Shiba Inu (SHIB) cryptocurrency surpasses 1.5 million holders

Dog-themed cryptocurrency Shiba Inu (SHIB) has marked a significant achievement, surpassing 1.5 million holders

Shiba Inu (SHIB) has crossed 1.5 million holders, according to the latest data from Etherscan. At press time, the latest count of SHIB holders stands at 1,500,742.

The dog-themed cryptocurrency is known for its massive community and has managed to retain interest despite market fluctuations. SHIB has also managed to outperform other major cryptocurrencies this year.

However, SHIB’s price remains influenced by broader market conditions, which remain influenced in the short term by macroeconomic factors.

At the time of writing, SHIB was marginally down 0.79% in the last 24 hours to $0.00001259 but up 2.59% weekly.

On Wednesday, the market anticipates the Federal Reserve's interest rate decision, which is scheduled for 2:00 p.m. ET, with traders pricing in a 99% likelihood that the Fed will hold interest rates steady.

Amid the current market uncertainty, Ali, a crypto analyst, highlights key Shiba Inu (SHIB) support levels at $0.0000115 and $0.00000815.

Crucial warning issued to Shiba Inu community

The Shiba Inu (SHIB) community has been alerted to a growing scam involving fake versions of the website ShibaSwap, the project's official decentralized exchange.

Susbarium, a Shiba Inu-focused X account dedicated to uncovering scams and protecting the SHIB community, has issued a warning, urging users to remain vigilant and avoid interacting with these fake platforms.

In a recent post, Susbarium cautioned that cybercriminals are creating counterfeit ShibaSwap sites with the aim of stealing user assets. In this light, Shiba Inu holders are urged to double-check the URL before accessing the platform or connecting their wallets. Susbarium went ahead to provide the official ShibaSwap site.

Susbarium offers some safety tips for users, including bookmarking the official ShibaSwap site for quick access. Also, they should never share their seed phrase or private keys and always verify links shared online or on forums.