You are here: Home / News / Shiba Inu reacts to CoinMarketCap issues

shiba inu

by

CoinMarketCap listed three fake Shiba Inu contract addresses on their website in a quite recent update. The SHIB token team took to Twitter to announce that the three contract addresses listed on CoinMarketCap, namely Binance Smart Chain, Solana, and Terra, are all fake and that interaction with these contracts must be avoided if not the user will be at risk of irreversibly losing their funds.

The SHIB token defense team expressed their disappointment in their tweet. Supposedly, the CoinMarketCap team had refused to communicate with the SHIB team concerning the updates on the token page. Allegedly, CoinMarketCap had willingly allowed these malignant troupe to deface the ‘dogecoin killer’ token. The meme coin team explicitly showed displeasure over the lack of professionalism rendered by the crypto asset price tracking website.

Wormhole addresses for Shiba Inu

In response to the squabble, CoinMarketCap interpreted that the contract addresses are indeed wormhole addresses for the SHIB. They explained that these addresses were used to aid cross-chain transactions of wrapped versions of the altcoin.

Please note that the non-ETH contract addresses on this page @shibtoken are wormhole addresses, which are designed to facilitate cross-chain transactions of wrapped versions of this assethttps://t.co/IhbNBJkwnf

— CoinMarketCap (@CoinMarketCap) January 14, 2022

At the moment, the reason for the listing of the alternative addresses is uncertain, but such delinquency is adversely harmful not only to the altcoin but the entire crypto society.

At the time of writing, the three wormhole addresses were still visible on CoinMarketCap, in the dropdown segment next to the SHIB token’s official ETH contract address.

Screenshot 7
Shiba Inu reacts to CoinMarketCap issues 3

Despite the warnings given by the Shiba Inu team, there seems to be an array of transactions on each of these fake contract addresses’ chains. This indicates that quite a few investors have already sent money to these addresses, which is alarming.

In a lighter perspective, Shiba Inu has risen as the most viewed cryptocurrency of the previous year, 2021, according to CoinMarketCap. It has been enumerated by the cryptocurrency price-tracking website that there have been more than 188 million views, for the meme token, over the last 12 months. The more astonishing fact happens to be, Bitcoin (BTC), the world’s largest and most sought-after cryptocurrency had only 145 million views at the same time, which makes it the second most viewed crypto asset.

Shiba Inu remains to be eminently frivolous despite its rising idolization among holders. At the time of writing, Shiba Inu was priced at $0.00003142 with a daily drop of 1.79%.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *