Shiba Inu Ecosystem’s Lead Developer Denies Claims of TREAT Governance Token Being Available in the Market

The Shiba Inu ecosystem’s lead developer, Shytoshi Kusama, has refuted claims that the highly anticipated TREAT governance token is already available in the market.

The lead developer of the Shiba Inu ecosystem has refuted claims that the highly anticipated TREAT governance token is already available in the market.

The official launch of TREAT is slated for January 14, but misinformation about its release has prompted Shytoshi Kusama to issue a warning to the community.

Announced earlier this year, the TREAT token is set to introduce enhanced decentralization and utility to the Shiba Inu ecosystem. According to official statements, the token will debut on January 14, 2025. However, a user recently claimed that TREAT has been available for nearly two years.

On Sunday, a user known as CryptoMumms promoted what they claimed to be the “real” TREAT token, asserting that it had been stealth-launched on January 14, 2023. In blockchain terms, a stealth launch occurs when a token is released without prior marketing or public announcement. This misinformation coincides with the ecosystem’s official announcement of the upcoming launch date, sparking confusion among community members.

In response, Kusama directly addressed the false claims. He made it clear that the token had not been launched. The developer dismissed CryptoMumms’ assertions and warned the community to remain cautious.

The fake token being marketed as TREAT is reportedly trading on ShibaSwap with the wallet contract address “0xFBD…146B.” Data from DEXTools shows the counterfeit token priced at $0.001549 with a market capitalization of $3.11 million.

Kusama emphasized that these claims are baseless and urged Shiba Inu supporters to avoid engaging with or investing in the fraudulent token. The team continues to monitor the situation and has reiterated the official launch date for TREAT.

The token is expected to play a key role in the Shiba Inu ecosystem, offering governance functionality, rewards, and practical utility. Its introduction is anticipated to strengthen the project’s decentralization efforts and provide additional benefits to the community.

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The excitement around the TREAT launch has contributed to positive momentum for SHIB, the ecosystem’s native token. Last week, SHIB saw a 12% increase, recovering from a minor dip in late December. As of now, SHIB is trading at $0.00002403, reflecting a slight growth of 0.04% in the last 24 hours.

As the launch date approaches, Kusama and the team continue to urge caution within the community. Investors and supporters are advised to rely on official channels for updates and avoid any token claiming to be TREAT before its confirmed release. The team remains committed to protecting the ecosystem and ensuring transparency around the token’s rollout.

The official debut of the token is expected to mark a significant milestone for the Shiba Inu ecosystem, further solidifying its position in the cryptocurrency space.

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