The Shiba Inu leader, known under the pseudonym Shytoshi Kusama, has sent a message to the SHIB community warning them to beware of scams related to the SHIB meme coin and its ecosystem.
The Shiba Inu leader, known under the pseudonym Shytoshi Kusama, has sent a message to the SHIB community warning them to beware of scams related to the SHIB meme coin and its ecosystem.
From time to time, Kusama and SHIB marketing expert Lucie appear on X/Twitter with similar warnings, as the crypto space offers many opportunities not only for investors but also for scammers and fraudsters.
This time, Shytoshi Kusama warned the community not to fall for scams related to the KNINE token, launched by Shibarium’s recently announced partner in liquid staking, K9 Finance DAO.
Kusama also spread the word about a tighter integration between the SHIB team and the aforementioned K9 Finance team. Shytoshi Kusama and lead Shiba Inu developer Kaal Dhairya have been named official K9 advisors. K9’s tweet hints that this appointment is related to the aforementioned launch of the KNINE token on the Shibarium layer 2 solution.
Shibarium Team Teases Big SHIB Burns Coming
Lucie, the aforementioned SHIB team member, tweeted that at this point the SHIB team has set aside a whopping 40 ETH of transaction fees for SHIB burns. This is the equivalent of just over $3,390 and is worth a whopping 4,690,279,616 Shiba Inu meme coins.
The team began the SHIB burns in late November and burned chunks containing billions of SHIB from then until February. Thus, they destroyed approximately 36 billion Shiba Inu by transferring them to unusable wallets.
In January, the SHIB team began testing an automated way to burn Shiba Inu. Lucie did not mention any particular date when the burning would take place, but she only recommended that the SHIB army keep an eye out for future announcements.
Earlier this week, Lucie addressed the SHIB community about her frequent comments about the SHIB team supposedly doing nothing to increase burns.
In response to those comments, Lucie cited a message from the mysterious founder of SHIB, Ryoshi, who disappeared from the social media radar in 2022. Ryoshi advised those who are not happy with slow burning to start burning SHIB themselves.
So far, according to Shibburn, in the last 24 hours, the SHIB community has transferred a total of 48,209,535 SHIB meme coins from the circulating supply, with 42,466,919 SHIB being the largest portion burned so far.
