Shiba Inu (SHIB) Team Issues Warning About Telegram Group 'ShibaSweepers'

Shiba Inu (SHIB), a meme-inspired cryptocurrency that captured widespread attention in the crypto sphere, soared in popularity following a tweet by billionaire Elon Musk.

Shiba Inu project team warns against Telegram group ‘ShibaSweepers’

Shiba Inu (SHIB), a meme-inspired cryptocurrency that gained immense popularity following a tweet from billionaire Elon Musk, has seen its price rise sharply. However, Musk later clarified that his investments are limited to Bitcoin, Dogecoin, and Ethereum, distancing himself from SHIB amid continuous speculation.

On 7 July 2024, LUCIE, the marketing lead for the Shiba Inu project, shared an important advisory from a fellow member of the Shibarium team.

He urged people to avoid interacting with a Telegram group called ‘ShibaSweepers’ or its admin.

⚠️⚠️⚠️ ATTENTION ⚠️⚠️⚠️Dear #ShibArmy, warning from Vinci regarding ShibaSweepers on telegram

pic.twitter.com/BPquVWQRe2

This warning comes amid concerns about potential risks related to the group's activities.

The Shiba Inu project team advised the community to exercise caution and refrain from engaging with ‘ShibaSweepers’ to protect their interests and investments.

Bitcoin’s Rally Stalls as German Government…

Spot Ethereum ETF Set to Ignite American Investment…

Tron to Launch Fee-Free NFT Marketplace in Revolutionary Update

Shiba Inu price action

The Shiba Inu coin's current trading price shows a 6.9% increase over the last 24 hours. The cryptocurrency's price experienced a rapid surge during this period, despite a significant dump encountered earlier amid bearish sentiments prevailing in the entire crypto space.

Shiba Inu's recovery is influenced by overall cryptocurrency market sentiment. Improved investor confidence and stable market conditions are boosting interest and trading in assets like SHIB.

Shibburn X reported burning over 18 million SHIB (18,092,299) in the past 24 hours, marking a 781.73% increase in the daily burn rate.

HOURLY SHIB UPDATE

$SHIB Price: $0.00001662 (1hr 0.62% ▲ | 24hr 10.23% ▲ )

Market Cap: $9,769,407,985 (9.86% ▲)

Total Supply: 589,272,541,686,536

TOKENS BURNTPast 24Hrs: 18,092,299 (781.73% ▲)

Past 7 Days: 358,451,117 (369.53% ▲)

Reducing the supply of Shiba Inu tokens can drive up their price by making them scarcer. This happens because lower supply often increases demand and investor interest, potentially raising the token's value.

Read also: Bitcoin’s Rally Stalls as German Government Moves $40.55 Million in BTC

The above is the detailed content of Shiba Inu (SHIB) Team Issues Warning About Telegram Group 'ShibaSweepers'. For more information, please follow other related articles on the PHP Chinese website!