According to U.Today, Lucie, the official marketing expert of the Shiba Inu developer team, has issued a warning on social media platform X (formerly known as Twitter) to both experienced and novice participants in the cryptocurrency space. Lucie urged individuals to remain vigilant against potential scammers and fraudsters prevalent in the crypto industry. The warning emphasized the importance of exercising caution and due diligence in the crypto space.
Earlier in the week, Ledger, a major cryptocurrency hardware wallet producer, issued a warning about a new type of scam known as 'address poisoning'. This scam has recently targeted TRX, MATIC, and ETH wallets. The scam involves fraudsters sending a small amount of coins or non-fungible tokens (NFTs) to a chosen wallet. The wallet then records the sender's (scammer's) wallet to the transaction list. The scammers hope that the user will mistakenly select that wallet for a crypto transfer. Ledger advises users not to interact with these coins/NFTs and to always verify the address to which they plan to send their coins.
In terms of price performance, Shiba Inu, the second most popular meme cryptocurrency, has seen a decline of over 14% in the last seven days, falling from the $0.00002 level. Despite a 7% drop between Thursday and Friday, the meme coin has managed a minor recovery, regaining 3.23%. At the time of writing, the asset is valued at $0.00001803. However, a recent report by Santiment suggests that SHIB has the potential to surge in the short term. The report's 30-day MVRV index shows -19.1%, indicating that the cryptocurrency has been largely undervalued.