Shiba Inu team member issues warning as SHIB burn rate drops by 100%
The “Shiba Inu” project has attracted the attention of many investors and observers due to the extreme volatility of the digital currency SHIB and its large price fluctuations.
Despite these fluctuations, the project has witnessed significant development since its launch.
But recently, a team member issued a warning about some of the challenges the project faces.
Warning from the Shiba Inu Team:
“LucieSHIB”, an investor and head of marketing for the “Shiba Inu” project, issued an important warning on his Twitter account, calling on the community to be extremely careful, as his tweet came as follows:
Every time I give, I take from somewhere else.
Remember, do good and good will come back to you.
There is not enough kindness and generosity in the world.
But in the cryptocurrency space, be careful and don't be naive – always stay vigilant and do your due diligence.
Stay safe and alert.
The cryptocurrency industry is known for many fraudulent activities.
Data from Shibburn indicated that the burn rate of SHIB tokens has decreased by nearly 100% today.
This mechanism, implemented by the Shiba Inu team, aims to reduce the large initial supply of the cryptocurrency.
This significant decrease in burn rate may be related to the decrease in price volatility over the past few hours.
Extreme volatility usually leads to higher burning activity, and as prices stabilize, the motivation to burn cryptocurrencies may decrease.
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