibarium Ecosystem

The Shiba Inu development team has drawn sharp criticism from its community following perceived preferential treatment of certain projects built on Shibarium. Tensions escalated after high-profile endorsements of Positions Exchange's POE IDO by SHIB advisors Shytoshi Kusama and Kaal Dhairya.

WoofSwap, a competing decentralized exchange, publicly condemned what it called "biased promotion" that creates an uneven playing field. The platform argued ecosystem leaders should maintain neutrality to foster organic growth across all Shibarium-based projects.

Kaal Dhairya acknowledged the concerns while defending the advisory system, calling for clearer standards around project endorsements. The controversy highlights growing pains as the SHIB ecosystem evolves beyond its meme coin origins into a multi-project blockchain platform.

Shiba Inu Price Attempts Rebound Amid Key Resistance Test

Shiba Inu (SHIB) shows tentative signs of recovery, rising 1.09% to $0.00001239 after hitting a July low of $0.00001138. The meme coin remains 8.2% down weekly as traders await tomorrow's pivotal Shibarium governance vote—an event that could dictate near-term price direction.

Technical indicators paint a cautious picture: the RSI at 47.19 suggests waning bearish momentum, yet SHIB trades below all critical moving averages. The tightening Bollinger Bands signal impending volatility, with $0.00001311 acting as a make-or-break resistance level. Failure to breach this barrier may trigger a retest of $0.000011 support.

Shiba Inu Faces Surging Address Outflows: What Lies Ahead?

Shiba Inu (SHIB) has witnessed a dramatic 12,887% surge in large address outflows over the past 30 days, according to blockchain data from IntoTheBlock. This eye-catching figure, however, may distort reality due to the low baseline from which it started. A more tempered view emerges when examining shorter timeframes: outflows ROSE 58% over seven days and 34% over 90 days, suggesting a gradual recalibration of whale holdings rather than panic selling.

The token's price action reflects cautious market sentiment. While the headline-grabbing outflow percentage might suggest instability, the underlying trend points to strategic portfolio adjustments by large holders. Sporadic whale activity often amplifies percentage changes when initial volumes are negligible, creating misleading narratives.

Market momentum indicators for SHIB remain mixed. The divergence between sensational outflow statistics and actual price movement underscores the importance of contextual analysis in cryptocurrency markets. Traders appear to be discounting the extreme percentage jump, focusing instead on the more moderate weekly and quarterly trends.

Shiba Inu Signals Bullish Breakout as Analyst Identifies Profit Targets

Shiba Inu has reclaimed a key accumulation zone, sparking speculation of an impending breakout after a prolonged consolidation phase. crypto analyst Wyckoff Insider flagged the development, advocating a long position based on current price action.

The meme coin traded at $0.00001215, reflecting a 1.5% daily decline that extends its weekly losses to 11%. Technical significance emerged as SHIB's daily candle closed within a high-volume profile zone—a classic indicator of renewed institutional interest following periods of accumulation.

Chart patterns reveal robust support between $0.000009788 and $0.000011726, with long wicks beneath this range suggesting aggressive buyer participation. 'When assets retest historical value areas with this conviction, it typically precedes major moves,' observed a market strategist.