Wednesday, May 22, 2024
HomeCryptocurrencyShiba Inu Team Sends Warning Message to the SHIB Army

Shiba Inu Team Sends Warning Message to the SHIB Army

Lucie, a prominent Shiba Inu development team member and market strategist, has issued a fresh warning about the upcoming TREAT token release. 

According to Lucie, TREAT is still in its development phase, which invariably implies that the token was never launched as has been speculated. In addition, she warned the SHIB community to be wary of scammers who seemed to be projecting TREAT as a completed and released project.

Read Also: Unrealistic Shiba Inu (SHIB) Market Capitalization For A $1 Price Point

The market strategist remarked, “Treat has not been launched yet!!! Beware of scammers pretending otherwise.”

For context, TREAT is one of the most anticipated crypto assets in the Shiba Inu ecosystem. Apart from TREAT being a digital asset that would attract users to the Shiba Inu metaverse, it would also be crucial in sustaining liquidity for the SHIB stablecoin.  

What Could Be The Reason For the Stern Warnings 

Based on the findings, Lucie’s outburst could be linked to the rumors and posts speculating in the Shiba Inu community, relaying the impression of a potential TREAT release by the Shiba Inu development team.

Also, aside from the fact that the rumors are baseless and false, they are aimed at scamming unsuspecting crypto investors of their funds and other valuables. 

More alarming is the fact that a Twitter user went as far as speculating that the TREAT went live in January. According to this yet-to-be-identified Twitter user, TREAT was launched quietly in a manner he referred to as the “Ryoshi style.” 

Furthermore, this suspected false news peddler claimed that TREAT was trading actively with other trading pairs on the ShibaSwap decentralized exchange. 

Claims like the one above and similar ones are what the Shiba Inu development team hopes to curtail by drawing the attention of its community members once they notice such misleading information.

Read Also: Shibburn Shares Likely Shiba Inu Price All-time High Without Vitalik Buterin 2021 SHIB Burn

Previous Scam Alerts On The Shiba Inu Ecosystem 

The recent outburst by Lucie is not her first. The market strategist had called the attention of Shiba Inu community members to several potential scam ventures. 

In one of our previous reports, Lucie took to Twitter to call the public attention to a fraudulent scheme centered on centralized crypto outlets.


According to the Shiba Inu development team member, some miscreants were suspected of parading themselves as a member of the Shiba Inu community to centralized exchanges to gain unauthorized access to these platforms for obviously fraudulent purposes. 

While scam schemes will constantly evolve and keep emerging as the crypto industry grows, the bottom line remains that TREAT has not been released yet. Presently, any coin in the market with the TREAT ticker is a duplicate and fake.

Follow us on Twitter, Facebook, Telegram, and Google News

Chinedu Agbakwusi
Chinedu Agbakwusi
Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.

Latest News & Articles