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Crucial SHIB warning made by the team for the Shiba Inu community
Yuri Molchan
A member of the Shiba Inu team issues an important warning to the Shiba Inu army and the entire cryptocurrency community
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The official marketing expert of Shiba Inu The team of developers, who prefer to call themselves Lucie, took to social media platform
After giving a small introduction, Lucie warned everyone in the cryptocurrency world to remain cautious and vigilant against possible scammers and scammers that the cryptocurrency industry is full of. These cybercriminals target both experienced traders and investors, as well as beginners in the cryptocurrency field. “Be careful and do not be naive in the cryptocurrency industry: always exercise caution and due diligence,” Lucie’s warning states.
Major scam alert from Ledger
Earlier this week, a major manufacturer of cryptocurrency hardware wallets Ledger turned to the crypto community with a warning against a brand new type of scam called “address poisoning.”
This new scam recently hit TRX, MATIC and ETH wallets. The mechanism of this scam was explained by the Ledger team in a short thread. One day, a user comes across some unknown coins or NFTs that have mysteriously entered his wallet. Ledger warns that these coins/NFTs should not be interacted with and are best hidden from view.
Scammers send a small amount of non-fungible coins/tokens to a wallet of their choice. The address records the sender’s (fraudster’s) wallet in the transaction list, so scammers hope that the user may mistakenly choose that wallet to make a crypto transfer.
This is why it is vitally important to always check the address you intend to send your coins to and not just blindly copy it, says the Ledger team.
SHIB price trend
Over the past seven days, the second most popular meme cryptocurrency, Shiba Inu, has lost more than 14%, falling from the $0.00002 level.
After a 7% decline observed by SHIB between Thursday and Friday, the meme coin managed to stage a slight recovery, regaining 3.23%. At the time of writing, the asset is changing hands at $0.00001803.
However, according to a recent report from Santiment, SHIB has a good chance of rising in the near term, as its 30-day MVRV index shows -19.1%, which indicates that this cryptocurrency has been largely undervalued.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many aspects of it. He has written for several crypto media. His articles have been cited by cryptocurrency influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keizer, etc.