Shiba Inu DAO Election: Whales Dominate as SHIB Price Struggles

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 c… The post Shiba Inu DAO Election: Whales Dominate as SHIB Price Struggles appeared first on Coin Edition .