Shiba Inu (SHIB) DAO Faces Criticism Over Whale-Centric Election

• 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 election will be decided by a token-weighted voting system where one token equals one vote. This structure all but guarantees that the project’s largest holders, or “whales,” will have the final say. In fact, project lead Shytoshi Kusama has stated the ideal candidate should be a whale, arguing their large stake gives them a vested interest in the ecosystem’s success.

However, this raises immediate concerns about the concentration of power and whether smaller community members will have any meaningful voice. 

The election process will see the top ten nominees advance to debates, with a second vote narrowing the field to three finalists before a winner is chosen. The core team retains veto power over candidates, should be noted.

What Will the New President Actually Do?

The elected interim president will oversee the implementation of the Hounds Constitution and forming the DAO congress and councils. Their responsibilities will include managing the ecosystem’s treasury, directing infrastructure development, and executing the strategic roadmap outlined in the “Shib Paper.” What this means is that the Shiba Inu interim president’s role is designed to begin transitioning control from the core developers to a community-led model.

This governance shift by way of the election coincides with Shiba Inu’s entry into its fifth “Shib Year,” comes at a difficult time for the token. Despite the decentralization efforts, the price of SHIB has fallen by nearly 44% this year, adding pressure on the new leadership.

SHIB Price Market Reaction: A Muted Shrug

Despite the significance of this governance overhaul, the market has responded with a muted shrug. At the time of this report analysis was made, SHIB traded near $0.00001225 on the 4-hour chart, holding above its recent low of $0.00001180 but below the 50-period exponential moving average (EMA) at $0.00001251.

ICYMI: A massive 410 trillion SHIB burn has been a hot topic. We broke down what it could mean for the price right here.

While the news initially caused a brief pop from its early August lows, the rally was quickly capped by the EMA, a technical sign that sellers remain in control. The price is still struggling to recover from a sustained downtrend that began in mid-July from highs around $0.00001550.

Volume analysis shows only modest spikes during the announcement period, suggesting limited market participation tied to the election news. For any bullish reversal to take hold, traders will need to see SHIB firmly close above the $0.00001250 resistance level to confirm renewed momentum.

Speaking of meme coins, you can’t ignore the original “Dogefather.” We did a deep dive into what’s known about Elon Musk’s crypto stash.