Explore the major developments in Shiba Inu coin

Shiba Inu Coin (SHIB) has been one of the most talked-about cryptocurrencies in recent times. Known as the “Dogecoin Killer,” SHIB has garnered a massive following and has seen significant price movements. This article delves into the latest news and updates surrounding Shiba Inu Coin, providing insights into its recent performance, major events, and future prospects.

Recent Price Movements

As of July 19, 2024, Shiba Inu Coin has experienced notable price fluctuations. Recently, the price peaked at US$0.0000172 amid a broader crypto rally.

Major Events and Developments

Shiba Shootout Presale: One of the significant events in the Shiba Inu ecosystem was the Shiba Shootout presale. This event attracted considerable attention and investment, although it also coincided with a price drop for SHIB as traders shifted their focus to the new project.

Security Breaches: Shiba Inu Coin was recently affected by a major hack on the WazirX exchange, where hackers stole 5,433,750,000,000 SHIB. This incident led to a significant sell-off, further impacting the coin’s price. The hack has raised concerns about the security of cryptocurrency exchanges and the need for enhanced measures to protect investors.

Lending Campaign: In a positive development, Japanese financial giant SBI VC Trade launched a Shiba Inu lending campaign with attractive interest rates. This initiative aims to provide SHIB holders with opportunities to earn passive income, thereby increasing the utility and attractiveness of the coin.