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Please do not panic sell, or even panic buy SHIB at the moment.
This will be a short article, considering I just posted a few hours ago. HOWEVER, this is important, please take a minute or two to read on.
The official Shiba Token Twitter page has recently posted this:
Coin Market cap is having some technical issues and it’s affecting the overall circulating supply. Shiba Inu is currently listed as having 549 trillion tokens in circulation, but just yesterday (or the day before at least) it was sitting at just 394 trillion tokens in circulation. There are a couple of different theories going around, and a lot of FUD that is affecting the price of SHIB drastically. Please wait until the issue is resolved!
One of two things is going to happen:
Possibility #1: the circulating supply will revert back to its original value of 394 trillion. This means the bug will have been fixed, and the current price for SHIB we are seeing now, will increase from .00007180 to .00010152. If you don’t believe me, test the numbers yourself.
(Total market cap divided by circulating supply)
If this is the case, we will have officially dropped another zero, which is absolutely fantastic news.
Possibility #2: the original circulating supply was supposed to be this new number all along @ 549 trillion tokens and everyone who has participated in buying or selling is not actually getting what they were supposed to on either end of the trade. The price will have been higher than what it was supposed to be due to the smaller circulating supply, which means that the total amount of tokens you are buying or selling is not accurate, and you’re getting shorted some odd number of tokens every single purchase. This is really terrible news for the security and reliability of all platforms involved if this is the case.
Either way, I’m not a financial advisor, however I do not recommend trying to beat the system by buying now because the issue has certainly been brought to the attention of the devs of Shiba and Coin Market Cap (along with all of the other platforms they affect/influence like CoinBase, etc…)
Please do your own research, run your own numbers, I am just here to inform all of you to what experiences I have run into in the beginning of this massive new world I’ve stumbled upon that we call Crypto.
Have a great Friday everyone, and stay alert for more updates regarding this technical issue right here on PUBLISH0X or from the official verified Shiba Inu Token Twitter page I’ve linked below!
