Shiba

bullish

Kusama

Verify

Shiba Inu

<ul class="wp-block-list">
  
 <li>Shytoshi Kusama addresses false claims of billion-dollar SHIB wallets, urging investors to verify ownership to avoid misleading information.</li>   
 <li>Shiba Inu's price surged 2% following Kusama’s statements, reflecting increased investor interest amid broader bullish market trends.&nbsp;</li>   
 <li>Another aspect that has fueled the SHIB bulls is a 14570% rise in the burn rate, with 279 million tokens being burned to date.</li> 
</ul>   
<p>Shytoshi Kusama, a lead developer of the Shiba Inu, has become a provoker across the entire crypto sphere. On the 14th of October, Kusama went to X to explain the issues with fraudulent statements that associated themselves with billion-dollar <a href="https://cryptonewsland.com/over-100k-active-wallets-revives-shibarium-after-rocky-start/" target="_blank" rel="noreferrer noopener sponsored nofollow">SHIB wallets</a>. </p>   
<p>To make sure such information is genuine, the developer encouraged the market participants to cross-check the information they are fed and this quickly prompted a lot of debate within the crypto community.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/ShytoshiKusama/status/1845787858503663746 
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<h2 class="wp-block-heading" id="h-new-measures-to-verify-claims-nbsp">New Measures to Verify Claims&nbsp;</h2>   
<p>Besides raising concerns, Kusama introduced a straightforward method for verifying these claims. He advised individuals to challenge claimants to select a number between 1 and 100 and publicly reveal the amount. The wallet owner should then transfer the exact amount of SHIB tokens to another wallet. </p>   
<p>Kusama emphasized that any refusal or delay in this process suggests the claim is false. This new verification approach has further fueled interest and discussions within the crypto landscape.</p>   
<p>As a result, the Shiba Inu token gets boosted up in its prices quite considerably. After the comments of Kusama, the cost of SHIB went up by 2% thus making it attain $ 0.00001799. This upward movement has been propelled by other bullish market forces that have accompanied the new meme coin. Their daily range was seen at $0.00001712 and $0.00001817 in intraday trade, which continues to attract attention to this cryptocurrency.</p>   
<h2 class="wp-block-heading" id="h-massive-shib-burn-increases-market-sentiment-nbsp">Massive SHIB Burn Increases Market Sentiment&nbsp;</h2>   
<p>Moreover, recent reports reveal a surge in <a href="https://cryptonewsland.com/shib-burn-rate-skyrockets-by-33000-as-dogecoin-killer-sparks-meme-coin-surge/" target="_blank" rel="noreferrer noopener sponsored nofollow">SHIB burn</a> activity, with 279 million SHIB tokens burned over the past day, leading to a 14570% increase in burn rates. This development has created strong bullish market sentiment around the token, as more investors closely follow the price action. </p>   
<p>In addition, SHIB futures open interest (OI) saw a 7% increase, with OI totaling $50.33 million and a derivatives volume upsurge of 40%, reaching $132.78 million. All of these factors underscore the rising investor interest in the Shiba Inu ecosystem.</p> 
<p>The post <a href="https://cryptonewsland.com/shiba-inu-price-surges-as-lead-developer-exposes-fake-shib-wallet-claims/">Shiba Inu Price Surges as Lead Developer Exposes Fake SHIB Wallet Claims</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Shiba Inu Price Surges as Lead Developer Exposes Fake SHIB Wallet Claims

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