Shiba Inu DAO Election: Whales Dominate as SHIB Price Struggles
Main Idea
Shiba Inu is transitioning to a DAO governance model with a three-phase election for its first interim president, but the process is dominated by large holders (whales) and the SHIB price remains under pressure.
Key Points
1. Shiba Inu has begun a three-phase DAO election to appoint its first interim president, marking a move toward decentralized governance.
2. Large holders (whales) will have significant influence in the election, while the core team retains veto power over candidates.
3. The new president will focus on finalizing the 'Shib Constitution' and forming the DAO congress and councils.
4. Despite governance developments, SHIB's price has fallen nearly 44% this year and remains below key technical indicators like the 50-period EMA.
5. Market reaction to the DAO news has been muted, with SHIB struggling to break resistance levels, reflecting cautious sentiment.
Description
Shiba Inu begins a three-phase DAO election to appoint its first interim president. Whale-dominated voting raises concerns about concentrated influence in Shiba Inu governance. SHIB price remains below EMA despite governance news, reflecting cautious market sentiment. The Shiba Inu ecosystem is moving to decentralize its leadership by launching a three-phase election for its first-ever “ interim president ,” a major shift toward a DAO governance model Why Whales Will Decide the Winner The electi...
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