Shiba Inu (SHIB) continued to trade sideways on Monday following a turbulent week, which saw its price revisit key historical support levels.
Notably, the second-largest memecoin by market capitalization has had a turbulent week, losing more than 8% amid broader weakness in the cryptocurrency market. Yet amid price volatility, the Shiba Inu ecosystem has quietly been making strides that could shape its trajectory in the months ahead.
According to Shytoshi Kusama, the Shiba Inu project’s top developer, recent market fluctuations are less significant than the community’s long-term vision for SHIB.
In a detailed YouTube update Sunday, Kusama underscored the importance of focusing on SHIB’s broader goals rather than short-term market movements. While the video touched on a variety of philosophical and spiritual topics, Kusama ultimately tied these insights back to the principles guiding the Shiba Inu project.
“The key for SHIB is not reacting to short-term dips,” Kusama said. “Our goal has always been to build a fair and decentralized ecosystem that can endure beyond market volatility. Price swings are temporary, but the work we do in technology, community, and innovation is what defines long-term success.”
Kusama further highlighted ongoing technological initiatives within the Shiba Inu ecosystem. He emphasized that the project’s work with AI and blockchain integration is designed not just for short-term gains but to create lasting value for the community. He also shared that a new AI tool, currently in alpha testing, aims to deliver secure, encrypted solutions for digital legacy and personal data management, reflecting the project’s broader vision of integrating technology and user empowerment.
“Technology is not just about the coin; it’s about what we can create for the community,” Kusama said. “This project is designed to give people tools that help them build, innovate, and secure their digital legacy. That’s where SHIB’s long-term potential lies.”
Meanwhile, amid the ongoing market slump, on-chain data highlights strong community commitment and strategic accumulation by long-term Shiba Inu holders.
According to Arkham Intelligence, on Saturday, SHIB recorded one of its largest centralized-exchange movements in weeks, with 20.84 billion tokens, worth about $132,130, withdrawn from OKX’s hot wallet and moved to cold storage. Such withdrawals have historically preceded notable price gains.
Elsewhere, popular analyst KlejdiCuni noted that SHIB is in a long-term accumulation phase and approaching a major historical support zone around $0.0000067, a level that has triggered strong bullish reactions in the past. He highlighted that if this zone holds, SHIB could reach targets of roughly +150% and +250%, signaling a potential next bullish cycle.
At press time, SHIB was trading at $0.000006011, down 1.06% in the past 24 hours.
Source: https://zycrypto.com/shiba-inus-top-dev-emphasizes-long-term-focus-as-shib-flirts-with-historical-support/
