In a recent update, the Gokhshtein Media founder and prominent meme coin proponent, David Gokhshtein expressed his relief that the ongoing FUD that says the Shiba Inu project has fizzled out.
The entrepreneur did this in a tweet yesterday while also calling out those that gave voice to the fear, uncertainty, and doubt (FUD).
He said; “If people just want to start a different project, just do it,” Gokhshtein tweeted. “Why FUD the people who gave you a platform?”
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I’m glad we’re done with the FUD on $SHIB.
If people just want to start a different project, just do it. Why FUD the people who gave you a platform?
— David Gokhshtein ®️ (@davidgokhshtein) March 17, 2023
Gokhshtein Confirms Shiba Inu FUD Goes Down
The response from the Shiba Inu’s proponent, Gokhshtein, came targeting the comment of a member of the BONE Discord, accusing the Shibarium developers of ripping off another project and failing to change the chain ID. Consequently, the price of SHIB plummeted as much as 10% on the day, while the price of BONE, the gas token for the Shibarium network, dropped as much as 26% as the uncertainty drove investors to dump these tokens.
Following this comment, Gokhshtein replied via his handle, saying that his SHIB investments were not doing well in light of the market uncertainty. As a result, he urged community members to stop spreading FUD. Also worthy of note is that Gokhshtein likely added to his SHIB holdings at the end of last month in anticipation of a potential price pump with the launch of Shibarium, as implied in a February tweet.
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As said by Gokhshtein, some of the persons that have given voice to the negative Shibarium narratives are former members of the SHIB team that had a fallout with lead developer Shytoshi Kusama in January. Notably, most of them are now members of the PawSwap team. For context, PawSwap is a proposed decentralized exchange set to launch on Shibarium that has gained notoriety within the community in recent weeks. Consequently, it is a potential ShibaSwap competitor.
However, the Shiba Inu tokens seem to be recovering despite the FUD against them. At the moment, the Shiba Inu is up more than 5% in the last 24 hours, with BONE up 7% in the same period.