The Shiba Inu (CRYPTO:SHIB) team has recently alerted its community about a surge in token scams targeting investors.
These scams, often pretending to be affiliated with Shiba Inu and Shibarium developers, exploit the trust of the SHIBArmy by using familiar branding and terminology.
Despite decentralised exchange limitations, the team urges caution and thorough research before investing in any token to avoid falling victim to these schemes.
Additionally, the community has been warned about fake TREAT (CRYPTO:TREAT) tokens attempting to capitalise on the Shiba Inu ecosystem.
Despite these challenges, Shiba Inu's market momentum is showing positive signs, with an increase in daily trading volume and the coin maintaining its position among the top cryptocurrencies.