The team behind the Shiba Inu cryptocurrency has teased “something new” in its recent social media post.
The new project has been described as “wallet-friendly,” “useful,” and “unmistakably SHIB.”
The social media account, which boasts nearly four million followers, has also tagged Bidget Wallet in its most recent social media post.
Jaded community
The community responses are clearly mixed, with SHIB holders showing visible frustration with the team.
Some users have 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 burns.
The perceived lack of transparency also appears to be a major concern among SHIB naysayers.
The price of the SHIB token is down 89.4% from its record high, according to CoinGecko data.