The Shiba Inu project, known for its fiery community (SHIB Army) and meme-coin SHIB coin, has issued a critical warning about recently launched fake tokens that mimic Sheboshis. These fake Sheboshis pose a significant threat to unsuspecting investors. Therefore, Shiba Inu encourages its team to be careful and cautious. Here are the details

Sheboshi alert for SHIB coin

Launched in late February, Sheboshis are a unique token that utilizes the DN404 standard. This standard goes beyond traditional NFTs. It offers a hybrid approach that combines the advantages of both ERC-20 and ERC-721 tokens. Sheboshis not only provide the exclusivity of NFTs, but also the liquidity and fractional ownership of ERC-20 tokens, marking a potential turning point in the NFT space.

But the hype surrounding Sheboshi has attracted malicious actors. Scammers are creating and distributing fake Sheboshi tokens designed to fool unsuspecting investors. Lucie, a key member of the Shiba Inu team, sounded the alarm by pointing out the significant difference in price tags via an X post. Lucie said the following:

Warning: Please understand the important difference: SHEB has no zeros. Be informed and careful.

There is a sharp difference in prices

Lucie further emphasized this point by sharing a screenshot. The original Sheboshi token associated with the Shiba Inu ecosystem is currently trading at a three-digit figure (around $276). In contrast, the fake SHEB tokens have five zeros on their price tags. This indicates a value significantly lower than one cent.

This sharp difference serves as a very important red flag for investors. It is crucial to exercise caution and verify the authenticity of any Sheboshi token before making a deposit. Reliable sources of information include official Shiba Inu channels and trusted community sources. While counterfeit Sheboshi pose a serious threat, the Shiba Inu ecosystem continues to experience positive developments. The project’s Layer 2 platform, Shibarium, has reached an important milestone.

Exciting developments for Shibarium

Cryptocoin.com As we reported, Shibariumscan reported that Shibarium has surpassed 4 million blocks and a staggering 413 million total transactions. This impressive transaction volume shows that Shibarium is gaining more and more adoption. The platform also has more than 1.39 million unique wallet addresses and a thriving app ecosystem. These metrics are critical. For some, they paint a picture of a rapidly expanding platform.