As an experienced analyst, I believe Lucie’s warning to the Shiba Inu community is a necessary reminder in these volatile times. Scams and negative influences are unfortunately common in the crypto world, especially for new and unsuspecting investors. It is crucial that we stay informed, vigilant, and supportive of each other as a community.
The Shiba Inu team’s social media guru, referred to as Lucie in the community, has issued a significant alert to the SHIB community. In doing so, she referenced the renowned scientific genius, Albert Einstein.
Lucie’s tweet recommends SHIB fans and Shibarium developers to “stay away from negative people. They have a problem to every solution.”
As a researcher studying the cryptocurrency market, I’ve noticed an uptick in warnings issued by Shiba Inu (SHIB)’s marketing lead Lucie and her team. Their messages have been aimed at the larger SHIB community with the primary goal of raising awareness about the prevalence and danger of crypto scams. Many of these schemes have arisen recently, preying on unsuspecting and inexperienced investors within our community.
SHIB burn rate’s sharp drop
Based on information provided by Shibburn’s analytics, there has been a significant decrease in the Shiba Inu community’s efforts to reduce the current supply over the past 24 hours.
Since this morning, the SHIB burn rate, as indicated by the platform’s data, has experienced a decrease of 18.78%. However, it’s important to note that during this same period, a significant amount of 8,748,598 SHIB meme coins were irreversibly burned and removed from circulation. These coins have been transferred to unspendable wallets on the blockchain.
SHIB price negative performance
On Friday, June 8, the cryptocurrency SHIB, which is the second largest meme coin by market value, experienced a significant drop in price. This decline was marked by three consecutive red candles on the hourly chart, indicating a loss of approximately 8.4%.
The recent decrease in price for this asset came after a comparable decline in Bitcoin‘s value, which fell by 3.7% and went from being above $71,650 to around $69,030. This sudden drop in Bitcoin’s price can be attributed to several factors. First, the poor earnings report from GameStop caused its price to drop by 39%, potentially leading to a ripple effect on Bitcoin. Additionally, disappointment with the US government’s employment data added further downward pressure. At present, Bitcoin is being traded near the $69,350 mark.
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2024-06-08 12:11