According to CryptoPotato, Shibarium's marketing strategist, known by the handle LUCIE, has issued a warning to the Shiba Inu community about potential fraud and advised caution when encountering suspicious links offering unexpected rewards. LUCIE stated that these links likely come from hacked accounts and urged people to avoid connecting their wallets to dubious websites. In a previous warning, LUCIE cautioned the community about potential scams related to SHEboshi NFTs.
Shiba Inu is a popular cryptocurrency with a volatile price and a large number of holders, making it a frequent target for scammers. Currently, SHIB is trading at approximately $0.0000321, representing an 18% increase on a weekly scale. This rise can be attributed to the successful execution of the token burning mechanism and the advancement of the layer-2 blockchain solution Shibarium. The burn rate has increased by 1,200%, resulting in over 50 million tokens being destroyed. Additionally, Shibarium reached a significant milestone at the beginning of March, surpassing 400 million total transactions.