[DigitalToday reporter Yoonseo Lee] WoofSwap, a decentralised exchange (DEX) in the Shiba Inu ecosystem, criticised project leadership including Satoshi Kusama and raised questions over accountability for the SHIB token.

On June 23 (local time), blockchain outlet The Crypto Basic reported that WoofSwap argued leadership problems lie behind the ecosystem’s weak performance and eroding investor trust.

WoofSwap said the market no longer separates the SHIB token from the surrounding ecosystem. While some supporters defend it by saying “SHIB is SHIB”, it said investors now evaluate SHIB based on execution across the ecosystem, leadership and whether promises are kept. “Most investors have completely lost trust in SHIB because the ecosystem has failed to deliver meaningful results,” it said.

The comments come as dissatisfaction has grown in and outside the SHIB community. In particular, Shiba Inu developer Satoshi Kusama (사토시 쿠사마) has maintained a long silence on X, formerly Twitter, fuelling questions about the project’s direction and leadership visibility.

The criticism has extended beyond weak prices to issues of control. WoofSwap said those who currently hold the keys to the ecosystem have created little real value and have instead slowed progress. It said the market could react with unexpectedly strong gains if the current controlling forces step aside, adding that new leadership could reset expectations and provide room to restore trust.

WoofSwap said it is sceptical such change will happen in the short term. “The problem is they do not leave, and they do not want to hand the keys over to more capable people,” it said. It argued those in control have no intention of transferring authority and core resources to other contributors.

Market indicators are also linked to the tension. SHIB was trading at $0.000004630 and is down 94.76 percent from its all-time high. Its market capitalisation is $2.72 billion, ranking it 29th by crypto market cap. SHIB has faced pressure to defend its ranking, with the possibility of falling out of the top 30 raised several times recently.

Kusama’s prolonged silence is not the first. He has previously left X and returned with ecosystem updates. This gap is drawing more attention because it coincides with his focus on a separate artificial intelligence (AI) project, R. OS. According to currently disclosed updates, R. OS has entered the final stage of development and has completed the beta application and final bug fixes.

R. OS is separate from Shiba Inu, but debate is growing over who runs the ecosystem and the scope of accountability as the timing of Kusama’s shift in focus overlaps with SHIB weakness and community dissatisfaction. It said a phase in which ecosystem performance and trust in leadership are assessed together, rather than SHIB’s price alone, is expected to remain a key variable for the time being.

Most people have completely lost faith in $SHIB because the ecosystem has failed to deliver anything meaningful. A few die-hards still keep saying “$SHIB is SHIB,” The truth is, in the market’s eyes, $SHIB and its ecosystem are now one and the same. No single person can… https://t.co/d0o6hBvCRK