This customized wallet helps people store their SHIB tokens safely in an offline encrypted storage making it much harder for hackers to steal.
The wallet is being designed by Shiba Inu, Certik, and Huobi to work specifically with the Shiba Inu ecosystem. The collective efforts from the market leaders are ensuring that the wallet is not only secure but also easy to use for the community.
Many people who own digital currency use cold wallets to keep their money safe. These wallets are important because cyber attacks on digital currencies have recorded a steep hike recently. In the first part of 2023, criminals have stolen more than $320 million in digital currency.
Since 172 billion SHIBs were stolen from Bitrue, it's even more important for Shiba Inu investors to keep their currency safe. This Shiba cold wallet could become an essential tool for people who want to keep their money for a long time.
This new cold wallet will help Shiba Inu investors feel more confident in the safety of their money. It will also improve the safety of the whole Shiba Inu system. There are other upcoming projects, like Shibarium, ShibaSwap 2.0, and SHIB: The Metaverse that will also be helped by the improved safety of the cold wallet.
The partnership between Shiba Inu, Certik, and Huobi is still being worked out, so there's no date for when the wallet will be available for the users to use.
This decision from the Shiba Inu community could be another major push for its token after the recent Shibarium release. As the news surfaces the investors might push some more liquidity into the Shib ecosystem and contribute to its total market capitalization.
Also, read- CTFC Collects Record $3.4B Bitcoin Fine in Crypto Fraud Case
