Shiba

Kusama

K9 Finance

Shiba Inu

Shiba Inu (SHIB) has made it to the top of the list of trending cryptocurrencies by adding massive gains. Recent on-chain data reveals a big increase in purchases of Shiba Inu tokens, surpassing $10 million within the past day. Tracking through blockchain explorers shows a transfer of 311.17 billion SHIB tokens to an unidentified wallet, carried out in two substantial transactions. Also, lead dev <a href="https://news.todayq.com/something-big-incoming-for-shiba-inu-shytoshi-kusama-shares-cryptic-clues/" target="_blank" rel="noopener noreferrer nofollow">Shytoshi Kusama</a> cautioned the SHIB community to be aware of scams involving the meme coin. The anonymous SHIB transactions 
It all started when an anonymous wallet received 288.639 billion SHIB, worth $9.1 million. It was closely followed by a more modest transfer of 22.531 billion SHIB, equivalent to $736,080, reportedly from Bitvavo.&nbsp;
Insights fromArkham Intelligence suggest a possible connection between these transactions and the European crypto platform Bitvavo. There is a possibility that these unknown wallets might also be connected to the platform mentioned above. 
There is special significance in the timing of these massive token movements, which occurred just before Shiba Inu’s price experienced a notable increase of 7.5%. In particular, this surge found support at the familiar level of $0.00003 per token, resulting in a valuation of $0.000034 for each token. As of press time, SHIB is exchanging hands at $0.00003532 with a 12% surge in the past 24 hours, as per reports.
Putting these events together sparks curiosity, prompting questions about Shiba Inu’s recent behavior. Adding to the SHIB ecosystem’s recent developments, this latest revelation only serves to heighten interest in the already top trending memecoin. Shytoshi Kusama warns the community 
But Shytoshi Kusama has warned the community to beware of scammers. Previously SHIB’s <a href="https://news.todayq.com/shiba-inus-billion-dollar-day-shib-beats-bnb-solana-and-xrp/" target="_blank" rel="noopener noreferrer nofollow">official account </a>issued a warning about scam links resembling theirs. “Beware of scams links below that seems like ours. Only click on links if you’re certain they’re safe. Double-check with shib.io and our official brand channels for verification” the post said.
Today Kusama personally took to Twitter spotting scams and making others in the community aware of such pitfalls. In a message to the SHIB community, Shytoshi Kusama warns them to beware of scams related to SHIB meme coins.
Great to work with the team to bring more power to Shibarium. Another win in this incredible month!
Kusama along with SHIB marketing expert Lucie, frequently share similar warnings on platforms like Twitter. This has given an abundance of opportunities to both investors and scammers.
In a recent instance, Kusama cautioned the community against falling prey to scams associated with the KNINE token. Launched by the newly announced Shibarium liquid staking partner, K9 Finance DAO. Additionally, Kusama mentioned a closer collaboration between the SHIB team and the team at K9 Finance.&nbsp;
There have also been reports about Shiba Inu’s plans to introduce a new privacy-focused network on top of the Shibarium blockchain. With Fully Homomorphic Encryption (FHE), developers can use untrusted data without decrypting it.
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Shiba Inu surge peaks curiosity, can SHIB maintain this speed?

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