Shytoshi Kusama, Shiba Inu’s lead developer, recently posted on X, highlighting Crypto.com’s error regarding the TREAT token.
Shytoshi Kusama, Shiba Inu’s lead developer, recently took to X to reveal an exchange’s error with TREAT, a Shiba Inu ecosystem token.
On July 21, the lead developer shared a post that alleged that Crypto.com had provided users with inaccurate information regarding the token.
This post has rapidly garnered significant traction in the broader crypto space, elucidating the complexities surrounding the TREAT token and providing users with a secure trading environment.
Shytoshi Kusama Unhappy With Crypto.com’s Blunder
In his post, the dev wrote, “Sadly Crypto.com wrote about our TREAT token that is not yet launched, assuming incorrectly that it was.”
This statement is in regard to a previous article on the crypto platform that provided users with an incorrect link to a Treat site.
As noted, the link was unrelated to the Shiba Inu ecosystem.
Subsequently, Kusama’s post emphasized that the SHIB community had already initiated efforts to resolve the matter by reaching out to the exchange.
Also, Shytoshi Kusama’s post added, “Proceed with caution with this other Treat token (and many other spoofs that will inevitably be created to scam you).”
TREAT is the utility and governance token for Shiba Inu’s new privacy-focused Layer 3 blockchain, which is worth noting.
SHIB is also one of the top meme coins in terms of market capitalization.
SHIB Market Performance
Meanwhile, SHIB’s price remained stable at $0.00001779, indicating consolidation.
The 24-hour lows and highs of the coin are $0.00001714 and $0.0000184, respectively.
CoinGape’s most recent price analysis of SHIB indicates that the token is aiming for a price of $0.00002 in the face of substantial whale accumulations.
Additionally, the RSI remained at 49, suggesting that the dog-themed meme token is poised for a potential takeover by either market bulls or bears.
The futures market data fueled investor speculation in light of SHIB’s ambiguous market position.
The volume increased by 6.42% to $218.02 million, while the futures OI sank by 6.98% to $45.87 million.
