Contents
- Here’s why UNLEASH may be confused for a Shibarium token.
- Shibarium beta hits new benchmarks.
- SHIB burn progress is significant.
A new fraud coin purporting to be associated with the Shiba Inu ecosystem and its Layer 2 blockchain Shibarium has been noticed, according to the Shibarmy scams Alerts Twitter account (@susbarium). The tweet warns SHIB followers to avoid scam tokens and those that falsely claim to be affiliated with SHIB, claiming that the deployer of this token has no connection to the Shiba Inu development team.
🚨SHIBARMY WARNING:🚨
We have not created the token UNLEASH(UnleashClub) <= It was created by (Shiba Inu: Deployer 1 0xA221af4a429b734Abb1CC53Fbd0c1D0Fa47e1494) which has nothing to do with our SHIBA INU DEV TEAM
Keep safe.. pic.twitter.com/tMbjlRofHV
— Shibarmy Scam Alerts (@susbarium) July 17, 2023
Given this, it is possible to confuse UNLEASH for a Shibarium token. SHIB fans may be deceived by the similarity between the names of these tokens because Shibarium has a token with the name Doge Killer (LEASH). The UNLEASH meme coin has a website, which promotes it as an “open-source crypto squad that offers you the dankest AI tools, mind-bending models, and amazing datasets to push your crypto adventures to the next level.”
Basically, the website says nothing about Shibarium and its connection. Shibarium includes two additional meme coins in addition to SHIB and LEASH: BONE and TREAT. The leader of the SHIB developers, Shytoshi Kusama, who developed Shiba Inu under Ryoshi’s supervision and is currently working on Shibarium, gave a thorough description of how these tokens would work and what they would be used for.
The Shiba Inu community will be governed by SHIB, the technology upon which the community is built will be governed and supported by BONE, and community protection and exclusivity will be provided by LEASH, he replied. Finally, TREAT will govern and improve community-created projects on Shibarium.
Shibarium beta passes new benchmarks Shibarium’s beta version was made available on March 11 and since then has exceeded significant utility milestones in three key metrics: the volume of transactions processed, the number of wallet connections, and the volume of blocks produced on Puppynet, the beta blockchain.
According to the Puppyscan explorer, Puppynet has now achieved a major new milestone in regard to transactions made on Shibarium. 30,271,108 transactions have currently been made in total. There have been 1,729,522 blocks created overall, however, there are 17,062,135 associated wallet addresses.
Also Read: Shibarium PuppyNet Test: Boosting SHIB and Shibarium Gas Token Prices with Increased Network Activity
SHIB burn progress is significant The SHIB community has sold 91,668,357 Shiba Inu meme coins overall in the previous 24 hours, according to data provided by the Shibburn tracker. This represents an enormous increase from the previous day of 7,329.72%.
The two greatest burn transactions carried 48,855,841 SHIB and 13,946,912 SHIB 20 and 19 hours ago, respectively. They were created from a single wallet with the ending -e3bdc6. However, over the past seven days, the SHIB army transferred a total of 915,371,832 SHIB to dead-end wallets, lowering the amount of this meme token that was in circulation by almost one billion meme coins.