SHIB (Shiba Inu) up 5.40% in the last 24 hours

Gate News Bot Message, January 4th, according to CoinMarketCap data, as of press time, SHIB (Shiba Inu) is trading at $0.0000084521, up 5.40% in the past 24 hours, reaching a high of $0.0000084909 and a low of $0.0000068327, with a 24-hour trading volume of $140 million. The current market capitalization is approximately $4.98 billion, an increase of $255 million from yesterday.

Important recent news about SHIB:

1️⃣ “Shib Owes You” Compensation Plan Officially Launched to Resolve Historical Issues

The Shiba Inu team announced a compensation plan called “Shib Owes You” (SOU), aimed at systematically resolving user losses from the previous Plasma Bridge hack incident. The plan converts victim claims into traceable and transferable NFTs via on-chain smart contracts, providing an institutionalized solution path for long-standing compensation disputes. This move signifies the project’s formal commitment and institutional response to historical risks, helping to improve community trust.

2️⃣ Multi-layer Compensation Mechanism Ensures Transparent Implementation

The SOU plan establishes a comprehensive ecosystem revenue distribution mechanism, requiring all projects using the Shiba Inu brand to allocate part of their income into the compensation fund pool. Affected users receive NFTs that are transferable, divisible, and mergeable, satisfying long-term holders’ full compensation expectations and providing victims needing liquidity with an early exit market. Meanwhile, the project has stopped or shut down projects without stable cash flow, focusing resources on compensation, demonstrating clear prioritization.

3️⃣ Security Verified by Third Parties and Infrastructure Upgrades

The smart contracts related to SOU have passed a full security audit by Hexens, covering core functions such as NFT minting, transfer, splitting, and merging. The Plasma Bridge has been repaired and introduced new security measures including a seven-day withdrawal delay, with core contracts migrated to hardware custody systems. These measures strengthen the project’s security awareness, reduce future risk expectations, and boost investor confidence.

This message is not investment advice. Please be aware of market volatility risks.