Shiba Inu's marketing lead, Lucie, warns of the risks and opportunities in the crypto space.
Lucie airs concern on the importance of DeFi, cold wallets, and self-custody for crypto holders.
The SHIB community recently burned over 105 million SHIB coins, boosting the daily burn rate by nearly 140,000%.
Lucie, the official marketing lead for Shiba Inu, recently addressed the global crypto community with an important message. In a post on X, she spoke to the loyal SHIB army and crypto holders everywhere. Her message focused on cryptocurrencies' vast opportunities and included a crucial warning. She emphasized the enormous potential of cryptocurrencies while cautioning about the associated risks.
Lucie of Shiba Inu Issues Important Warning to the Crypto Community
Lucie emphasized that while cryptocurrencies present endless possibilities, they come with risks. She pointed out that some people will make good profits, some may earn substantial sums, and others might even build generational wealth. However, she also warned that many could lose their investments. The key takeaway from her message was clear: the decision to invest in crypto is ultimately in the hands of each individual.
Advocating for DeFi, Cold Wallets, and Self-Custody
Lucie noted the importance of decentralized finance (DeFi) in her X space post. She encouraged crypto holders to keep their assets in cold wallets and control their private keys completely. According to her, these practices are essential to maximizing the potential of cryptocurrencies while minimizing risks.
https://twitter.com/LucieSHIB/status/1821893176686166472
The SHIB community made a notable move on the same day by burning over 105 million SHIB coins. According to data from the Shibburn platform, this action increased the daily burn rate by nearly 140,000%. This happened after the SHIB community asked Binance for a bid to burn 1% of Shiba Inu in every transaction. The Shiba Inu community intends to raise the coin's value due to its scarcity in the market.According to CoinMarketCap, Shiba Inu is ranked 21 in market capitalization, with its price reading at $0.0000138 showing a 0.87% surge.
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