Shiba Inu Is No Longer on Certik’s AAA List

Sahana Kiran
Shiba Inu
Source – Unsplash

The introduction of numerous meme coins in recent months has raised doubts about the credibility of established cryptocurrencies. The Shiba Inu [SHIB] community, in particular, became increasingly war as the price of the asset remained stagnant and significant developments were still awaiting release. Adding to their concerns, Certik, a well-known blockchain security firm, dropped SHIB from its list of top-rated crypto assets, known as the AAA list.

In October 2022, Shiba Inu was rated as the second most secure crypto asset by Certik. However, the current ranking of SHIB on the platform has significantly declined, with the asset positioned at the 51st rank. At one point earlier this month, SHIB even dropped as low as the 57th rank. Presently, SHIB holds a security score of 93.67, placing it on the second page of the list under the AA category. This omission from Certik’s list further intensified the skepticism surrounding SHIB’s legitimacy and raised questions about its security and reliability in the eyes of the community.

Members of the network weren’t very happy with this change. A community member who goes by SHIB BPP tweeted about the same.

In the comment section, several were seen calling out the SHIB network for “playing with their investments.” A few others went on to claim that the meme coin was dead. In addition, Shytoshi Kusama, the lead developer of the network was dragged in. One Twitter user said,

“I’ve said many times in the community that $SHIB will crash because of Shytoshi and now I’m getting closer and closer to that. so pitiful. LOL”

Shiba Inu records upswing amidst market downtrend

It looks like the asset was already acknowledging the woes of the community as it began rising. Unlike the rest of the market, SHIB was moving upwards. The meme coin, at press time, was trading for $0.000008767. This was possible due to the 1.55% surge the asset witnessed over the last 24 hours.