The Shiba Inu team has issued a fresh security warning for crypto holders. The message came from SHIB’s marketing lead, known as Lucie, who shared two basic recommendations aimed at keeping user funds secure.
In a post shared on X, Lucie urged the community to store their assets in cold wallets, which remain offline and are less vulnerable to online attacks. She also stressed that even with cold storage, users should be cautious.
“BLOCKCHAIN – COLD WALLET — SAFETY,” Lucie wrote.
She added that users must “act responsibly” to avoid loss, suggesting that personal behavior remains a key factor in asset protection.
Layer-3 Blockchain Coming to SHIB Ecosystem
In a follow-up post, Lucie confirmed that the Shiba Inu team is working on its upcoming layer-3 solution. According to her, the new blockchain layer is expected to play a role in SHIB’s decentralized finance (DeFi) expansion.
Lucie stated that DeFi offers a path to financial independence and said this would not be found on centralized exchanges. She noted, “It’s about being 100% free from centralized control,” and emphasized that the SHIB team believes in long-term utility over short-term exchange activity. Development of this new layer is ongoing, with a previous funding round led by Shytoshi Kusama raising $12 million to support the project.
SHIB Exchange Reserves See Sharp Decline
A recent analysis by AltcoinBeacon, citing on-chain data from CryptoQuant, reported a steep drop in SHIB reserves held across exchanges. In January 2025, total reserves stood at 135.68 trillion SHIB. That figure has since fallen to 96.6 trillion SHIB—an all-time low.
This trend shows a consistent reduction over the past year. In February 2024, reserves were recorded at 165 trillion SHIB. The ongoing decline appears to align with a broader drop in the token’s price during the same period. The lowered reserve levels suggest that many holders are choosing to move SHIB off exchanges, possibly into cold wallets as advised by the SHIB team.
Moreover, according to a post by Shibburn, the SHIB burn rate has spiked by 495.55% over the past 24 hours. A total of 14,052,230 SHIB was permanently removed from circulation through four transactions.
The largest of those burns accounted for 13,209,679 SHIB, which was sent to an unspendable wallet. The purpose of SHIB burns is to reduce overall supply, which some community members believe could help price performance over time. However, no official comment was made regarding the relationship between this burn and the recent exchange reserve drop.
