Shiba Inu’s marketing lead, Lucie, has issued a warning to the SHIB community about scammers promoting fake TREAT tokens. This article details the warning and provides insights into the ongoing issues affecting SHIB.
Points
- Lucie warns the SHIB community about fake TREAT tokens.
- The TREAT token has not been launched yet, contrary to scammers’ claims.
- Despite recent setbacks, SHIB remains strong in the market.
Shiba Inu marketing lead, known as Lucie, has issued a crucial warning to the SHIB community regarding scammers attempting to deceive users with fake TREAT tokens. Lucie emphasized that the TREAT token, an important part of the Shibarium ecosystem, has not been launched yet.
Community Alert: Lucie’s warning comes in response to numerous reports of scammers trying to convince the SHIB army that TREAT tokens are available for purchase. She urged the community not to fall for these scams and reiterated that TREAT is not launched yet. The official statement can be found on her Twitter account, where she wrote, “Don’t let scammers deceive you. $TREAT IS NOT LAUNCHED YET.”
Market Impact: Despite the 11% decline faced by Shiba Inu following the WazirX hack, which resulted in the theft of $100 million in SHIB, the cryptocurrency has shown resilience. Since the hack, SHIB has recovered half of its losses, gaining more than 5% and trading at $0.00001765.
Decentralization Advocacy: The incident has sparked discussions among crypto leaders about the importance of decentralized systems. Shiba Inu’s lead, Shytoshi Kusama, along with other notable figures like Dogecoin’s founder Billy Markus and Cardano’s Charles Hoskinson, have criticized centralized systems following the global IT outage caused by CrowdStrike’s update. They advocate for a shift to decentralized Web3 systems to ensure greater security and innovation.
Explanation
- Scam Warning: Lucie’s alert is crucial for protecting the SHIB community from falling prey to scammers promoting fake TREAT tokens.
- Market Resilience: Despite setbacks, SHIB has demonstrated resilience and recovery, maintaining a strong position in the market.
- Decentralization Advocacy: The incident highlights the need for decentralized systems, with leaders advocating for a move towards Web3 technologies to prevent similar issues in the future.