Traders warned about fake Solana pools and SHIB reserve increases

Traders have been issued a warning about fake liquidity pools on the Solana blockchain. To ensure safe trading, users are advised to only engage with the verified contract address shib5gSoVKPjwkXrxRk7SbQFzb2R9rQB3TgQWYX4RwW when trading Shiba Inu (SHIB) against the U.S. dollar (SHIB/USD).

Meanwhile, exchanges have reported significant inflows and outflows of SHIB. Over a recent period, exchanges saw approximately 551.8 billion SHIB inflows compared to 453.4 billion outflows. This activity resulted in a 0.11% increase in SHIB reserves, while the dollar value of these reserves rose by 4.85%. Despite these movements, reports indicate that SHIB has not yet entered a clear phase of accumulation.