The Shiba Inu burn rate skyrocketed by 252,910% as $100,000 worth of SHIB tokens was burnt in one transaction. This typically presents a bullish outlook for the Shiba Inu price, but the scam detector platform Susbarium has explained to investors why they should be wary of such token buns. 
$SHIB
Shiba Inu Burn Rate Skyrockets, But It Might Not Be Good
Shibburn data shows that the burn rate surged by 252,910% in the last 24 hours, with 5.6 billion SHIB tokens burnt during this period. A single transaction made up for most of these, with 5.5 billion SHIB burnt. A burn of such magnitude is bullish for the Shiba Inu price, considering that the meme coin’s price will ultimately become more valuable as more coins are burnt. 
However, in an X post, Susbarium warned SHIB investors to be cautious about this burn transaction. The platform explained that some projects use these big burns to attract Shiba Inu community members with presales or low-quality tokens. According to the platform, this isn’t the first time it has happened, and it won’t be the last. 
To avoid falling prey to such projects, Susbarium told the Shiba Inu community to ensure to look at the full picture. The scam detector outlined ‘DYOR’ tips that these investors could follow while trying to look at the full picture. First, investors were advised to go beyond the burn transaction and check the team’s background, roadmap, and whether the token has a real utility.
Secondly, Susbarium stated that Shiba Inu investors should review the token’s distribution and how much of the supply is allocated to the team or insiders. A huge allocation to the team or insiders can be a red flag. Furthermore, investors are advised to look into the supply, liquidity, and the token’s structure. The platform mentioned that projects with a balanced setup tend to be more secure. 

Lastly, Susbarium told SHIB investors to question promotions. The platform noted that influencers and large accounts rarely promote for free. As such, investors should be wary when they see influencers hyping a particular project and verify the details before investing. 
Team Members React To The Token Burn
Shiba Inu’s Marketing Lead, Lucie, also reacted to the $100,000 worth of SHIB tokens that were burnt and seemed surprised, considering that it isn’t a figure that is recorded daily. She also seemed to support Susbarium’s warning, reposting the post in which the scam detector platform had warned investors about such burns. 
Shiba Inu developer Kaal Dhairya also reacted to Susbarium’s post, simply saying, “Love this account,” indicating his support for the warning to SHIB investors. Susbarium also recently warned the community to be wary of scammers who were promoting fake ‘TREAT’ tokens, as there has yet to be an official token from the team. 

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🚨 IMPORTANT: ChainGPT is NOT related to ChatGPT🚨
ChainGPT ($CGPT) is a cryptocurrency claiming to provide AI-powered solutions for blockchain applications.
It has NO connection to ChatGPT or OpenAI.
The similarity in the name is misleading and can cause confusion among users.
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💸 Should You Invest in CGPT?
1. 📉 Extreme Price Volatility:
Prices change rapidly, raising concerns about potential market manipulation.
2. 🔒 Lack of Transparency:
The project’s legitimacy and long-term potential are unclear. Verify their claims and team credentials before investing.
3. ⚠️ Fraud Concerns:
Some users suspect foul play in market movements. Approach this token with extreme caution.
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✅ What Should Binance Do?
Clearly inform users that ChainGPT has no connection to ChatGPT or OpenAI.Ensure strict monitoring of CGPT trading activity to prevent market manipulation.Educate users about the risks of investing in lesser-known cryptocurrencies.
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💡 Conclusion:
ChainGPT (CGPT) is not associated with ChatGPT or OpenAI in any way.
This token comes with high risks due to price instability and community concerns over transparency.
Potential investors must do thorough research and exercise caution.
Binance should take active steps to protect users and clarify any misleading assumptions about CGPT.
This article was created with the help of ChatGPT, utilizing available information.
#BtcNewHolder #beaware #HighRiskInvesting #Fraud_alert

W/a scammers
It took me 2 months to gather informations which I’m sharing with all of you today. Hope you’ll read and acknowledge how to protect yourself and people around you.
My journey- mid of July I’m getting invitation to join w/a group called “Binance DiFi mining 15” impersonating Binance team.
I accepted invitation. Being curious as I am, started to scroll and see what is it all about. I’m finding out it’s invitation for joining DiFi liquidity pool USDTs. Can’t see any members of the group except admins which is a few of them so-called “analyst Tom” , “assistant Jenny” and some more, but still I can see posts of certain #members. “Assistant Jenny” provides table of content and announcement that each day different batch of members will be allowed to “talk” and if anyone is interested to join this “great project” should contact her privately for assistance. The red flag is there but I want to find out more. I DM her and I’m getting precise instructions how to join DiFi pool. Instructions are going as followed step by step: download trust wallet (if you don’t have one), transfer your funds from Binance, provide your wallet address to be rewarded with 10 - 20$ BNB, address of pool is provided to you, once you are there accept connect wallet and wait for your income next day. All goes smoothly. I participated with the minimum amount. Next day my income arrives but I need to collect it. Once you collect your daily income it’s added to your initial wallet funds so you are earning more. Longer you stay, higher income you are rewarded. I’m witnessing in the w/a group how people transferring thousands of USDTs to their wallets, some even more than hundred thousand and wonder if this is for real. Next day I received income again. I collected and it’s really on my wallet. At that point I decided to transfer all the funds from my wallet back to binance and get out of the game. I had permanently deleted my wallet but I’m still in the group, following what’s going on.
Initially project should last for a month. As a due date approaching assistant jenny post that difi will continue since is still in high yield and airdrops will be distributed as per “higher funds higher airdrop “. People in the group frantically transferring more funds to wallets. I’m taking my chances to warn some of the members whose posts I can see, but they don’t trust me and believe that project is perfect to earn passive income. It was going on until September 5th when w/a group is deactivated.
I guess it all went downhill and their wallets had been emptied.

#stsysafe #beaware #scammers

Scammers: "Claim free tokens! Just send us your wallet keys or pay a small fee!" 🪙✨
You: "Free tokens? Sounds amazing!"
5 minutes later: "Why is my wallet empty? 😱"

How Fake Airdrops Work:

1️⃣ Too-Good-to-Be-True Promises – Flashy posts claiming "Exclusive Airdrops!"
2️⃣ Suspicious Links – Direct you to shady websites or forms.
3️⃣ Scam Requests – Asking for your private keys or a small "processing fee."
4️⃣ Poof! – Your wallet is drained faster than you can say "blockchain."

How to Protect Yourself:

🚫 Never share your private keys or seed phrases.
🛑 Real airdrops never require upfront fees.
✅ Always verify announcements from official sources.
#FreeAirDrop #scamriskwarning #beaware #FakeAirdrops
Don't let scammers "take" your funds! Stay safe and protect your wallet. 💪
$BNB
$TON