Shiba Inu News: Fake TREAT Token Exposed Ahead of Official Launch

Shytoshi Kusama of Shiba Inu (SHIB) has dispelled false reports that the TREAT token exists, recent Shiba Inu news highlighted. The token has been circulating for almost two years, and speculators have been falsely claiming it. Despite the misinformation, Kusama affirmed that the TREAT is all set to launch on January 14, 2025.

Some people in the Shiba Inu ecosystem are spreading misleading rumors about TREAT. CryptoMumms further promised that the token was stealth-launched on 14 January 2023. Kusama dispelled this claim later, saying that TREAT was not out and was a rumor.

The fake token, promoted by these bad actors, has been circulating on ShibaSwap under the contract address “0xFBD…146B.” According to DEXTools, it has a market cap of $3.11M and currently trades for $0.001549. But Kusama has urged the Shiba Inu community not to buy this fake asset.

Shiba Inu News: Kusama Debunks Fake TREAT Claims With Humor

Shiba Inu’s leader came hard against the spreading rumors. He then posted a hilarious video of a goat repeatedly running into a flame in response to the fake claims. I thought this would show how people continue to follow false narratives even after they have been shown repeatedly not to.

The Shiba Inu community has been engaging with Shytoshi Kusama to clear the confusion around the TREAT token. He stressed, however, that the token’s official launch is expected midway through January 2025. His direct response helps underpin the Shiba Inu team’s dedication to transparency and accuracy.

While rampant misinformation spread, Kusama spoke with the community to assure everyone that TREAT, once launched, will bring positive changes. This TREAT will introduce governance, rewards, and utility to the Shiba Inu ecosystem, introducing a new stage in the platform’s development.

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Shiba Inu Prepares for Major Governance Shift

TREAT, expected to debut on January 14th, 2025, will be the Shiba Inu ecosystem’s native governance token. The eagerly awaited launches have made quite a buzz in the community. This launch allows Shiba Inu holders to engage in governance and gain from the ecosystem’s growth.

Besides all its governance features, TREAT will provide real-world utility for users and unlock rewards. This is supposed to boost the Shiba Inu ecosystem and help the Shiba Inu community gain more engagement. The upcoming launch is expected to change how users interact with the Shiba Inu platform dramatically.

The release of the TREAT token is another part of the Shiba Incube’s efforts to decentralize its ecosystem. After the launch, the Shiba Inu community will have a say in the project’s direction. Which dog-themed meme coin has gained significant traction within cryptocurrency has achieved an important milestone.

The Shiba Inu ecosystem has seen a surge in positive market sentiment as the TREAT launch date nears. The SHIB token has also experienced a notable price increase, rising 12% in the past week. This uptrend is likely driven by anticipation surrounding the TREAT token’s official debut.