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SHIB Burns Crash 55%, But Here’s a Surprising Price Move
In a shocking turn of events, Shytoshi Kusama, the founder of Shiba Inu (SHIB), warned that many fraudsters are likely to begin luring people into purchasing fake TREAT tokens. This warning comes at a time when SHIB is undergoing an intense token burn, with over 55% of its total supply being eliminated.
As the community awaits further developments on this matter, it seems that Kusama’s warning has led to an unexpected increase in the price of SHIB. Despite the massive token burn, investors are showing interest in the asset once more.
Kusama’s tweet urging the community not to get scammed by fake TREAT tokens may have sparked a renewed sense of caution and responsibility among SHIB holders. This surge in interest has led to an uptick in trading volume and a corresponding rise in the token’s value.
While some analysts might view this sudden price increase as a temporary anomaly, it remains unclear how long this momentum will be maintained. In light of these developments, we can only speculate on what the future holds for SHIB.
For now, investors are advised to keep an eye out for any potential pump-and-dump schemes and avoid falling prey to fraudulent TREAT token offers.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today.
Source: u.today
