Team Shiba Inu’s social media expert, known in the community simply as Lucie, has issued an important statement to warn the SHIB army. In making this warning, Lucie cited the “world’s greatest mind” in science: Albert Einstein.
Team Shiba Inu’s social media expert, known in the community simply as Lucie, has issued an important statement to warn the SHIB army. In making this warning, Lucie cited the “world’s greatest mind” in science: Albert Einstein.
Lucie’s tweet advises SHIB fans and Shibarium developers to “stay away from negative people. “They have a problem for every solution.”
Recently, SHIB Marketing Lead Lucie and other team members have been frequently posting several important warnings to the global Shiba Inu community. Those statements mainly pursued one goal: to warn the SHIB army about the danger of crypto scams, including those that have emerged recently and are now targeting the community full of budding and inexperienced investors.
Yuri Molchan
Sharp drop in SHIB burn rate
According to data shared by the Shibburn Analytics PlatformOver the past 24 hours, the SHIB community’s efforts to decrease the circulating supply of Shiba Inu have seen a sharp drop.
Data revealed by the platform shows that since last night, the SHIB burn rate has seen a decrease of 18.78%. Still, despite this negative reading, a total of 8,748,598 SHIB meme coins have been burned, that is, transferred to non-fungible blockchain wallets and locked there forever.
Negative SHIB Price Performance
On Friday, June 8, the second largest meme cryptocurrency by market capitalization size, SHIB, faced a sharp price drop of about 8.4% printed by three consecutive red candles on the hourly chart.
This price drop followed similar negative price action from the world’s largest cryptocurrency, Bitcoin, which plunged 3.7%, falling from above the $71,650 level to the $69,030 zone. This BTC drop was likely triggered by GameStop’s poor Q1 earnings and GME’s 39% price drop that followed. Additionally, BTC was affected by the disappointing US government jobs report. At the time of writing, Bitcoin is changing hands near the $69,350 level.
