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- Shiba Inu’s market lead recently addressed the Shiba Inu community, offering a message of encouragement amid the ongoing crypto market downturn.
- Her words were a direct response to the growing FUD, which has been amplified by the market uncertainty caused by Donald Trump’s recent tariffs.
The Shiba Inu community is abuzz with anticipation as the development team hints at exciting projects on the horizon. Shiba Inu Marketing lead Lucie posted an explanation recently in an X post, stating that although some projects are on the verge of being announced, others are massive projects and will take time to be completed. She clarified that “Others? They’re so big, they’ll take time to unfold. But the momentum is building.”
REAL CHAT
Yeah, the market looks gloomy and the mood feels heavy right now.
But behind the scenes? It’s a different story.New tech is getting ready to roll out.
Fresh opportunities are already here.
And we’re connecting with more good people every day.Some things you’ll hear…
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) April 8, 2025
The lead acknowledged the current market downturn, admitting that the environment is heavy and uncertain. But she assured the Shiba Inu community that behind the scenes, things are different. She emphasized that new opportunities are already in the pipeline, and positive connections are being made all the time.
Lucie reinforced maintaining concentration and steering clear of FUD, trolls, and market theatre, affirming that true development results from technological innovation, DeFi, and genuine innovation rather than diversions. She exhorted the community to “Do Your Own Research (DYOR)” and maintain concentration on serious progress instead of market gossip.
Lucie’s comments come as the world economy falters due to the imposition of wide-ranging U.S. tariffs over the weekend. The crypto market took a hit when the U.S. President Donald Trump imposed tit-for-tat tariffs on several nations, including 20% on the EU, 26% on India, 49% on Cambodia, and a record 104% on all Chinese imports. In response, China has also imposed new tariffs on American products, fanning the already-existing trade tensions.
Shiba Inu’s Developments
Unfazed by this economic uncertainty, Shiba Inu keeps pushing forward. CNF previously reported on Shiba Inu releasing “Karma,” an action-based reputation system to create greater interaction on Shibarium, the project’s layer-2 blockchain solution.
Karma is currently live on Shibarium’s home testnet, Puppynet, where it gives rewards to users for positive behavior, such as burning SHIB, burning 15,000 Karma points, and purchasing land in the Shiba Inu Metaverse, purchasing 1,000 Karma points. Notably, this project is part of Shytoshi Kusama’s vision for Shiba Inu to become a global powerhouse.
Conversely, SHIB’s market capitalization has dropped 4.28% in the past 24 hours to $6.35 billion, while trading volume has also declined 11.89%, now at $370.71 million. SHIB’s price is $0.00001092 and has fallen by 11.30% in the past 7 days. According to data from Shibburn, the 24-hour burn rate has surged by 723.67%, with 33.22 million SHIB being burned within the last 24 hours. The total SHIB burned from the initial supply is 410.75 trillion, with a total supply cap of 999.98 trillion and a circulating supply of 584.37 trillion.
