Shiba Inu (SHIB) developers denounce recently released LEASH impersonator

July 18, 2023 02:53 AM AEST | By Invezz

Shiba Inu (SHIB) developers denounce recently released LEASH impersonator — Image source: Invezz

Shiba Inu team clears the air on LEASH impersonator

Shiba Inu team separated themselves from the launched UNLEASH token, warning their followers that the meme coin isn’t related to SHIB’s ecosystem. That comes as the cryptocurrency market sees increased themed assets.

Shiba Inu developers advised enthusiasts to remain cautious when interacting with digital assets claiming affiliation with SHIB. Traders can easily mistake Shibarium’s Doge Killer LEASH for the UNLEASH.

UNLEASH token’s website describes the altcoin as an open-source crypto offering AI tools, top-notch models, and high-end datasets. Nonetheless, it doesn’t claim any connection with Shibarium.

As invezz.com reported, the meme crypto market has witnessed an influx of new competitors. Scammers can capitalize on this craze to launch fraudulent projects.

Moreover, Shibarium continues to witness an impressive performance, with its beta surpassing new milestones.

Shibarium beta hits new milestone

Shiba Inu layer-2 Shibarium’s beta welcomes a new era for SHIB with a massive milestone. Puppyscan data shows Shibarium transactions have surpassed a crucial figure of 30 million, hovering at 30,315,269 at press time.

Also, wallet addresses have surged to 17,062,140, confirming heightened performance, with processed blocks increasing to 1,732,426.

Shiba Inu fans should be cautious as the meme coin gains more market attention as fraudsters benefit from such environments.

Shiba Inu price outlook

Cryptocurrency prices retreated today, with Bitcoin dropping 0.61% to press time levels of $30,194.39. Shiba Inu mimicked the broad trend, losing 2.21% over the past 24 hours to $0.000007846. Nevertheless, analysts believe the current price dip is momentary as the crypto industry awaits massive events that will catalyze upside momentum.

The post Shiba Inu (SHIB) developers denounce recently released LEASH impersonator appeared first on Invezz.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.