- The developers behind Shiba Inu published a statement claiming that CoinMarketCap has listed three unsafe and fake addresses on the $SHIB token page.
- The team behind Shiba Inu contacted the cryptocurrency price tracking platform, but it had refused to communicate about the updates on its token page.
- The project lead retweeted a user’s tweet, saying that if CoinMarketCap wishes to allow scammers to list unsafe addresses on their token page, it would be better to delist the token.
On Thursday, a small drama was initiated on Twitter which was then continued on Friday afternoon, after the developers of meme-based cryptocurrency, Shiba Inu ($SHIB), published a statement which claimed that CoinMarketCap, a cryptocurrency price tracking platform, listed three fake contract addresses of $SHIB that belong to three different blockchains, namely, Solana (SOL), Binance Smart Chain (BNB), and Terra Luna (LUNA). As per the developers of Shiba Inu, the addresses listed by CoinMarketCap are not safe for anyone and have warned its community members not to interact with them at all.
A tweet from Shiba Inu’s official Twitter handle was released on 14 January, in which they said that CoinMarketCap listed these unsafe addresses “knowingly,” and all of them are not valid. They further warned their users that no one should use these addresses to make any purchases or the funds would be lost forever, and it would be irreversible at any cost.
$SHIB Team Disappointed By CoinMarketCap
Also, the team behind Shiba Inu had contacted CoinMarketCap, but they refused to communicate with the team about the $SHIB page’s updates. The team also claimed that the platform has allowed bad actors to influence their listing. Also, the team behind $SHIB is extremely disappointed by the platform’s lack of professionalism, and they are constantly contacting the platform to resolve this issue.
CoinMarketCap’s Response
To this, CoinMarketCap responded by saying that the addresses listed by the platform on the token page are wormhole addresses that are designed to feature cross-chain transactions. The cryptocurrency price tracking platform made a series of tweets in which it claimed that these are wormhole addresses, a declaration has been featured on the token page to make the role of these addresses very clear. The platform then said that to clarify this, these addresses aren’t unsafe, and they have precedent for listing these addresses for wrapped assets which would only serve cross-chain transactions and make the user experience smoother. At last, the platform claimed that the team behind Shiba Inu hasn’t gone through official ways to contact them, and it had reached out to the team to give a greater clarification.
Shiba Inu’s volunteered project lead, Shytoshi Kusama, did not say anything concerning the issue, however, he did retweet a post of a user, which was for CoinMarketCap, claiming that if the platform plans to let scammers list fake contracts on their token page, it would be better if they delist $SHIB token, which would prevent them from joining scams. The tweet further said that the CoinMarketCap had ignored them for a long time now, and where is your professionalism?
$SHIB Statistics
The $SHIB token is popular for its remarkable gains over the past year and for its keen investors & believers. The $SHIB token has an all-time high of $0.00008845 and an average trading price of $0.00002911 over the past seven days. The token is currently trading at $0.00003089 (at the time of writing) after facing a downtrend of 3.59% in the past 24 hours.
It is worth noting that the addresses are still listed at the time of writing.