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CryptoXTimes > Article > News > Shiba Inu Faces Market Drop, Lucie Warns
NewsCrypto

Shiba Inu Faces Market Drop, Lucie Warns

Shiba Inu drops; Lucie advises caution, DYOR.

Rubab Fatima
Last updated: August 28, 2024 1:43 pm
Rubab Fatima 10 months ago
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Shiba Inu Records 367% Burn Rate Surge Amid Market Challenges

Lucie, pretending to be their marketing director, sent the Shiba Inu (SHIB) group, also called the “SHIB army,” an important warning. 

As the prices of meme coins and other digital assets dropped sharply, Lucie told the SHIB community around the world to be very careful and careful when dealing with them.

Overnight, SHIB fell sharply by 7.63%. This followed a general market drop that started with Bitcoin (BTC) falling below $59,000 by 5.56%. For investors and coin fans alike, the drop from $0.00001479 to $0.00001366 was scary. According to market value, Shiba Inu is the 13th largest cryptocurrency.

Shiba Inu Caution

ย “Doing your own research” (DYOR) is essential before making any investment choices. Lucie, speaking for the SHIB developer team, gave the SHIB army a “friendly reminder” of this. She said that even though memes and meme coins are fun, people need to be careful because the crypto market is so uncertain.

Lucie warned, “In the wild world of crypto, no oneโ€™s really your friend.” She told the group, “Keep your wits sharp and your boots ready for anything.” A lot of people understood what she was saying, especially since meme coins are still appealing to both new and experienced buyers.

Howdy, Shibarmy! ๐Ÿค 

Just a friendly reminder: while these memes are all in good fun, don't forget to **DYOR**โ€”do your own research!

Remember, in the wild world of crypto, no oneโ€™s really your friend.

So, keep your wits sharp and your boots ready for anything! pic.twitter.com/Aae653KWow

— ๐‹๐”๐‚๐ˆ๐„ (@LucieSHIB) August 28, 2024


Lucie recently tweeted her admiration for the advancements in artificial intelligence (AI), particularly its impact on creative fields. She talked about how AI has made creation more accessible by allowing anyone to make pictures and designs without the need for professional programs like Photoshop. 

Thanks to AI, there are no limits to your creativity. If you'd like to contribute, join our SHIBARMY community of active supporters by sharing your artwork and blogs with us.

Do you remember @ShytoshiKusama pfp from 2021 โ˜บ๏ธ pic.twitter.com/tWfGM3Oeg7

— ๐‹๐”๐‚๐ˆ๐„ (@LucieSHIB) August 27, 2024

To make her point, Lucie showed a 2021 profile picture of Shytoshi Kusama, the mystery head of Shiba Inu. For now, no one knows Shytoshi’s real name. He has become an important member of the SHIB society. He has been to a lot of significant blockchain events this year, but no one knows who he is. He has been to places in Kyoto, Japan, and Mumbai, India.

A major UAE news outlet gave Shytoshi a rare video interview. He wore a mask and said he didn’t want to give out his real name. He said that SHIB’s success is due to everyone’s work, and he thanked both the production team and the community.

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TAGGED: Crypto, Cryptocurrencies, SHIB
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