Shiba Inu Developer Issues Warning About Calcium (CAL) Token
Shiba Inu developer Kaal Dhairya has warned investors not to engage in trading services with the memecoin Calcium (CAL). Despite quickly gaining a market capitalization of nearly $4 million, CAL’s price performance has been on a downtrend. Dhairya took to Twitter to remind users that CAL was created solely for the purpose of minting and renouncing BONE, and therefore it will not hold any future value. The developer emphasized that anyone selling CAL should be considered a scam. Shib Informer, another pseudonymous Twitter user, also issued a similar warning, stating that CAL is for internal use only and should not be traded.
The Latest Addition to the Memecoin Market
Calcium (CAL) is the newest memecoin introduced by the Shiba Inu team. It is considered a “dummy” token and aims to accelerate the development of BONE, the native asset of the ShibaSwap decentralized exchange. Memecoins have gained popularity in the crypto world, with Dogecoin (DOGE) being the first one introduced in 2013. If you’re interested in learning more about memecoins, their characteristics, and whether they are safe for investment, you can watch our dedicated video.
Hot Take: Beware of Calcium (CAL) Trading Services
Investors should exercise caution when it comes to trading services involving Calcium (CAL), the latest memecoin from Shiba Inu. The developer and other Twitter users have issued warnings about CAL’s lack of future value and its intended use for internal purposes only. With CAL’s price on a downward trend, it is crucial to avoid scams and refrain from trading this token. Stay informed and protect your investments by heeding the advice of experts in the crypto community.
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