Shiba Inu Dev Reveals Coordinated Attacks After ‘The Shib’ Denies Biased Reporting

• The Shiba Inu team faces targeted smears aiming to discredit long-term contributors and weaken internal trust.
• Price slumps continue as SHIB hits a new low, dragged by a broader market slide and weak sentiment.

Shiba Inu developer Kaal Dhairya has pointed to what he described as a deliberate effort to undermine the original SHIB team.

On social media platform X, he noted a repeated pattern of public statements targeting individuals who have spent years building the Shiba Inu ecosystem.

Dhairya criticized these efforts as attempts to damage reputations while advancing personal agendas. “Tear others down so you can sell your snake oil,” he wrote, expressing frustration with what he believes are coordinated attacks.

The post came shortly after controversy surfaced involving Shiba Inu-focused publication “The Shib.” Accusations had claimed the platform deliberately ignored community updates due to personal disputes. The Shib denied the claims and noted,

The team also reinforced their ongoing focus on Web3, crypto, and blockchain reporting, vowing not to be distracted by speculation or unverified criticism. The team added,

Shiba Inu Users Split Over Recent Claims

The Shiba Inu community showed mixed reactions. Some members praised the team for speaking directly about the issue and for showing openness, while others remained doubtful.

One user claimed that The Shib dismissed their personal story without any explanation. Another user asked why Dhairya turned off comments on their explanation post if the accusations were not true.

Despite challenges, SHIB’s on-chain activity remains high. The project started in August 2020 by an anonymous founder named Ryoshi. Since then, it has built a loyal community. According to Etherscan, SHIB currently has 1,553,386 holders.

SHIB Price Dips Sharply Amid Broader Market Drop

Meanwhile, SHIB slid hard in the latest trading session. The CNF chart shows a 9.33% drop over the past day, putting the token at $0.000007891. The weekly chart also flipped red with a 15% slide, signaling growing pressure on buyers.

A new yearly low was printed at $0.0000071, a level not seen since October 2023. The drop started after the recent high of 0.00001026 on 11 November, with nine of the last eleven sessions in the red.

SHIB’s decline is in line with the larger market pull-back. The price of Bitcoin dropped to $81,385, registering its strongest decline in months, last seen amid the 2022 winter in the cryptocurrency market. The overall decline in market interest is driving SHIB’s current fall.