Main navigation

SHIB Team Makes Major Einstein Warning: Details

Sat, 8/06/2024 - 8:54
SHIB Team Makes Major Einstein Warning: Details
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The Shiba Inu team’s social media expert, who is known within the community simply as Lucie, has issued a major statement to warn the SHIB army. While making this warning, Lucie cited the “world’s greatest mind” in science — Albert Einstein.

Lucie’s tweet recommends SHIB fans and Shibarium developers to “stay away from negative people. They have a problem to every solution.”

Recently, SHIB’s marketing lead Lucie and other team members have been frequently publishing various important warnings to the Shiba Inu global community. Those statements mainly chased 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 nascent and inexperienced investors.


SHIB burn rate's sharp drop

According to data shared by the Shibburn analytics platform, over the last 24 hours, the SHIB community’s efforts on decreasing the circulating Shiba Inu supply have seen a sharp drop.

The data revealed by the platform shows that since last morning, the SHIB burn rate has seen a decline of 18.78%. Still, despite this negative reading, a total of 8,748,598 SHIB meme coins has been burned, i.e., transferred to unspendable blockchain wallets and locked there for good.

SHIB price negative performance

On Friday, June 8, the second largest meme cryptocurrency by market capitalization size, SHIB, faced a sharp price decline of close to 8.4% printed by three consecutive red candles on the hourly chart.

This price drop followed similar negative price action of the world’s largest cryptocurrency Bitcoin as it plummeted by 3.7%, dropping from above the $71,650 level to the $69,030 zone. This BTC plunge was likely provoked by the poor GameStop earnings in the first quarter and the 39% GME price drop that followed. Besides, BTC was pushed down by the disappointing U.S. government’s employment report. At the time of this writing, Bitcoin is changing hands near the $69,350 level.


Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles