Shiba Inu Calcium Token Rises 232 Percent, Beware of the Drop!

Responding to increasing concerns in the Shiba Inu community, the meme token development team provided an important announcement and warning regarding the presence of the Calcium token.

The latest development shows that there are allegations from community members who still haven't heard the news were accidentally involved in trading Calcium tokens, and suffered losses.

This saga began when the Shiba Inu development team posted a blog on September 16. The post explains the complexities involved in formulating the ShibaSwap Bone (BONE) contract, the governance token of the ShibaSwap DEX and the gas token of Shibarium.

One of the development team named Kaal Dhairya also provided an important note, namely the Calcium token which he plans to use in the marketing and formulation process. However, Calcium is just a fake token with no real liquidity.

Calcium experiences a price spike, how come?

The Calcium (CAL) token, which was previously unknown on the market, suddenly experienced a surge of up to 7,400 percent after being abandoned by the Shiba Inu developer. The reason is, traders who are dissatisfied with the unfulfilled promises by the SHIB team have turned this “dummy” token into a serious project, where it pumps up the price and creates real demand.

This has pushed the price of CAL to US$ 0.03247 at the time of writing, which is a jump of more than 232 percent over time. Data from Etherscan.io also reveals that there are now nearly 4,200 unique wallet addresses holding Calcium.

However, these efforts actually sparked more interest in Calcium. In fact, this attention has resulted in the#CalciumArmyhashtag becoming popular on Twitter, with hundreds of users supporting CAL and sharing the belief that the token could “moon.”