Ryoshi, founder of the pseudonym Shiba Inu (SHIB), left the community this week after deleting all of their tweets and blog posts.
Similar to Bitcoin (BTC) founder Satoshi Nakamoto, Ryoshi’s identity has remained unknown since the project launched in August 2020. Also, they have a hands-off approach to memecoin, like Dogecoin (DOGE) founders Billy Marcus and Jackson Palmer.
Key developers such as Shytoshi Kusama said the project will continue and continue to “realize Ryoshi’s vision and plan” to build a decentralized memecoin ecosystem.
Ryoshi has repeatedly hinted that they will eventually leave, as they often downplay their importance and role in the Shiba Inu. In a now-deleted Medium post, the founder reportedly said:
“I’ve said from the beginning that I’m a nobody and that I’m not important. Even if it succeeds, the effort to uncover my ‘identity’ will not be impressive. I’m just a nobody hitting the keyboard and I can Replaced. I’m Reiz.”
For now, Ryoshi’s Twitter account is still up, but all activity has been purged, while two blog posts saying goodbye to ShibArmy are still on Medium. However, some members believe the posts may have come from scammers who created new accounts in Ryoshi’s name.
The idea seems plausible, as a previous report linked to Ryoshi’s blog now shows a “user deactivated or deleted their account” message, despite another account using his same name and profile picture.
“I don’t matter, one day I will leave without warning. Ride SHIBA and travel up,” the first article reads, while the second adds, “Every Shibarmy is a Ryoshi. It stands for not Someone, but the glory of Shebami! The end.”
Although tbh https://t.co/J2PCsuWqpx definitely not the original @RyoshiResearch
— Oliver Barsby (@OliverBarsby) May 30, 2022
Regardless of the potential stupidity on Medium, Shytoshi Kusama published a blog post on Tuesday saying goodbye to Ryoshi and reiterating his commitment to the founders’ vision for the project to advance:
“Ryoshi’s spirit of staying anonymous and having no opinion on Shib’s direction makes our myth even more mysterious and impressive. We started from scratch, never paid exchange fees for listing, and revolutionized the ‘meme’ generation by multiplying currency.”
“Shib, Leash, Bone, Treat, ShibaSwap, Shi, Shibarium. Also note the concept of a local Shib zone (party) like we see in ShibaZone, and finally Shibacon. For me, the latter two are Part of our growth, all of our other projects support or leverage one or more of the above,” the post added.
Related: Shiba Inu Has a New Use Case – Buying Land at SHIB: Metaverse
Notably, the news did not negatively affect the price of SHIB, with memecoin up 3.1% over the past 24 hours to reach around $0.00001209.
Even though the asset has fallen 86% since hitting an all-time high of $0.00008616 in late October 2021, somehow SHIB is still up 54% overall compared to 12 months ago, a situation that many major assets have yet to replicate.