According to U.Today, Lucie, the marketing lead of the Shiba Inu team, has issued a warning to the SHIB community about the potential risks of investing in celebrity-backed cryptocurrency projects. In a tweet titled 'crypto and celebrities', Lucie expressed her surprise at the increasing number of celebrities venturing into the crypto space. She urged the SHIB community to remain cautious, stating that not all celebrity business ventures in the crypto space are trustworthy, with some having a history of questionable behavior.
Lucie emphasized the importance of the SHIB community staying vigilant while being open to new entrants in the crypto space. She advised the community to 'do your own research' (DYOR), a popular acronym within the crypto community, before investing in any projects. She also reminded her followers that while memes can be fun, they can also quickly turn sour, and advised investing only what one can afford to lose.
In related news, Shiba Inu's lead developer, Shytoshi Kusama, has returned to social media after a week's absence to support the SHIB community's enthusiasm. He published two optimistic tweets about the current state of the cryptocurrency market. Last week, Kusama congratulated 'SHIB frens at Ethereum' on the preliminary approval of spot Ethereum ETFs, sparking speculation about how this could impact the future of SHIB. Prominent Bitcoin supporter Anthony Pompliano also recently suggested that Wall Street companies might start filing for ETFs based on other coins this year.