Shiba Inu is the most popular meme-cryptocurrency in the world at the moment. It is the 13th most valuable cryptocurrency, falling three positions below Dogecoin.
However, as the rise of Shiba Inu gets more and more intense, many scam projects have also emerged that are trying to connect their names to Shib. One amongst them is the ShibaInu Swap project.
The ShibaInu Swap Project
On Twitter, the ShibaInu Swap project has already gained many followers. The @shibaswap_dog Twitter account has more than 88,000 followers and is doing a presale of ShibaInu swap to the ShibArmy. Many ShibArmy members who are not aware about this scam project have become a victim to it.
But now, the ShibArmy on Twitter is warning all its ‘hodlers’ that the ShibaInu Swap project is not officially connected to ShibaInu and is most likely a scam.
“You can definitely see that it’s a scam project by the comments. All the comments are precomposed and given to people with different accounts to post them. Moreover, $Shiba doesn’t have airdrops. So stop fooling the potential investors.”
“STOP THIS SCU*BAG!! THIS IS A SCAM.. DONT GET BE FOOLED BY THIS #SHIBARMY .. how come there is a shibainuswap on pancake swap?? And for the record #SHIB is do not make an airdrops!! BE CAREFUL FOR YOUR INVESTMENT AND DONT CONNECT ANY OF YOUR WALLET ACCOUNT ON THIS FAKE SITE!! RT”
There is a lot of anger among the Shiba Inu community regarding the rising scams that are being perpetrated by using the name of Shib and baiting innocent investors.
In conclusion, Shiba Inu is legit but the newly formed ShibaInu Swap project is trying to deceive investors of their hard-earned money. Be cautious while deploying your money in ShibaInu swap and do your own due-diligence before making an investment decision.
What do you think about the whole story? Tell us your thoughts in the comments.