SHIB Community in Turmoil Over Governance Proposal and Centralization Concerns

The shiba inu (SHIB) community is facing a leadership crisis as lead developer Shytoshi Kusama's proposal for an interim president, elected through token-weighted voting, has sparked significant backlash. Critics argue that the plan retains centralized veto powers with the Shiba Inu Foundation, undermining the project's decentralized governance principles. Prominent ecosystem project WoofSwap has labeled the move as 'controlled democracy,' further fueling dissent among holders. This controversy emerges as SHIB marks its fifth anniversary, raising questions about the future of its governance model and community trust.

Shiba Inu Coin Holders Revolt Over Leadership Election Plans

Shiba Inu's fifth-anniversary milestone in decentralized governance has devolved into a leadership crisis. Lead developer Shytoshi Kusama's proposal for an interim president—elected via token-weighted voting—has sparked backlash from the SHIB community, with critics decrying centralized veto powers retained by the Shiba Inu Foundation.

WoofSwap, a prominent ecosystem project, condemned the MOVE as 'controlled democracy,' demanding competent leadership over symbolic figures. The revolt underscores growing tensions around transparency and decentralization within the $7 billion meme coin's network.

Shiba Inu Community Calls for Leadership Overhaul Ahead of Elections

The Shiba Inu community is demanding a leadership change as elections approach, with growing dissatisfaction directed at current leader Shytoshi Kusama. Critics cite a lack of transparency and accountability in his management style, particularly on social media platforms. The sentiment reflects a broader push for democratic reform within the project's governance structure.

Potential candidates are being evaluated based on their track records and vision for Shiba Inu's future. Community members emphasize the need for a leader who can drive progress while maintaining open communication channels. The election process itself has become a focal point, with calls for transparency and inclusivity to ensure the project's long-term viability.

Kusama faces mounting pressure as factions within the community voice their concerns across various forums. The debate underscores the challenges of maintaining decentralized governance while pursuing ambitious development goals. How this leadership transition unfolds could set important precedents for other meme coin projects facing similar governance crossroads.

Shiba Inu Eyes 156% Rally After Confirmed Bullish Divergence

Shiba Inu may be poised for a significant upward move as a bullish divergence confirms on its two-day chart. crypto analyst Javon Marks suggests SHIB could surge over 156%, targeting $0.000032 from its current divergence confirmation level near $0.0000125.

The analysis reveals a mismatch between SHIB's price action and the MACD indicator, with the memecoin recording lower lows while MACD forms higher lows—a classic bullish reversal signal. Despite a 5.2% weekly drop, SHIB's consolidation NEAR $0.000017 hints at accumulating strength for a potential breakout.

At $0.00001238, Shiba Inu shows modest 2.1% daily gains. Achieving the $0.000032 target WOULD mark its highest price level since the 2021 bull run, reigniting speculative interest in the dog-themed cryptocurrency.

Shiba Inu's $0.01 Target Dismissed as 'Impossible' by Skeptics, Expert Counters

Luis Delgado, a prominent figure in the Shiba Inu community known as Del Crxpto, has challenged skeptics who argue that SHIB's rise to $0.01 is unattainable. Using a 'Them vs. Me' meme format, Delgado highlighted the crypto market's history of defying expectations, citing Shiba Inu's 2021 rally and Bitcoin's adoption by nations as reserve assets.

Delgado emphasized that seemingly impossible milestones have repeatedly materialized in crypto. A surge to $0.01 would require an 82,272% increase from SHIB's current price of $0.00001214—a feat some experts believe is plausible given the asset's volatility and past performance.