The Shiba Inu cryptocurrency’s AAA security status was downgraded a week ago. However, as per reports, the security status has been restored. According to CertiK, a blockchain audit company, SHIB has received a security rating of 94.05 on its security scale.
Ralph Le Sueur, a crypto investor, shared the AAA rating of Shib in the Twitter thread:
$Shib is a AAA ! For more details https://t.co/PvJvKn0fvu pic.twitter.com/TYpI81XZWH
— Ralph Le Sueur (@RalphLesueur) May 30, 2023
On May 22, CertiK lowered Shiba Inu’s security rating to AA and moved it down to the 51st position on their table. This downgrade came after SHIB experienced a considerable decrease in value and fell to the 57th position earlier in May.
The blockchain auditor has reinstated SHIB to the list of AAA projects, with the meme-inspired cryptocurrency currently occupying the 91st spot. The security score has reached a total of 94.05.
In a recent update on CertiK’s website, it has been reported that the Shiba Inu team has successfully resolved a total of 8 major issues, 11 minor issues, and 14 informational ones, as stated on the SHIB’s page. The operational resilience score of SHIB has reached an impressive 92.59, and the community trust score has an impressive 92.53.
According to data from the Shibburn wallet tracking service, SHIB army fans burnt 3,616,412,304 SHIB over the past 24 hours, removing more than three billion coins from circulation.
The burn rate of Shiba Inu has surged by over 1,500%. A substantial amount of SHIB has been burned in a series of five significant transactions. It has been reported that a staggering 3,601,495,249 has been transferred to a SHIB address that has reached a dead-end. This transfer is believed to be the largest one recorded so far.
