In the world of cryptocurrency, who would have thought that a cute Shiba Inu image could move the emotions of millions of investors worldwide? But do you really understand Shiba Inu (SHIB)?
Since its birth in 2020, Shiba Inu (SHIB), as an ERC-20 token based on the Ethereum blockchain, has quickly gained popularity due to its unique meme culture and community-driven model. In just a few years, SHIB has attracted over 1.5 million token holders and fiercely competed with Dogecoin (DOGE), which was promoted by Elon Musk, becoming a force that cannot be ignored in the global cryptocurrency landscape.
But besides these familiar appearances, there are many unknown stories behind SHIB. Today, let's explore three little-known secrets about the Shiba Inu (SHIB) cryptocurrency.
1. Founder Ryoshi: The Mysterious Disappearing Force Behind the Scenes
In the cryptocurrency world, anonymous founders are no longer rare, from Bitcoin's Satoshi Nakamoto to Shiba Inu's Ryoshi; mystery seems to be a standard feature of these top projects.
Unlike others, Ryoshi not only remained anonymous but also chose to actively disappear from the public eye after SHIB's fame skyrocketed. Until May 2022, he completely deleted all tweets and blog posts on X (formerly Twitter), as if he had never existed.
Strangely, the true identity of Ryoshi remains a topic of much speculation. There have been rumors that Ryoshi may have some connection to Tesla CEO Elon Musk, but there has always been a lack of concrete evidence. Ryoshi's exit left SHIB without centralized control, completely handed over to community governance.
This spirit of decentralization has become one of the important reasons why SHIB was able to attract a large number of investors and even institutional attention globally. Nowadays, investors often rely on more professional research tools like Mlion.ai to understand the latest dynamics of the Shiba Inu ecosystem, tracking on-chain data and monitoring project developments to keep abreast of the latest changes in such decentralized projects, avoiding risks caused by delayed information.
2. LEASH: A Quiet Transition from Rebase Token to Fixed Supply
When it comes to Shiba Inu, many people only know about SHIB, but not much about another hidden gem in its ecosystem—LEASH.
LEASH was not initially a conventional token but was designed as a Rebase token, operating logic similar to early algorithmic stablecoins. Simply put, LEASH's supply would dynamically adjust based on market price fluctuations, attempting to maintain a price stability set by an algorithm.
However, this assumption was quickly overturned. The project team realized early on that the Rebase mechanism had many issues in practical application, such as complex user experience and severe price fluctuations. Therefore, LEASH was completely transformed into a fixed supply token, with a total of only 107,000 pieces, making it extremely scarce.
This transformation has not been widely publicized, so today many token holders still have only a vague understanding of LEASH's true history. As an important part of the SHIB ecosystem, LEASH is now assigned more high-end application scenarios, such as being used for providing liquidity and earning rewards on platforms like ShibaSwap.
To deeply understand the on-chain dynamics behind the secret transformation of something like LEASH, simple inquiries are far from enough. Professional investors usually track on-chain transaction changes, wallet distribution, and project ecosystem adjustments through the Mlion.ai data dashboard, helping to timely capture potential opportunities brought by ecological evolution.
3. SHIB Founding Team: The Ultimate Belief of Not Reserving a Single Token
In cryptocurrency projects, teams and founders usually reserve a certain percentage of tokens as incentives and chips for future financing. However, the SHIB project chose a path that almost no one dared to take from the beginning—0 reservation.
Yes, founder Ryoshi and his team members, including chief developer Shytoshi Kusama, did not reserve any SHIB tokens for themselves. More dramatically, 50% of the initial supply of SHIB was directly gifted to Ethereum founder Vitalik Buterin.
After receiving this 'generous gift', Vitalik chose to donate most of it to India's COVID-19 relief fund and destroyed a large number of remaining tokens. This action not only reduced SHIB's market circulation but also significantly enhanced the project's public image and community trust.
The extreme practice of not reserving any tokens by the founder means that all team members, if they want to hold tokens, must purchase them out of their own pockets like ordinary investors. This mechanism of 'starting on the same starting line as users' further strengthens the decentralized spirit of SHIB.
However, because of this extreme model, SHIB's market fluctuations are more easily influenced by retail investor sentiment, market trends, and other external factors. How to identify real trends amid sharp fluctuations? This requires the assistance of AI research tools like Mlion.ai, combining sentiment analysis, on-chain data tracking, and in-depth news interpretation to find the right direction amid market noise.
Conclusion: Is the Shiba Inu really just a 'meme'?
From the anonymous founder's disappearance, LEASH's identity transformation, to the radical mechanism of 0 reservation, Shiba Inu (SHIB) is far from a simple meme coin. It has built a massive community in just a few years, giving rise to a complete DeFi ecosystem and even occupying a place in the global cryptocurrency landscape.
But the crypto world is ever-changing; relying solely on enthusiasm and community is not enough. Only by continuously gaining insights from on-chain data and understanding the logical evolution behind projects can one find their own opportunities in the constantly evolving narratives. Mlion.ai, as an AI research assistant focused on the crypto market, is becoming an important tool for more and more investors to capture such information gaps.
Next time, when you see the Shiba Inu soaring and plummeting in your social circle, think about how many secrets you have yet to uncover about this little dog?
Disclaimer: The above content is for informational sharing only and does not constitute any investment advice! Investment carries risks, and caution is required when entering the market.
