‘Ryoshi,’ the founder of the pseudonymous Shiba Inu (SHIB), has left the group after deleting all of their Tweets and blog postings this week.
Ryoshi’s identity has remained a mystery since the project’s inception in August 2020. In addition, like Dogecoin (DOGE) creators Billy Markus and Jackson Palmer, they have taken a hands-off attitude to the meme coin.
‘Shytoshi Kusama,’ one of the project’s lead developers, has indicated that the project will continue to “actualize Ryoshi’s vision and goal for this grand experiment” of creating a decentralized meme coin ecosystem.
What did Ryoshi say?
Ryoshi has intimated multiple times that they would eventually leave Shiba Inu since they have downplayed their importance and position. The founder allegedly said in a since-deleted Medium post:
“I’ve always said that I’m a nobody and that I don’t matter. Even if successful, the efforts to reveal my “identify” would be insufficient. I’m just some insignificant man pounding away at a keyboard, and I’m easily replaceable. “My name is Ryoshi.”
Ryoshi’s Twitter account is still up, although with no activity, and two blog pieces bidding farewell to the ShibArmy are still available on Medium. Some people, however, have speculated that these posts could be from a scammer who made a new account in Ryoshi’s name.
Previous reports pointing to Ryoshi’s blog now display the warning “user deactivated or deleted their account,” despite another account with his name and profile photo being active.
“I am insignificant, and one day I shall vanish without a trace.” The first post reads, “Take the SHIBA and go upwards frens,” while the second adds, “Every Shibarmy is Ryoshi.” It does not represent anyone but Shibarmy’s greatness! END.”
Shytoshi Kusama bids adieu to Ryoshi
Regardless of the possibility of tomfoolery, Shytoshi Kusama wrote a blog post on May 31 on Medium saying goodbye to Ryoshi and reiterating his dedication to the project’s future vision:
“Ryoshi was, and is, one of the most successful anonymous founders of any project, ever. Though I don’t know his identity, his legacy lives on in the Shib token, Shib Ecosystem, and all the projects we foresee to decentralize the world. ”
The post continued, “Ryoshi’s ethos of remaining anonymous and having no say in Shib’s direction adds to the mystique and awe of our mythos.” We started from scratch, never paid exchange for a listing, and grew tremendously to revolutionize “meme” tokens.”
“I meditated on this and saw the answer clearly. In most any story where a group must face insurmountable odds, the master disappears and leaves it in the hands of “the apprentice.”
This is the ‘you’ve learned all I can’t show you…’ moment in modern and ancient stories alike, as the hero (or protagonist) turns from a wanderer, to a warrior. (Late Act 2 in the Three Act Structure.) With this in mind, it is befitting that as we grow nearer to a completed Ryoshi’s Vision and realizing global decentralization, he would leave it up to us, The Shib Army. “
“ShibaSwap, Shi, Shibarium, Shib, Leash, Bone, Treat, ShibaSwap, ShibaSwap, ShibaSwap, ShibaSwap, Shib. Also worth noting is the concept of LOCAL Shib regions (meetups), as seen in ShibaZone and, later, Shibacon. These latter two aspects, in my opinion, are part of our development, and all of our other projects support or use one or more of the above,” the post continued.
No impact on SHIB prices
Notably, the revelation hasn’t had a detrimental impact on the price of SHIB, which has risen 3.1 percent in the last 24 hours to $0.00001209.
Despite being down 86% from its all-time high of $0.00008616 in late October 2021, SHIB is still up 54% from a year ago, which hasn’t been repeated across many significant assets.