Just recently Shiba Inu's development team announced the launch of Shibarium!
And within the last 24 hours, the Shibarium Token (SHIBARIUM) has recently seen a surge in its value, increasing by over 150%.
However, there is no Shibarium Token as part of the Shibarium launch.
This meme coin is taking advantage of the news surrounding the launch and is in no way associated with the Shiba Inu ecosystem. It would seem that this token is simply trying to capitalize on the anticipation surrounding the Shibarium release.
Investors are advised to be extremely cautious as this token will likely be an attempted rug pull.
According to DexTools, The $320,000 in DEX liquidity for SHIBARIUM is not locked, implying it could be withdrawn at any moment.
Additionally, DEXTools’ security audit indicates that the token's issuer has the capability to halt transfers at any given time.
While the recent release of Shibarium is fantastic news for the Shiba Inu ecosystem, it's important not to mistake this meme coin (or others) as part of the project.
As always, it's important to do your due diligence, especially when it comes to meme coins.