Shiba Inu Team Says, “Shib People Like & Support Vitalik Buterin & Ethereum”

Shiba Inu's marketing lead Lucie on Saturday expressed immense support for Ethereum and its co-founder Vitalik Buterin amid rising FUD for ETH across the crypto space.

Shiba Inu’s marketing lead has expressed support for Ethereum (ETH) and its co-founder Vitalik Buterin in the face of FUD circulating about the coin.

Lucie, Shiba Inu’s marketing lead, expressed gratitude for Ethereum and Buterin in an X post on Saturday. The post stated, “We Shib people, like and support Vitalik Buterin & Ethereum.” Lucie highlighted the significance of the network, which serves as the foundation for Shibarium and other assets in the SHIB ecosystem.

This support comes amid increasing fear, uncertainty, and doubt (FUD) in the ETH market. On the social media platform, users have accused the co-founder of dumping the coin. However, Buterin has denied these claims, stating, “I haven’t sold a single ETH in the past month? The amount of ETH I hold has actually gone up.” This has sparked curiosity in the market.

When questioned about the ETH Foundation’s dumps, Buterin explained that the entity is using the funds to pay researchers and developers on the network, as users’ fees are currently low. These statements from the co-founder, together with the Shiba Inu team’s expression of support, refute any claims suggesting that either party is selling ETH.

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