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Shiba Inu community member @Digarch has published a post on the X social media platform (formerly known as Twitter) to share a warning sent to the SHIB army by a SHIB Discord admin.
Recently, DaVinci, an admin on the Shiba Inu Discord, issued a warning about these fraudulent activities. He highlighted that scammers are now launching tokens falsely claiming affiliation with the official Shiba Inu ecosystem.
The Shiba Inu team issued a stern warning against a rising tide of fraudulent activities targeting the Shibarium platform. Digarch (@Digarch) posted via X, “SHIBARMY extreme caution is advised in these volatile times,” and referred to DaVinci, a prominent member of the Shiba Inu team.
Analysis shows that SHIB's price risks falling to $0.000020 if the happenings on-chain remain the same.
The Shiba Inu community finds itself at a crossroads, as the allure of the popular cryptocurrency SHIB attracts not only genuine enthusiasts but also a swarm of opportunistic scammers. In a bid to prey upon the trust and excitement within the community, fraudulent schemes promising lucrative SHIB rewards have proliferated, posing a significant threat to unsuspecting users.
Shiba Inu is on the verge of losing some important ground for the price, and it may lead to some serious issues for the token. However, there are some support levels below the aforementioned support.
Dog-themed cryptocurrency Shiba Inu (CRYPTO: SHIB) has seen a significantly increase in token burns, with a 207% surge in the last several hours. What Happened: The Shiba Inu community has burned 4,796,486 SHIB tokens in several hours.
Today, crypto.news examines the recent trends and forecasts for some of the most talked-about meme coins: DOGE, SHIB, PEPE and STRUMP (Super Trump).
Bulls could not seize the initiative on the last day of the week, according to CoinStats.
In a recent report, data from IntoTheBlock revealed a significant decline in large transaction volumes for the meme-inspired cryptocurrency Shiba Inu (SHIB).
Dog-themed cryptocurrency Shiba Inu (SHIB) has witnessed a significant surge in token burns, with a remarkable 192% increase in the last 24 hours. The recent surge in burns has led to the removal of millions of SHIB tokens from circulation, with the Shiba Inu community taking part in the activity to create scarcity.
Almost 2 trillion worth of Shiba Inu tokens have been moved in the last 24 hours, but it is not as much as it may seem. According to IntoTheBlock's indicators, the amount of SHIB transacted by larger whales in the last 24 hours barely reaches the last week's average, which is quite explainable considering the poor performance of Shiba Inu on the market in the last 24 hours.
Shiba Inu (SHIB) prices have recovered and remain above the moving average lines.
The Shiba Inu (SHIB) ecosystem had an event-filled week with several developments surrounding the meme coin. These developments again highlighted the mixed sentiment towards Shiba Inu (SHIB), with the crypto token running the risk of declining further from its current price level.
Yat Siu, founder of Web3 giant Animoca Brands, has boldly predicted a transformative shift in the crypto industry, envisioning a $200 trillion market cap for cryptocurrencies over a decade.
As the cryptocurrency market kicks off June, all eyes are on meme coins Shiba Inu and Dogecoin, which have captivated the attention of both investors and enthusiasts. Known for their volatile price movements and vibrant communities, these digital assets often experience significant rallies and dips.
In the past two weeks, over 4 trillion Shiba Inu (SHIB) tokens, valued at more than $103 million, have been deposited into various cryptocurrency exchanges.
In the coming months, a well-known crypto trader forecasts substantial growth for two meme coins, Pepe (CRYPTO: PEPE) and Pepe Coin . What Happened: On Friday, pseudonymous crypto trader Altcoin Sherpa shared his bullish outlook on Pepe and Pepe Coin on X.
The 5 million milestone is significant for the Shiba Inu ecosystem, especially given the fact that Shibarium was launched in August 2023.
Daily SHIB transactions have returned more profit than losses to traders in the past 30 days.
Ripple CEO Brad Garlinghouse has sparked controversy by criticizing Dogecoin (DOGE) and suggesting that it lacks a clear purpose and utility.
In a crucial advisory, ShibArmy Scam Alerts has issued a warning to the Shiba Inu community regarding the proliferation of fraudulent schemes promising SHIB rewards.
Shiba Inu (SHIB) had a good showing in the month of May, despite the broader market uncertainty. The digital currency recorded 13.2% growth in May, according to data from Cryptorank.
Selling pressure on Shiba Inu increased substantially over the last week, which can result in a price plunge.
