Shiba Inu’s Lead Warns Community About Web3 Risks and FUD

Shiba Inu (SHIB) Rebounds 1.4% as Trading Volume Soars 47% in 24 Hours

Lucie, a key marketing figure for Shiba Inu (SHIB) in the crypto community, recently addressed concerns within the SHIB army. She discussed the current state of the crypto market and the growing negativity the SHIB team has encountered, including threats directed at Shytoshi Kusama, the lead developer.

Lucie expressed disappointment with the overall cryptocurrency market and highlighted that many are waiting for a change. She urged the SHIB community to halt the spreading of “unnecessary insults and FUD” (Fear, Uncertainty, and Doubt), emphasizing that the market is much larger than any individual or team. According to Lucie, the team is diligently working on new technologies, and the value of SHIB ultimately depends on holders and market demand.

Focus on Technology, Not Criticism

Lucie stressed the importance of focusing on the bigger picture rather than criticizing the team. She reminded the SHIB army that their ecosystem’s token movement is heavily influenced by market conditions, and holders must understand how crypto operates. The marketing lead also urged the community to refrain from making threats against Shytoshi Kusama, questioning whether they truly grasp the complexity of the crypto space. 

Related article: SHIB Price on the Edge: Is a Price Breakout Imminent?

In the same message, Lucie issued a broader warning to the entire Shiba Inu community. She urged everyone to stay vigilant while interacting with others online, particularly in the Web3 space. Lucie warned about the risks involved in the crypto environment, advising users to always be cautious and protect themselves.

SHIB Shows Signs of Recovery

SHIB, the second-largest meme cryptocurrency, has begun to recover from its recent 13.12% drop. The token fell from $0.00001870 to $0.00001625 but has since bounced back with a 5.4% increase, now trading at $0.00001714. 

Related article: Shiba Inu Rebounds with Price Surge and Burn Rate Growth 

Meanwhile, the daily SHIB burn rate has dropped by 52.16% over the last day, according to the Shibburn tracker. 

A total of 1,200,480 SHIB tokens have been burned, which should help reduce supply and potentially raise the price in the future.

Durojaiye Olusola

Lanre Durojaiye

Mr. Durojaiye Olusola is a finance graduate and cryptocurrency writer with over a year of experience providing market insights and clear, well-researched analysis. Dedicated to helping readers understand blockchain trends and digital asset developments.

Share this :

Facebook
Twitter
LinkedIn
Telegram
WhatsApp
A Fed official states stablecoins could lower global interest rates, underscoring their growing macroeconomic influence on traditional finance by November