Lead developer Shytoshi Kusama of Shiba Inu addressed concerns regarding fraudulent statements associated with billion-dollar SHIB wallets. Kusama urged market participants to verify information and proposed a method for verifying wallet ownership. This sparked debate in the crypto community and boosted the price of SHIB by 2%. Reports also indicated a surge in SHIB burn activity, creating bullish sentiment around the token. SHIB futures open interest and derivatives volume also saw increases, indicating growing investor interest in the Shiba Inu ecosystem.



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