As crypto market volatility intensifies, Shiba Inu’s marketing lead, Lucie, has issued a critical warning to investors: beware of rising scams and fake tokens, especially on X (formerly Twitter). The growing threat is impacting new and seasoned users alike, as scammers take advantage of chaos to mislead and steal.
Scam Tokens Flooding Social Platforms
In a recent alert, Lucie warned the SHIB community to remain vigilant, pointing to an alarming rise in scam tokens promoted on social media platforms. These tokens, often disguised as the next big thing, promise quick profits but are usually built to exploit hype and defraud investors.
“In these brutal market conditions, malicious actors and clout chasers are milking lies to monetize their platforms,” Lucie stated.
She strongly advised investors to avoid emotional decisions, double-check URLs and team credentials, and conduct thorough research before buying into any project.
X: A “Chaos Paradise” for Bots and Fake Promotions
Lucie described X as a breeding ground for scams, where bots, fake giveaways, and impersonation accounts thrive. With reduced platform moderation and rising market desperation, scammers are targeting trending topics like SHIB to lure victims.
Despite the threats, Lucie reaffirmed that the Shiba Inu ecosystem is prioritizing community safety, focusing on transparency and education to help users spot and avoid malicious schemes.
SHIB Maintains Position Despite Market Pressure
Even amid growing risks and weak overall sentiment, SHIB continues to rank among the top 20 cryptos, sitting firmly as the 19th-largest cryptocurrency by market cap. It has even outperformed major rivals like Litecoin, reflecting continued community strength.
However, experts agree that price stability doesn’t shield a project from scams. Former Binance CEO Changpeng Zhao recently highlighted the danger of deepfake AI scams, where attackers use synthetic video and audio to impersonate leaders and push fraudulent content.
Final Advice: Stay Smart, Stay Safe
Lucie’s warning is a wake-up call for crypto users: scams increase during periods of uncertainty, feeding on emotion and misinformation. The most effective defense is education, skepticism, and due diligence.
Always verify before trusting any project or promotion — especially on platforms like X, where bad actors thrive.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.