Shytoshi Kusama of Shiba Inu (SHIB) has dismissed false reports of the existence of the TREAT token, according to recent Shiba Inu news. The token circulated for almost two years and was falsely claimed by speculators. Despite the misinformation, Kusama has confirmed that TREAT is set to launch on January 14, 2025.
Some people in the Shiba Inu ecosystem are spreading false rumors about TREAT. CryptoMumms further promised that the token was stealthily launched on January 14, 2023. Kusama later dismissed this claim, saying that TREAT had not been announced and was a rumor.
A fake token, promoted by these bad actors, is circulating on ShibaSwap under the contract address “0xFBD…146B.” It has a market cap of $3.11 million and currently trades at $0.001549, according to DEXTools. But Kusama urged the Shiba Inu community not to buy these fake properties.
Shiba Inu News today: Kusama humorously debunks false claims about TREAT
The Shiba Inu leader strongly opposed the rumors that were being spread. He then posted a hilarious video of a goat constantly running into flames in response to the false claims. I thought this would show how people continue to follow false stories even after they have been repeatedly shown not to.
The Shiba Inu community worked with Shytoshi Kusama to clear up the TREAT token confusion. He emphasized, however, that the official launch of the token is expected in mid-January 2025. His direct response helps support the Shiba Inu team’s commitment to transparency and accuracy.
As rampant misinformation spread, Kusama spoke to the community to reassure everyone that TREAT, once launched, would bring about positive change. This TREAT will introduce governance, rewards and utility to the Shiba Inu ecosystem, ushering in a new phase in the platform’s development.
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The Shiba Inu is preparing for a major management change
TREAT, which is expected to premiere on January 14, 2025, will be the original management token of the Shiba Inu ecosystem. The eagerly awaited launches created a lot of buzz in the community. This launch allows Shiba Inu owners to get involved in managing and benefiting from ecosystem growth.
In addition to all the management features, TREAT will provide users with real utility and unlock rewards. This should boost the Shiba Inu ecosystem and help the Shiba Inu community get more engaged. The upcoming launch is expected to dramatically change the way users interact with the Shiba Inu platform.
Issuing the TREAT token is another part of Shiba Incube’s efforts to decentralize its ecosystem. After launch, the Shiba Inu community will have a say in the direction of the project. Which dog-themed meme coin has gained significant popularity within cryptocurrency has reached an important milestone.
The Shiba Inu ecosystem has seen a surge in positive market sentiment as TREAT’s launch date approaches. The SHIB token has also seen a significant increase in price, rising 12% in the past week. This upward trend is likely fueled by the anticipation surrounding the official debut of the TREAT token.
