- Oscar Token states shib token has lost its way after promoting external HACHI token
- Account amplified Solana token launch highlighting contract identifier similarities
- Susbarium fraud channel clarifies @shibtoken lacks official ecosystem affiliation status
A Shiba Inu ecosystem project has publicly criticized the @shibtoken X account following its promotion of an external token. Oscar Token joined other community members in expressing disappointment with the account’s recent activity.
The @shibtoken account, which maintains 3.9 million followers, amplified a November 2 post from HACHI, a Solana-based token. The original tweet announced a new smart contract address beginning with x95HN. The promotion highlighted visual similarities between HACHI’s contract identifier and Shiba Inu’s contract address which starts with 0x95.
The post included imagery of two dogs representing Hachiko and Shiba Inu, suggesting a connection between the projects. Oscar Token stated in response that the account no longer reflects original values and focus of the SHIB ecosystem. “This isn’t Shib anymore; it’s completely lost its way,” Oscar wrote.
This marks a continuing pattern for @shibtoken. In November 2024, the account teased a partnership with Shiro Neko, a cat-themed token, after that project burned over 5 billion SHIB. By December 2024, @shibtoken promoted a dual-staking program from Shiro Neko allowing users to stake SHIRO tokens for SHIB rewards.
These promotions led many community members to view Shiro Neko as an official ecosystem project. However, community fraud alert channel Susbarium contested this interpretation, stressing no affiliation exists with Shiro Neko.
Susbarium clarified that @shibtoken does not operate as the official X handle of the Shiba Inu ecosystem. The channel urged users to avoid treating promotions from the account as official ecosystem endorsements. Despite these warnings, @shibtoken’s posts continue wielding considerable influence.
The account launched in February 2021 and positioned itself as the official X presence for the Shiba Inu ecosystem. The majority of its 3.9 million followers are active Shiba Inu community members. Initially, the account functioned as a primary source for ecosystem announcements, establishing a precedent where followers interpreted its posts as implicit endorsements.
Source: https://thenewscrypto.com/shiba-inu-under-fire-as-ecosystem-project-says-it-has-lost-its-way/
