Shiba Inu’s social media lead, Lucie, made bold claims about Dogecoin and its biggest supporter, Elon Musk. In a recent post on X, Lucie argued that Elon Musk no longer holds the power to drive DOGE’s price upward.
She also criticized centralized exchanges (CEX) for their token listing processes, accusing them of focusing on profits rather than token ecosystems.
Elon Musk’s Influence on Dogecoin (DOGE) Weakens
Lucie took to her X account to address the issue, claiming that even Musk, Dogecoin’s biggest advocate, can no longer pump the cryptocurrency’s value.
Lucie highlighted how Elon Musk’s ability to influence Dogecoin’s (DOGE) price is fading. While his past posts often triggered big rallies, his recent mentions of DOGE seem to have little impact.
For example, on Sept. 7, Musk shared a cryptic post featuring an AI-generated image with the acronym “D.O.G.E.” and the caption “Department Of Government Efficiency.”
However, the post had little to no impact on DOGE’s price or trading volume.
Lucie believes the market is waiting for a new wave of investors, which could spark a bull run. The Shiba Inu executive argued that even Musk’s playful posts would not be enough to revive DOGE’s price without fresh adopters.
Moreover, she urged the Shiba Inu community to stay focused on supporting Shibarium, while the development team continues to build.
CEX Practices Under Scrutiny
Lucie didn’t hold back in her criticism of centralized exchanges. She alleged that these platforms prioritize listing tokens that generate hype and quick profits, regardless of their ecosystem strength. According to Lucie, teams often need to pay to get their tokens listed on these exchanges.
Even when tokens do get listed, Lucie said, there’s rarely a real price jump. “Probably nothing positive will happen to your token,” she remarked, suggesting market manipulation.
Her concerns echo recent data. According to IntoTheBlock, Shiba Inu (SHIB) saw a 287% spike in large transactions, with over 1.1 trillion SHIB tokens—worth about $14.55 million—moved within 24 hours. Each whale transaction averaged $296,000.
Analyst Predicts Shiba Inu Price Surge to $0.000081 After Breakout
Shiba Inu (SHIB) demonstrates stability after breaking from a falling wedge pattern. Market analyst Javon Marks predicts SHIB could soar to $0.000081, marking a 432% increase.
Shiba Inu’s current price is $0.0000133, up 0.49% from yesterday. Despite the slight increase, Marks maintains a bullish outlook, suggesting the breakout signifies the start of an upward trend. He emphasizes that the target of $0.000081 is still valid, despite some recent retracement.
Marks notes that the falling wedge pattern indicates diminishing bearish momentum, setting the stage for potential gains.
In conclusion, Lucie’s remarks about Musk’s fading influence on Dogecoin and her criticism of centralized exchanges point to concerns about market manipulation. While hype no longer drives Dogecoin’s price, Shiba Inu’s breakout from a falling wedge pattern offers hope for a potential rally.
Analyst Javon Marks sees strong upside potential for SHIB, but the market will ultimately decide its direction.
