Shiba Inu Investors Flee to Bitnance After DAO Scandal

Following the theft of $100k at the Shiba Inu DAO, new token, BTN on the Binance Smart Chain is where investors are heading. A notable concern worth mentioning is that the recent troubles associated with the token such as its large supply and security concerns have harmed the confidence.

On the other hand, there are scarce and limited means available and recognized such as Bitnance with only 10.5 million tokens, is attracting SHIB holders. As SHIB struggles with internal and market problems, the preference for stability and value makes it a much more appealing option. The presale is picking up pace pretty quickly for Bitnance, which can be considered a rather sound means of value.

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Deepshova

Deepshove is a crypto journalist at Bitmala, covering blockchain and cryptocurrency news with a focus on web3 trends and developments.
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