- Shytoshi Kusama addresses false claims of billion-dollar SHIB wallets, urging investors to verify ownership to avoid misleading information.
- Shiba Inu’s price surged 2% following Kusama’s statements, reflecting increased investor interest amid broader bullish market trends.
- Another aspect that has fueled the SHIB bulls is a 14570% rise in the burn rate, with 279 million tokens being burned to date.
Shytoshi Kusama, a lead developer of the Shiba Inu, has become a provoker across the entire crypto sphere. On the 14th of October, Kusama went to X to explain the issues with fraudulent statements that associated themselves with billion-dollar SHIB wallets. To make sure such information is genuine, the developer encouraged the market participants to cross-check the information they are fed and this quickly prompted a lot of debate within the crypto community.
New Measures to Verify Claims
Besides raising concerns, Kusama introduced a straightforward method for verifying these claims. He advised individuals to challenge claimants to select a number between 1 and 100 and publicly reveal the amount. The wallet owner should then transfer the exact amount of SHIB tokens to another wallet.
Kusama emphasized that any refusal or delay in this process suggests the claim is false. This new verification approach has further fueled interest and discussions within the crypto landscape.
As a result, the Shiba Inu token gets boosted up in its prices quite considerably. After the comments of Kusama, the cost of SHIB went up by 2% thus making it attain $ 0.00001799. This upward movement has been propelled by other bullish market forces that have accompanied the new meme coin. Their daily range was seen at $0.00001712 and $0.00001817 in intraday trade, which continues to attract attention to this cryptocurrency.
Massive SHIB Burn Increases Market Sentiment
Moreover, recent reports reveal a surge in SHIB burn activity, with 279 million SHIB tokens burned over the past day, leading to a 14570% increase in burn rates. This development has created strong bullish market sentiment around the token, as more investors closely follow the price action.
In addition, SHIB futures open interest (OI) saw a 7% increase, with OI totaling $50.33 million and a derivatives volume upsurge of 40%, reaching $132.78 million. All of these factors underscore the rising investor interest in the Shiba Inu ecosystem.
The post Shiba Inu Price Surges as Lead Developer Exposes Fake SHIB Wallet Claims appeared first on Crypto News Land.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed