Shytoshi Kusama, the founder of Shiba Inu (SHIB), cautions the community about potential scams in the ecosystem. Meanwhile, Kusama and Shiba Inu lead developer Kaal Dhairya have become advisors to K9 Finance, strengthening ties between the projects.
This advisory role is directly linked to the launch of the KNINE token on Shibarium, the layer-2 solution for the SHIB ecosystem. Kusama has rightfully emphasized the need for urgency and watchfulness in the community as they navigate through the emerging trends in the highly dynamic and changing cryptocurrency ecosystem.
Meanwhile, addressing community concerns about slow burns, Lucie referenced a message by SHIB’s mysterious founder Ryoshi, who advised those dissatisfied with the burn rate to initiate burns themselves.
According to Shibburn, within the last 24 hours, the community has transferred 48,209,535 SHIB coins out of circulation, with 42,466,919 SHIB being the largest chunk burned.
Also Read: SHIB Prices Plunge 50% on Coinbase Amid Bitcoin-Led Selloff
