Shiba Inu CoinMarketCap Finally Takes Down Fake Contract Addresses: What Happened?
The Shiba Inu community is breathing a sigh of relief! Crypto price tracking website CoinMarketCap (CMC) has finally removed three fake contract addresses it had previously listed under Shiba Inu (SHIB/USD). This follows intense pressure and confusion surrounding the validity of these addresses.
The Issue: Fake Addresses on CoinMarketCap
For a while, CoinMarketCap listed three wormholes Shibu Inu contract addresses on their official platform in a recent update. These addresses, however, were not the official Shiba Inu contract addresses, causing concern among investors. The drama on Twitter happened after the developers of Shiba Inu stated that three fake contract addresses for the meme token were issued. These fake addresses led to potential scams and misdirection within the community.
Which Addresses Were Removed?
Late Wednesday, Twitter user @shibainuart reported that CoinMarketCap had removed three listed Shiba Inu addresses on the Binance Smart Chain, Solana, and Terra. The three addresses belonged Las direcciones de SOL, BNB y LUNA del token SHIB desaparecieron silenciosamente de la página de CoinMarketCap. The removal addressed concerns about the legitimacy of these alternative chains for SHIB trading.
CoinMarketCap's Explanation
In its statement, CoinMarketCap stated that the contract addresses listed on the platform were actually wormhole addresses created to make cross-chain transactions easier. While intended to facilitate seamless transfers across different blockchains, their presence on the main Shiba Inu page caused significant confusion.
Why This Matters
The removal of these fake contract addresses is a significant victory for the Shiba Inu community. It demonstrates the importance of verifying information and relying on official sources for contract addresses. It also highlights the power of community pressure in holding platforms accountable. The community's vigilance helped ensure the integrity of the Shiba Inu token and protects investors from potential scams.