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Lucie, the marketing leader of Shiba Inu, expressed support for Ethereum 
$2,570 and its founder, Vitalik Buterin, amidst increasing FUD (fear, uncertainty, and doubt) in the crypto market. The SHIB community backed the second-largest cryptocurrency by market capitalization, countering rising market concerns due to significant sell-offs by the ETH Foundation and Buterin.
Support Messages from Shiba Inu
In a post on X dated October 26, Shiba Inu’s marketing leader stated, “We, the Shib people, love and support Vitalik Buterin and Ethereum.” The marketing leader emphasized that the Ethereum network is a foundational pillar for SHIB ecosystem assets and Shibarium.
“We, the Shib people, love and support Vitalik Buterin and Ethereum.” – Shiba Inu Marketing Leader
Amid the rising FUD in the ETH market, Vitalik Buterin’s clarification that he has not sold any ETH stood out. He remarked, “I haven’t sold any ETH in the past month. My amount of ETH has actually increased,” raising market curiosity.
“I haven’t sold any ETH in the past month. My amount of ETH has actually increased.” – Vitalik Buterin
Performance of SHIB and ETH
Both ETH and SHIB reflected general market trends and lost value today. SHIB’s price dropped over 4% in the past 42 hours, currently trading at 0.00001691 dollars. Meanwhile, ETH decreased by approximately 3%, standing at 2,468 dollars.
Another significant developer in the SHIB community, Kaaldhairya, mentioned that Vitalik Buterin facing FUD rendered their issues trivial. These statements sparked further discussions in the market.
While the future of Shiba Inu remains uncertain, the growing rate of SHIB burn due to Shibarium’s development has increased investor satisfaction. These developments bolstered optimism regarding the long-term potential of the meme coin.
As uncertainties about Ethereum persist, the support from the Shiba Inu community reinforces SHIB’s role in market dynamics.
Impacted Stakeholders and Future Outlook
The Shiba Inu team’s support for Ethereum and Vitalik Buterin showcases the community’s commitment to major cryptocurrencies. Despite market fluctuations, SHIB’s ecosystem and Shibarium projects continue to attract investor interest.
During this process, the market performances of SHIB and ETH, alongside community support, are assessed as significant indicators of the overall health of the cryptocurrency market.
Taking into account past performance and community backing, analyses regarding SHIB’s long-term potential are ongoing.
