According to U.Today, Lucie, a marketing expert for Shiba Inu, recently addressed the global community of Shiba Inu holders on the X platform, formerly known as Twitter, to discuss strategies for protecting themselves against fraudulent activities in the cryptocurrency space. Lucie emphasized the importance of maintaining a calm demeanor and not allowing scams to distract or provoke reactions. She suggested that the most effective way to safeguard against scams, rug pulls, and pump-and-dump schemes is to simply ignore them. Lucie likened reacting to scams to accepting 'free candy from strangers' or purchasing counterfeit items from aggressive street vendors, advising that crypto investments should be approached with caution and common sense.
In related news, the Shibburn wallet tracking platform reported a significant increase in the SHIB burn rate, with a rise of over 208% in the past day. This increase was achieved by removing 53,427,800 SHIB meme coins from circulation, with the majority being burned in a single transaction that sent 53,423,510 Shiba Inu to an unspendable blockchain wallet. The Shibburn website indicates that the combined efforts of the SHIB team and community have resulted in the burning of 410,742,344,605,975 SHIB to date. A significant portion of this amount was burned by Ethereum founder Vitalik Buterin in May 2021, after the mysterious SHIB creator Ryoshi sent half of the quadrillion supply to Buterin as a gesture of respect. Currently, 583,957,559,864,114 SHIB remain in circulation on the market.
