Shytoshi Kusama Warns Of Fake Billion-Dollar Shib Wallet Claims

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As a seasoned researcher with over a decade of experience in the ever-evolving world of cryptocurrencies, I find myself constantly intrigued by the latest developments in this dynamic landscape. The recent statements from Shytoshi Kusama, the lead developer of Shiba Inu, have once again stirred a whirlwind of excitement and speculation across the crypto market.

On Monday, Shytoshi Kusama, the main developer of Shiba Inu, sparked a commotion throughout the broader cryptocurrency sector by warning against people who claim to possess Shib wallets worth billions. This comes after Kusama urged market participants to verify such claims before trusting them, causing international investor worry. Furthermore, Kusama also provided methods for confirming these claims, if they turn out to be false, leading to even more excitement in the crypto community.

Shytoshi Kusama Calls Out Fake Billion-Dollar SHIB Wallet Claims

On October 14th, as reported in an official post by Shytoshi Kusama, it’s been noted that some people have made assertions about possessing billion-dollar Shib wallets. Shytoshi advises those who find this intriguing to double-check the facts before taking such a seemingly extraordinary claim at face value.

Additionally, the lead developer of Shiba Inu highlighted a straightforward method for validating large holder claims. This method involves the claiming owner selecting a number between 1 and 100 and publicly disclosing it. Next, they should transfer the EXACT number of Shib from that wallet to another. Kusama explained further, “If for any reason (keys not available, waiting for something) they can’t send the specified amount, it might suggest they are being dishonest.

In various crypto circles, these statements have been widely accepted and discussed, with even the highest-ranked meme coin based on a popular dog theme experiencing substantial price increases.

Shiba Inu Price Soars

Today, the Shiba Inu coin surfed on an upward market surge, synchronizing with the broader market’s trend. By the time of reporting, the SHIB price had soared by almost 2% to hit $0.00001799. The day’s lowest and highest values for the coin were recorded as $0.00001712 and $0.00001817 respectively. It is worth mentioning that this upward momentum has stirred up more conversations due to Shytoshi Kusama’s recent comments.

At the same time, a recent report from CoinGape Media shows that the sharp increase in the crypto’s price is fueled by a massive 14570% rise in SHIB burn. Essentially, with over 279 million coins being burned within the past day, an optimistic market atmosphere has swept through the token.

Currently, data from Coinglass shows that the value of SHIB futures contracts increased by 7%, reaching $50.33 million. Additionally, the volume of derivatives associated with SHIB grew by 40% to $132.78 million. These figures suggest a surge in investor interest in the asset today. In summary, SHIB has been attracting considerable attention due to recent statements from Shytoshi Kusama and the coin’s recent price rise.

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2024-10-14 17:01