As a long-term crypto investor with some battle scars from past experiences, I completely agree with Lucie’s warning. The crypto space is full of opportunities, but it also attracts its fair share of scammers and fraudsters. I’ve seen many naive investors lose their hard-earned money due to a lack of caution and due diligence.
As a seasoned crypto investor, I’d like to share a crucial message from Lucie, the Shiba Inu developer team’s official marketing expert. She recently took to social media platform X (previously widely known as Twitter) to issue a vital warning for both experienced and new investors alike.
In a preface, Lucie issued a word of advice to all participants in the cryptocurrency realm: remain vigilant and beware of swindlers and deceitful individuals present in this industry. These nefarious characters can easily prey upon both seasoned traders and investors as well as newcomers to the crypto marketplace. In essence, Lucie’s caution reads: “Exercise care and avoid naivety when dealing with cryptocurrencies—always perform thorough background checks.”
Major scam warning comes from Ledger
As a cryptocurrency analyst, I’d like to share some important information that came to light earlier this week. Ledger, a leading manufacturer of cryptocurrency hardware wallets, issued a cautionary statement to the crypto community regarding a newly identified scam technique known as “address poisoning.”
A new type of scam has been targeting TRX, MATIC, and ETH digital wallets. The modus operandi of this fraud was detailed by the Ledger team in a series of tweets. In this scenario, a user encounters some unfamiliar cryptocurrencies or NFTs that unexpectedly appear in their wallet. The Ledger squad strongly advises against engaging with these coins/NFTs and suggests hiding them from sight instead.
As a fraud analyst, I’ve observed a deceitful tactic used by scammers in the crypto world. Instead of outright stealing large amounts of coins or non-fungible tokens (NFTs), they send small quantities to a wallet under their control. Once the transaction is recorded on the blockchain, the address of the scammer’s wallet gets added to the list of recipients. Later, the scammers hope that unsuspecting users may mistakenly select that wallet as their intended recipient for a transfer.
It’s crucial to double-check the intended address for sending your cryptocurrencies, as the Ledger team advises against relying on copied addresses without verification.
SHIB price performance
In the past week, Shiba Inu, the second most widely used meme cryptocurrency, has experienced a significant decline of over 14%. Its value dropped from reaching $0.00002.
As a researcher studying the cryptocurrency market, I’ve observed that SHIB experienced a 7% decrease in value between Thursday and Friday. However, it has since made a small comeback, recovering 3.23% of those losses. Currently, at the time of writing this analysis, the meme coin is being traded at a price of $0.00001803.
Despite the findings from a recent Santiment report, SHIB may experience a significant increase in value in the near future. The reason being, its 30-day MVRV index currently stands at -19.1%, suggesting that this cryptocurrency has been underpriced relative to its realized value.
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2024-06-22 11:05