@mrjoy6923
SHIB recently announced plans to launch its very own decentralized autonomous organization designed to grant its vast community more power to participate in governance initiatives regardless of how many SHIB tokens they hold. The initiative aims to devolve the power concentrated in the hands of whales to give all holders a stake in dictating its future, increasing the SHIB ecosystem’s decentralization.
However, the announcement failed to translate to tangible token price increases as SHIB continues to trade at August 22 levels. SHIB is losing ground to new memecoins and projects like Rollblock that offer significantly higher growth upside, recording a 14.4% loss in the past month.
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