Shiba Inu Team Advises Investors To Do Their Own Research, Be Wary of Suspicious SHIB Partnerships

The development team behind meme asset Shiba Inu (SHIB) is warning traders to do their own research and be cautious of suspicious actors who claim to be a part of the SHIB ecosystem.

Timeline of Shiba-inu

A major Shiba Inu (SHIB) whale marked as address 0x1406, has embarked on a strategy to divide their massive holdings into smaller, less conspicuous wallets. This has raised suspicions within the crypto community with some speculating that it may be an attempt to evade scrutiny.

With the month of September almost over, Halloween enthusiasts have already started picking out decorations for the scariest holiday of the year, but cryptocurrency traders have other things on their minds, such as predictions of the future price of Shiba Inu (SHIB).

Shiba Inu (SHIB) has been the talk of the crypto town lately, but not for reasons you might expect. While many were busy writing off SHIB as another meme coin destined for oblivion, the token pulled a fast one.

Shiba Inu (SHIB) has been navigating turbulent waters in the crypto market since mid-April. With its price oscillating between the lows of $0.0000068 and the highs of $0.0000076, SHIB holders have been eagerly awaiting a breakout from this sideways movement.

The global reach of cryptocurrencies Shiba Inu and XRP will significantly increase to over 190 countries as a result of the partnership between cryptocurrency payment provider Wirex and on-ramp aggregator Onramper, which is expected to contribute to overall crypto adoption.

The ShibariumID project has officially announced its plans to introduce the first domain name service designed specifically for the Shibarium ecosystem. Expected to go live as early as next month, this development may mark a significant milestone for the Shiba Inu blockchain.

Traders have continued to flock to the Calcium token, a dummy token associated with Shiba Inu (CRYPTO: SHIB), causing its value to soar by 200% within the last 24 hours. This surge comes even after a warning issued by the SHIB team regarding the token's risks.

Shiba Inu (SHIB) cryptocurrency, renowned for its status as a meme coin with the second-largest market capitalization, has defied the recent bearish trend that had gripped it in the past few days. This resurgence follows a slump in SHIB's value, which reached a near-term low of $0.000007195 on September 21.

Shibarium, a fast-growing Layer-2 network, has processed more than three million transactions in less than a month. This impressive feat shows that many people are starting to use the network, which is gaining popularity quickly.

Layer-2 network Shibarium has impressively handled over three million transactions in less than a month. This remarkable achievement suggests the network has garnered significant adoption relatively quickly.