Shiba Inu Warns Investors About Female SHIB Token
In recent Shiba Inu news, the ShibArmy Scam Alerts issued a warning to cryptocurrency enthusiasts, particularly Shiba Inu investors, regarding the Female SHIB (SHEB) token. The team behind Female SHIB has stated that they have no connection to Shibarium, but the Shiba Inu ecosystem team remains cautious, suspecting that the project may have malicious intent due to its misleading branding.
Concerns Over Female SHIB
ShibArmy Scam Alerts highlighted that the token's use of the terms “SHEBOSHI” and “SHEB” could confuse members of the Shiba Inu community. SHEB is the official ticker of SHEboshi, Shiba Inu’s DN404 token, which launched earlier this year and sold out quickly. The combination of Ethereum ERC-20 and ERC-721 standards in the SHEboshi token makes it a significant part of the Shiba Inu ecosystem. However, the use of these names by Female SHIB has raised concerns.
The Shiba Inu ecosystem team expressed disapproval of Female SHIB's branding, suggesting that the use of names associated with the Shiba Inu ecosystem could lead to distrust within the community. They urged investors to verify the legitimacy of any project through official channels.
About Female SHIB
Female SHIB was launched earlier this year with a focus on empowering women in the cryptocurrency industry. Despite its ambitions, the token’s presence on social media remains modest, with its X account, created in May 2024, having just 157 followers.
The token, listed on Uniswap under the trading pair SHEB/WETH, is currently priced at $0.0000002233, showing a daily gain of 1.37%. According to DEXTools, Female SHIB has a market cap of $94,080 and a circulating supply of 420.69 billion tokens, with 1,040 addresses holding the token at the time of reporting.
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