Shibarmy issues crucial alert as Shiba Inu closes March with substantial gains

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on Mar 31, 2024

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Shibarmy issues crucial alert as Shiba Inu closes March with substantial gains

SHIB price rallied by over 125% over the previous month.
Fraudsters are using paid promotions to pose as legit Shiba Inu-linked investments.
The team has urged enthusiasts to verify any information using the official website.

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Memecoin Shiba Inu (SHIB) has gained prominence in the crypto market over the last few years.

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However, impressive growth comes with risks, and the X handle associated with protecting the SHIB community against scammers has issued a vital alert.

Beware of Scams in Paid Promotions

Stay alert: Scammers are using paid promotions in articles, especially on platforms like Yahoo, posing as legitimate investments.
Many falsely claim to be related to Shiba ecosystem . Always verify information through the official website… pic.twitter.com/TQr2N9Jz9c
— Shibarmy Scam Alerts (@susbarium) March 31, 2024

Shibarmy Scam Alerts has urged SHIB holders to beware of fraudsters using paid promotions.

Memecoins enthusiasts should exercise due diligence as scammers target news platforms such as Yahoo with fake articles advertising projects claiming to be linked with the Shiba Inu blockchain.

Therefore, enthusiasts should validate the legitimacy of any advertised project before engaging. They can use Shiba Inu’s official website for verification.

SHIB ends March with notable gains

Shiba Inu traded at $0.00003034 at press time, gaining 0.77% over the last day. It jumped over 125% in the past month as amid retailer-propelled momentum.

While enthusiasts look for what the alt will have in the upcoming sessions after March gains, investors should beware of the fraudsters using legit platforms.