Shiba Inu Lead Dev Sends Critical Warning to SHIB Army Ahead of this Major Launch

The Shiba Inu ecosystem’s lead developer, Shytoshi Kusama, has refuted claims that the highly anticipated TREAT governance token is already available in the market.

The official launch of TREAT is scheduled for January 14, but misinformation about its release has been spreading, prompting Kusama to issue a warning to the community.

TREAT Launch and False Claims

The TREAT token, an important addition to the Shiba Inu ecosystem, is set to bring enhanced decentralization and utility. According to official statements, the token will debut on January 14, 2025. Despite this, misleading information has surfaced, alleging that TREAT has been available for nearly two years.

On Sunday, a user known as CryptoMumms promoted what they claimed to be the “real” TREAT token, asserting that it had been stealth-launched on January 14, 2023.

In blockchain terms, a stealth launch occurs when a token is released without prior marketing or public announcement. This misinformation coincides with the ecosystem’s official announcement of the upcoming launch date, sparking confusion among community members.

Shytoshi Kusama Responds to Misinformation

In response, Kusama directly addressed the false claims. He made it clear that the token had not been launched. The developer dismissed CryptoMumms’ assertions and warned the community to remain cautious.

The fake token being marketed as TREAT is reportedly trading on ShibaSwap with the wallet contract address “0xFBD…146B.” Data from DEXTools shows the counterfeit token priced at $0.001549 with a market capitalization of $3.11 million.

Kusama emphasized that these claims are baseless and urged Shiba Inu supporters to avoid engaging with or investing in the fraudulent token. The team continues to monitor the situation and has reiterated the official launch date for TREAT.

Importance of TREAT in the Shiba Inu Ecosystem

The token is expected to play a key role in the Shiba Inu ecosystem, offering governance functionality, rewards, and practical utility. Its introduction is anticipated to strengthen the project’s decentralization efforts and provide additional benefits to the community.

The excitement around the TREAT launch has contributed to positive momentum for SHIB, the ecosystem’s native token. Last week, SHIB saw a 12% increase, recovering from a minor dip in late December. As of now, SHIB is trading at $0.00002403, reflecting a slight growth of 0.04% in the last 24 hours.

Community Advisory

As the launch date approaches, Kusama and the team continue to urge caution within the community. Investors and supporters are advised to rely on official channels for updates and avoid any token claiming to be TREAT before its confirmed release. The team remains committed to protecting the ecosystem and ensuring transparency around the token’s rollout.

The official debut of the token is expected to mark a significant milestone for the Shiba Inu ecosystem, further solidifying its position in the cryptocurrency space.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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