SHIB Crypto News: CoinMarketCap update frustrates Shiba Inu fans

To start cryptocurrency is not commonplace Twitter (NYSE:TWTR) war with one of its largest price tracking sites. But that’s exactly what’s happening this morning with pupcoin Shiba Inu (CCC:SHIB-USD) and the CoinMarketCap reference site. In fact, the cryptocurrency SHIB is chasing the headlines with the latest internet tiff today.

So what do you need to know about the Shiba Inu debacle today?

Well, on Thursday, January 13, Shiba Inu’s official Twitter made a statement challenging CoinMarketCap’s recent actions. SHIB accuses the website of knowingly citing three blatantly forged cryptocurrency contract addresses for Bep20 (CCC:SNM-USD), Solana (CCC:SOL-USD) in Terra (CCC:MOON-USD). It further stated that CoinMarketCap ignores the communication requirements and expressed its disappointment with the site.

Official statement regarding recent actions s @CoinMarketCap . pic.twitter.com/DXP2wZRhYC

– Shib (@Shibtoken) January 13, 2022

The @Shibtoken account followed with two more tweets explaining that “$ SHIB is just an ERC-20 token!” In addition, the bill demanded #ShibArmy to stay “calm and professional” while waiting for a solution.

CoinMarketCap responded publicly and denied the allegations. How will this last crypto conflict end?

SHIB Crypto has grown on CoinMarketCap Twitter Spat

CoinMarketCap refuted the harmful claims against them with its own explanatory tweet.

For the avoidance of doubt, the headlines are not malicious. There is a precedent to publish contract titles for wrapped assets, as this would ultimately simplify the user experience and facilitate interchain transactions.

– CoinMarketCap (@CoinMarketCap) January 14, 2022

In addition to the tweet, the page added a notice to the top of its own Page Shiba Inu. It says:

“Please note that non-ETH contract titles are on this page addresses of wormholeswhich are designed to facilitate inter-chain transactions of wrapped versions of this asset. “

CoinMarketCap’s defense is not without precedent. The practice of including wormhole addresses for wrapped versions of cryptocurrency is common.

Luckily for Shiba Inu, the crypto bull news doesn’t seem to bother him. The token has risen by more than 3% so far today, despite controversy. Whether the title complication will be a thorn in the side of the fifth SHIB or not remains to be seen.

At the date of publication, Shrey Dua did not have (directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author and are the subject of InvestorPlace.com Guidelines for publication.