Pseudonymous Shiba Inu lead Shytoshi Kusama has vehemently debunked widespread speculations that the yet-to-be-launched TREAT token is already in circulation.
The Shiba Inu ecosystem team has confirmed the launch date for the highly anticipated governance token, TREAT. The token will make its market debut on January 14, bringing decentralization to the ecosystem.
However, bad actors are now pushing the narrative that the TREAT token has existed for almost 24 months. Shiba Inu lead Shytoshi Kusama has attempted to demystify this submission.
Kusama Insists TREAT Not in Existence
In a recent post, the pseudonymous lead responded to a user who claims that TREAT stealth launched years ago. Kusama insisted that the Shiba Inu ecosystem team has not launched the governance token, so the user’s statements were incorrect.
On Sunday, the user CryptoMumms promoted a fake TREAT token, arguing that the Shiba Inu ecosystem stealth launched the asset on January 14, 2023. For context, a stealth launch occurs when a team debuts a project without pre-information or marketing.
Notably, the user and his band have been spreading this misinformation since the Shiba Inu team confirmed the TREAT launch date. This has continued despite attempts by the ecosystem’s leaders to address the menace.
Moreover, the fake token teased to be the ecosystem’s TREAT trades on ShibaSwap with the wallet contract address “0xFBD…146B.” According to DEXTools, the deepfake trades at $0.001549 and has a market cap of $3.11 million.
Shiba Inu Lead Warns Community
Meanwhile, Kusama has not held back in debunking these claims. In another post, the pseudonymous lead warned the Shiba Inu community against buying the fake token, explaining the narrative with a hilarious video of a goat repeatedly running into a flame despite several attempts to prevent the course.
Everyone: Bro, it’s the fake treat…
FAKE TREAT BUYER: https://t.co/LshFbNTBgf— Shytoshi Kusama™ (@ShytoshiKusama) January 6, 2025
Still, the Shiba Inu team has stressed the TREAT token’s importance to the ecosystem. Following its launch, TREAT will unlock new governance, rewards, and real-world utility for Shibizens.
Furthermore, the bullish sentiments around the TREAT launch contributed to SHIB’s upsurge the previous week. The ecosystem’s native token surged 12% last week, marking a rebound after a scare in late December.
At the time of writing, the prominent dog-themed meme coin trades at $0.00002381, down less than 1% in the past 24 hours.
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