Warning: Shiba Inu (SHIB) Team Issues Critical Alert to the Community
Shibarium Trustwatch Warns of a New Threat The Shibarium Trustwatch team has once again alerted the Shiba Inu (SHIB) community to a new scam. This time, scammers are targeting users by asking them to send emails containing information about the SHIFU meme coin. "Scammers are asking people how to buy and claim SHIFU or if the token has appeared in their wallet," the warning states. Team's Advice: Stay Vigilant The team strongly advises users not to send emails to anyone and to verify all information only through official channels. Additionally, they emphasized the importance of protecting personal information and avoiding sharing it with unverified sources. What Is SHIFU? SHIFU is a new dog-themed meme coin connected to the Shiba Inu community. The token was introduced by Shytoshi Kusama, the lead developer, earlier in December. While it is available for trading on certain decentralized exchanges, major platforms like Binance have yet to list it. Special SHIFU Token Airdrop This week, the team initiated a special SHIFU token airdrop, with 30% of the total supply (30 billion SHIFU) to be distributed among the community: 22 billion SHIFU will be given to users holding at least 100,000 SHIB and 100 BUBBLE.2 billion tokens will be allocated to LEASH holders.1 billion tokens will go to lucky BONE holders. The remaining 70% of the supply will be used for other purposes, including liquidity, public presale, treasury, and marketing initiatives. Previous Warnings from Shibarium Trustwatch Scams targeting the Shiba Inu community are not new. Last month, the team warned users to avoid shady individuals offering services involving SHI and TREAT meme coins, which are not yet active. The team recommended following official accounts on X, including those of Shiba Inu, Shytoshi Kusama, Kaal Dhairya, and Treat, to avoid falling victim to false information. Protecting Against Scammers A few weeks later, the team exposed another scam where bad actors impersonated Shytoshi Kusama to promote fraudulent tokens in fake groups. The warning stated: "Always verify the authenticity of any group or token before participating. Stay vigilant and protect yourself and others from these scams." The Shiba Inu community is once again urged to exercise caution and rely on official sources to prevent any losses.
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Market corrections are temporary declines of at least 10% in cryptocurrency prices, usually caused by macroeconomic factors, investor sentiment, or overvaluation of digital assets. Although destabilizing, these corrections can represent buying opportunities for long-term investors.
What is a Market Correction?
A cryptocurrency market correction occurs when the value of a cryptocurrency drops by at least 10% from its recent value. This adjustment is considered a natural part of how financial markets function, helping to bring asset prices back to more realistic levels.
Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
Despite the ongoing price consolidation in Shiba Inu (SHIB), the popular second-largest meme cryptocurrency by market cap has gained significant attention from crypto giants, as reported by on-chain analytics firm IntoTheBlock. Today, December 18, 2024, IntoTheBlock revealed that SHIB’s massive transaction volume has spiked by 238.58% in the past 24 hours.
Source: IntoTheBlock Shiba Inu (SHIB) Bearish Outlook This notable volume appeared as SHIB began to experience selling pressure and the formation of a bearish price action pattern near a resistance level. However, the meme coin's bearish outlook came during a period when major cryptocurrencies like Bitcoin (BTC) and XRP witnessed notable rallies.