It’s been a drama for a certain cryptocurrency over the past few days — Shiba Inu (SHIB) — with its popular community being part of a furious Twitter uproar. In fact, the SHIB community got into an online controversy with CoinMarketCap and, it didn’t hold back.
As everyone may know, SHIB incorporates only the Ethereum chain. However, the most visited crypto-related website has removed three fake SHIB contract addresses from its website, causing an uproar.
To make things worse, CMC allegedly ignored the original statements. However, now that the problem has become so widespread, the site wants to rebuild its bridges.
Clean the facility
The developers behind the popular meme token Shiba Inu (SHIB) grant a statement alleging that CoinMarketCap lists three fake SHIB contract addresses. They belong to the smart blockchains Binance (BNB), Solana (SOL) and Terra Luna (LUNA).
As the official SHIB representative reported, the aforementioned addresses are designed to sell Shiba Inu. However, the contracts listed on the tracker are fake. At least, that’s what CEO of SHIB declared. For the same reason, the network urged CMC to remove them.
CoinMarketCap, however, did not withhold its own response. It released a reply only a few hours then on Twitter. No wonder CMC says the opposite.
According to the latter’s response, the contract addresses listed on the page are deep hole addresses are designed to facilitate cross-chain transactions. The team at CoinMarketCap also invited the Shiba Inu team to reach out through “official channels” that link to the support page.
Pumpkin beef, let’s collaborate
Well, surprisingly, it was the site that contacted the developers of the coin meme in an attempt to resolve the recent issues regarding the “wormhole” address.
Community Update – We’re pleased to announce, @CoinMarketCap Contacted our dev team and are currently discussing our most recent issue regarding Wormhole contracts.
Please read our feedback.. pic.twitter.com/OBckJYNVkH
– Shib (@Shibtoken) January 19, 2022
In a convoluted Twitter thread, SHIB military executives warn its users in a read tweet,
“We are pleased to announce that CoinMarketCap has reached out to our developer team and is currently discussing this, our most recent incident involving Wormhole contracts, for verification purposes. that they are not from any malicious source.
Our in-house breeds are responding across multiple communication channels, to ensure that everyone is positively informed and directed. ”
Here it is worth noting that the addresses are still available on CoinMarketCap, at the time of writing. The network indicates that all their tokens are ERC20.
The source: Twitter
However, at the time of writing, SHIB is still bleeding. It was trading around the $0.000027 mark after a 1.2% price correction. Does the above episode help SHIB? Well, not really. However, that is only a short-term picture.