Shiba Inu is a digital money, like Bitcoin. It's called a meme coin because it has a picture of a dog on it and people find it funny. The Shiba Inu team made something called Shibarium which lets you use this digital money for different things online. Right now, many people are moving their Shiba Inu coins from one place to another using an app called an exchange. This makes the value of Shiba Inu go up and down. Some people who have a lot of these coins can also burn them, which means they send them to a special place where they cannot be used anymore. This can make the coin more rare and valuable. People are excited because there might be some good news coming soon about Shiba Inu. Read from source...
1. The article title is misleading and sensationalized, as it implies that Shiba Inu TVL peaked at $2.25 million due to the movement of 2 trillion SHIB tokens between exchange's hot wallets, without acknowledging other factors such as network fees, faster transactions, and the potential impact of a big announcement coming soon.
2. The article uses outdated data from IntoTheBlock, which reported Shiba Inu developer burned 211.5 million tokens in the past 24 hours, when in reality, it was a single transaction burning only 21.15 million tokens according to SHIB's official Twitter account. This shows a lack of fact-checking and verification by the author or editor.
3. The article compares Shiba Inu developers with Floki developers, without providing any context or comparison criteria, making it irrelevant and confusing for the readers who are not familiar with both projects. Additionally, the author claims that Shiba Inu developers do not have one trillion tokens to burn, while failing to mention that they already burned over 41% of their total supply in July 2021, reducing it from 1 quadrillion to 540 billion tokens.
4. The article mentions SHIB WOOF's tweet about a big announcement coming soon, but does not provide any details or sources, creating false expectations and speculation among the readers who may follow the crypto trader. A responsible journalist would either confirm or deny the credibility of such claims with evidence or official statements from SHIB's team or community.
5. The article ends with a price prediction based on Bitcoin's correlation, without explaining how this metric is used or why it is relevant for Shiba Inu, which has its own unique features, use cases, and community. A more informed and nuanced analysis would consider other factors such as the upcoming SHIB: The Metaverse project, the recent acquisition of a prime plot in the Sandbox virtual world, and the potential impact of any regulatory or market changes on the meme coin's performance.