Shiba Inu’s price has shown a trend of consolidation in the past month, with intermittent spikes above the established range, particularly around mid-August. This pattern may indicate a bearish outlook for SHIB price in the future. However, the recent development regarding over $90,000 in donations to Shiba Inu by Welly going missing has raised significant concerns within the community. This incident has sparked discussions about the transparency and decentralized nature of the Shibarium chain, highlighting the importance of trust and security in the crypto industry. It serves as a reminder for investors and users to remain vigilant and to prioritize due diligence when participating in the crypto and NFT space.
