The Shiba Inu team’s official marketing specialist, Lucie, has turned to the X/Twitter social media network to alert the SHIB community about a platform that has greatly aided the team on some of its most important initiatives.
Meanwhile, the price of Shiba Inus has shown a notable overnight decline.
Shoutout to WoofSwap from SHIB plus warning
WoofSwap has helped a lot with Shibarium and contributed to SHIB burns, according to Lucie’s tweet. She did not elaborate on whether this support was given temporarily during particular times when the team worked on Shibarium before to or following its introduction, or on WoofSwap’s role in burning Shiba Inu tokens.
She simply provided a link to the @woofswap Telegram channel and advised her Twitter followers to follow the company on the same medium.
https://x.com/LucieSHIB/status/1749075565036920986?s=20
Apart from that, Lucie urged the SHIB community to respect her warning and refrain from clicking on any links that were posted in the tweet’s comments area. She advised confirming the provenance of these tweets twice and advised against linking wallets to any dubious networks.
SHIB burn rate skyrockets, SHIB price drops
The Shibburn wallet tracking website has released statistics that demonstrates how the SHIB burn rate printed a gigantic spike of 1,299% in the previous day. With this remarkable increase, 56,601,159 SHIB were removed from the supply of these meme coins that were in circulation.
https://x.com/shibburn/status/1749341175503270184?s=20
More than half of all burned SHIB coins—30,462,825 SHIB—have been transferred to unspendable blockchain wallets by the greatest burn transaction. That was preceded by the second largest burn, which was 13,631,000 SHIB.
The same source claims that although 193,710,986 Shiba Inus have been adopted by the SHIB community in the last week, the weekly burn rate has decreased by 97.94% from the previous week.
In response, the price of SHIB experienced a significant drop of 8.51% during the previous day. Meanwhile, the second-largest cryptocurrency inspired by memes dropped from $0.00000985 to $0.00000912, where it is currently trading as of this writing, based on data from TradingView.
