Shiba Inu Token: You Have To Be Kidding Me! He’s Back Again With The Tweets! Elon Musk X MemesTia Price
The Shiba Inu Token has made waves lately, with its supporters declaring that it’s an act of genius. In a recent video posted on Twitter, CEO of major crypto exchange Uphold lauded the Shiba community, warning people against fraudulent activity, including giveaway videos and sharing wallet addresses. In addition, some users reported suspicious Telegram activity. While this might seem inconsequential, the fact is that many scammers are using fictitious accounts to steal money from innocent investors.
The Shiba Inu began with a circulating supply of one quadrillion tokens. In November 2021, the tokens traded for a penny, with 200 coins equaling one cent. By November 2021, the tokens were worth over $26 billion and had a circulating supply of over 549 trillion. However, Viltik Buterin recently burned almost 40 percent of the circulating supply, which means most of the coin’s value is lost forever. Today, the coin is listed on exchanges such as Binance and trades as SHIB.
The Shiba Inu Token uses a decentralized computer network to ensure the security of its users. Because the Ethereum network is widely used and secure, it was a perfect fit for the project. Because of the safety and functionality of the Ethereum blockchain, the Shiba Inu has a huge potential for adoption. Therefore, the Shiba Inu Token is not just an asset but a utility.