- Shiba Inu (SHIB) regained AAA security audit rating.
- SHIB Token’s Discord was paused due to conflicts.
- SHIB slipped by 3.6% in the last 24 hours.
Shiba Inu (SHIB) returned to the top-notch list on CertiK. Previously, the blockchain security audit company relegated Shiba Inu to AA, a second-tier security ranking. Today, its security rating reached 94 out of 100, restoring the initial status.
The security audit firm held an Ask-Me-Anything (AMA) on Twitter Spaces to answer the questions from the community. The AMA covered the most talked-about topics regarding Shiba Inu, including the upcoming Shibarium L2 mainnet, tokenomics, and how the security rating is calculated.
SHIB Drops to 3-Month Low Amid Welly’s Controversy
In other related news, SHIB Token’s official Discord was halted yesterday due to conflicts inside the community. Shiba Inu’s fast food chain Welly’s Burger sent 37 Ethereum (ETH) to the SHIB Army, but the funds were intercepted by Trophias, a well-known controversial member of the SHIB Defense Breed.
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Indeed, the long-standing conflicts didn’t bode well for Shiba Inu’s market price, as the canine coin continues to trade in the consolidation phase. On top of that, the on-chain signals turned completely bearish, according to blockchain analytics firm IntoTheBlock. Large transactions have dropped by 6.5%, while the bid-ask volume imbalance has fallen by 118%.
Ultimately, the Discord clash between Shiba Inu community members and the token’s freshly reached three-month low coincide with a time when altcoins are not in the best position to lose community interest. At press time, SHIB is changing hands at $0.00000848, having fully retracted last weekend’s bull run, briefly claiming $0.00000888 on Sunday morning.
On the Flipside
- While the altercations between community members didn’t align with the $SHIB market price, the community shattered the yearly record with the most burns.
- Blaze Token, an emerging community contributor, splashed 3.6 billion Shiba Inu in one transaction, accelerating SHIB’s Daily Burn rate by 1,516%.
Why This Matters
Cryptocurrency security audits are important to establish the coin’s prospects as a long-term investment.
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