Shiba, the title of dogs, is facing selling pressure alongside the rest of the encryption market, with a decrease in its price in the past 24 hours.
At the time of writing this report, Shaiba Eno was in red amid an extended sale since last week. SHIB has currently decreased by 1.53 % in the past 24 hours to 0.00001262 dollars, according to CoinmarketcapAnd it is on the right path for the fourth day of decline since levels are higher than 0.00001567 dollars on March 26.
Higher currencies fell to their lowest levels in at least a week, as stock markets were caught due to total economic concerns. The sales process continued throughout the weekend after the hotter inflation data expected on Friday.
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It is also possible that achieving profits will contribute to lower prices after Shaiba Ino has increased for five consecutive days between 22 and 26 March. The recent SHIB movement has cut the weekly gains, as Shayb has decreased by 2.42 % in the past seven days.
Crossed Sadr warning
A decisive warning was issued to the Shiba Inu community regarding the hunting campaign targeting encryption users.
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SosbiumThe X account, which focuses on the Shiba Inu dedicated to detecting fraud and community protection, stated that it has been alerted to a fraud in which the fraudsters deceive false messages for users about the suspicious account activity.
Susbarium offered an example of this: the user receives a message claiming to be from Binance, and informed that a new device was recorded. The message requests the victim to call the number “to secure” their account.
Susbarium stated that this was an attempt to hunt designed to steal personal data and encryption assets and urge users not to contact or share information.
As a preventive measure, Susbarium urges the Shiba Inu community to ignore and delete suspicious messages or calls, report fraud to local authorities or monitor fraud, and spread awareness to help others avoid the victim’s fall. Finally, they should only communicate with official channels to avoid fraud.
