Shiba Inu News: SHIB marketing lead Lucie recently revealed why the crypto’s team is not making any major announcements amid the broader market crash. Notably, Lucie has reflected a gloomy outlook surrounding poor market conditions on X this Tuesday, deeming it to be the reason for no latest advancements. SHIB price also plummeted over 9% in tandem Lucie’s post, sparking investor discussions over future endeavours.
Shiba Inu News: Marketing Lead Deems Poor Market Condition As Reason For No Key Advancements
In an X post on March 4, Lucie stated, “The market crash isn’t the time to chase announcements, it’ll be dragged down by the bad market.” This statement aligns with why the SHIB community stood silent on any major developments amid the recent market turmoil.
Notably, the project’s lead developer, Shytoshi Kusama, also hasn’t made any key announcements on X amid the recent market crash since February. The last buzzworthy update revealed by the lead was in early February, the community’s partnership with the UAE Ministry of Energy and Infrastructure.
Lucie Says Build Connections Instead
Instead, the marketing lead believes that a market slump may be the best time to ‘focus on building connections.’ This statement in turn ignited speculations about whether the team is gearing up for another partnership, presenting as bullish Shiba Inu news.
Why Is The Crypto Market Crashing?
Meanwhile, the crypto market continues to face immense heat amid macroeconomic developments and liquidity setbacks. CoinGape reported that the crypto sector recorded over $1 billion in liquidations intraday amid Trump’s new tariffs saga.
Starting March 4, new U.S. import tariffs on Canada and Mexico have continued solidifying global trade war tensions. As a result, BTC & altcoins slump hard just after a prompt jump due to Trump’s previous crypto reserve announcement.
Shiba Inu Price Plunges 10%
SHIB price today crashed nearly 10% in sync with the broader market trend, reaching $0.00001281. The meme coin bottomed and peaked at $0.00001228 and $0.00001423 in the past 24 hours. Traders and investors remain apprehensive as they expect no major Shiba Inu news till the market recovers, as also hinted by Lucie.
Further, Coinglass data indicated a 22% decline in SHIB futures OI to $117.78 million. Also, the derivatives volume fell 6% to $156.66 million, underlining the waning market interest. In turn, crypto market watchers continue to monitor the token for further major price shifts.
The post Shiba Inu News: Why Is The SHIB Team Silent on Big Announcements? appeared first on CoinGape.
