Should the SHIB Community Stay Vigilant Dealing with New Projects?

Here we have explained everything about the SHIB community staying vigilant in new projects

For the second day in a row, Shiba Inu Community was able to dispose of more than 1 billion SHIB. According to data from Shibburn.com, the Shiba Inu Community has permanently taken out of circulation 1,350,604,128 (1.35B) through 100 different transactions over the course of the last 24 hours.

The burning frenzy started around 13 hours ago, right after MARSWAP (MSWAP), a new token, was introduced on ShibaSwap DEX. To combat the enormous supply of SHIB, MSWAP has introduced a 1% levy on all purchase and sell transactions. The native token of the soon-to-be-released MARSWAP DEX, a trading platform that will run on the eagerly anticipated Shibarium Network, is called MSWAP.

The Shiba Inu Community has now successfully finished burning more than 1 billion SHIB tokens every day for the second day in a row. According to The Crypto Basic, the Shiba Inu Community was able to dispose of 1,250,952,903 (1.24B) SHIB on May 23rd through three different transactions. Blaze Token burned a record 1,248,961,893 (1.23B) SHIB in a single transaction.

Users should keep in mind that the Shiba Inu team is unrelated to Blzae and MARSWAP. These developments are very new and are spending billions of SHIB to draw in the neighborhood. When dealing with these new initiatives, the SHIB community must exercise caution and conduct a careful investigation.

In other news, the 19th largest SHIB Whale increased her holdings through three distinct purchases, adding a staggering 131,281,425,827 (121.27B) SHIB, valued at US$1,093,261 (US$1.07M). Shiba Inu is trading at $0.000009642 as of the time of this writing, down -3.05% from the previous day, with a 24-hour volume of $126,993,163 (US$126.99M).