Shytoshi Kusama Warns Community on X: TREAT Token Launch Scheduled for January 14, 2025

Shiba Inu (SHIB) has been making headlines with its ambitious four-token system and the highly anticipated launch of its TREAT token. However, amidst this excitement, a false rumor has spread within the community, leading to the circulation of a fake token on ShibaSwap.

In response to this misinformation, Shytoshi Kusama, the lead developer of Shiba Inu, took to social media to strongly reject these claims and clarify the official launch date of the TREAT token.

According to Kusama, the TREAT token is not yet available and is scheduled for launch on January 14, 2025. He warned the community against purchasing any tokens claiming to be TREAT that are being promoted by bad actors.

The fake token was found circulating on ShibaSwap under the contract address “0xFBD…146B.” Its price резко упал from a high of $0.002600, following the news of its fraudulent nature.

This fake token, which was initially riding the general market trend, saw its price plummet drastically after Shytoshi’s announcement. The token's price dropped to as low as $0.001335 at the time of writing.

Despite having a market cap of $2.66 Million, Kusama urged the Shiba Inu community to avoid buying this fraudulent asset and highlighted that the TREAT token will be officially launched in the middle of this month.

After strongly denying the rumors about the TREAT token, Shytoshi Kusama responded to the situation with a light-hearted video of a goat running into a flame.

His intention was clear with the said video, as it highlights how some people persist in following false narratives despite repeated corrections. Kusama’s move was a lighthearted yet forceful reminder of the persistence of misinformation.

The Shiba Inu community was eager to clear the confusion and reached out to Kusama for clarification. He confirmed that TREAT will be officially launched on January 14, 2025.

He also emphasized the Shiba Inu team’s commitment to transparency and that they won’t do anything without informing the community first. This direct communication underscored their dedication to providing accurate information to their followers.

In the same course, Shytoshi also reassured the community that once TREAT token is launched, it will introduce governance, rewards, and utility to the ecosystem, which will mark an exciting new chapter for Shiba Inu.

Moreover, the official announcement on the website has further solidified TREAT’s potential impact.

The buzz around TREAT token’s launch has also contributed to a surge in Shiba Inu price. In the first week of 2025, the token saw a 15% rise, recovering from a dip in late December.

This followed a period of broader market optimism after the U.S. presidential election in November, which raised expectations of pro-crypto policies. Bitcoin’s price soared past $100K for the first time, lifting the broader crypto market, and Shiba Inu hit a Q4 high of $0.00003344 in December.

However, Shiba Inu’s price failed to continue its upward momentum as Bitcoin’s price reached a peak of $108K, then dipped in mid-December. Also, the much-anticipated Santa Claus rally failed to materialize last year, but a new year rally brought fresh hope.

As of writing, Shiba Inu was trading at $0.00002368, down 1.60% in the past 24 hours. It was struggling to hold steady near the 20-day and 50-day EMA bands.

The MACD and AO histogram have started to grow, showcasing optimism in Shiba Inu price. Additionally, the money inflow has also increased thanks to this week’s momentum, at the time of writing it moved past the zero line at 0.03. However, RSI stays at the 50.12 level, which signifies the current equilibrium state.

According to CoinMarketCap, Shiba Inu currently ranks 15th in market capitalization, valued at $13.98 Billion with a spot trading volume of $496.53 Million.

In addition, the derivatives market for Shiba Inu has seen a significant uptick, with trading activity rising by 11%, reaching $147.30 Million.

Also, the open interest has also surged, with the total value of outstanding contracts in the market now standing at $131.79 Million.