The group's pseudonymous marketing lead Shiba Inu, known as Lucie, sent an important message to the global SHIB army, offering a "friendly reminder" about memes and the "wild crypto world" in general.

Meanwhile, the popular meme cryptocurrency SHIB faced a sharp price drop overnight, following the collapse of Bitcoin.

SHIB marketing director's warning to the community

Speaking on behalf of the SHIB development team, Lucie warned the Shiba Inu community that while everyone loves memes and meme coins, they should not forget to “DYOR” — a popular acronym in the crypto space that means “do your own research” — when planning to invest in new meme cryptocurrencies or in cryptocurrencies in general.

Lucie once again warned the SHIB army: “Remember, in the dangerous world of crypto, no one is really your friend,” adding: “So always be alert and ready for any situation!”

Hey Shibarmy! 🤠 Just a friendly reminder: while all of these memes are entertaining, don't forget to **DYOR**—do your own research! Remember, in the wild world of crypto, no one is really your friend. So keep your head up and your shoes ready for anything!

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) August 28, 2024

Lucie praises artificial intelligence technology

On Tuesday, Lucie posted a tweet in which she praised the emerging and growing AI technology that is now being used by many people, especially in the field of art, allowing users to create various images without mastering professional design software like Photoshop.

Lucie tweeted that AI has removed “the limits to your creativity” as she shared a pfp (“proof and avatar) of the mysterious SHIB leader Shytoshi Kusama from 2021. Shytoshi has remained anonymous. However, this year, he has appeared at several public blockchain events (in Kyoto, Japan and Mumbai, India), and later did a video interview with a leading UAE news outlet. However, in all of these cases, he appeared wearing a mask.

Thanks to AI, your creativity has no limits. If you want to contribute, join the SHIBARMY community of active supporters by sharing your artwork and blogs with us.

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) August 27, 2024

He stated that he has no intention of revealing his true face because he believes that he is not that important, and that the success of SHIB is thanks to the SHIB team and the Shiba Inu community.

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SHIB Market Performance

Over the past day, the 13th largest cryptocurrency by market capitalization, SHIB, has faced a major decline, falling 7.63%. The second most popular cryptocurrency has fallen from $0.00001479 to $0.00001366, a price that is changing hands at the time of writing.

This drop comes after a sharp 5.56% drop that Bitcoin saw overnight, as the price fell below $59,000 from just above $62,000.
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