Shiba Inu Team Teases ‘Something New’ as SHIB Remains Down Nearly 90% from ATH

The team behind the Shiba Inu cryptocurrency has teased “Something new” in his recent post on social media.

The new project was described as “friendly”, “useful” and “unmistakably SHIB”.

The social media account, which boasts nearly four million followers, also tagged Bidget Wallet in its most recent media post.

Broken community

Community responses are clearly mixed, with SHIB holders showing visible frustration with the team.

Some users criticized the rather unfortunate timing of the announcement, given that the entire cryptocurrency market recently experienced a rather severe price crash.

There are also those who are dissatisfied with slow and inefficient burners.

The perceived lack of transparency also seems to be a major concern among SHIB’s detractors.

SHIB token price is down 89.4% from its record high, according to CoinGecko. data.