Shiba Inu Watchdog Sounds Alarm: New Tokens Trigger Red Flags

The so-called ’degen plays’ are back—fresh tokens in the Shiba Inu ecosystem raise eyebrows as the community watchdog slams them with critical warnings. Buyer beware: another round of ’innovative finance’ might just mean innovative ways to separate you from your money.

Source Susbarium Interestingly, the promoter of the token is none other than Ragnar Shib, a prominent figure in the Shiba Inu community. Ragnar is an administrator in the Shiba Inu ecosystem Telegram group and has been an active voice in the SHIB community. Yesterday, he launched several tokens, including the “Shiba is Shiba” on Zora, a social platform that allows users to create and deploy tokens on Coinbase’s Base network. Other deployed tokens include the “Happy Earth Day!” and “Woof!!!” Meanwhile, Susbarium has clarified that although they came from a prominent member of the Shiba Inu ecosystem, the tokens have no affiliation with the network. The platform further urged the community to verify sources and avoid misleading claims. Ragnar Reacts The callout spurred a fracas in the Shiba Inu community, with Raganar criticizing Susbarium’s tweet. In an X post, the staunch enthusiast warned against the ecosystem’s watchdog, branding their activities misleading and self-serving. He claimed that Susbarium calls every project with which it has no affiliation a scam and urged caution while dealing with the platform. https://twitter.com/RagnarShiba/status/1914767101996548594 Furthermore, Ragnar highlighted that he never mentioned he was part of the Shiba Inu team, as the post claims. Moreover, he insisted that Susbarium’s efforts aimed to centralize the ecosystem and “seize control” of the SHIB and its official group. Meanwhile, other reactions noted that Ragnar’s activity in the ecosystem has in no way been depicted as shady, but this remains under discussion. Recall that he denounced involvement with some NFT projects coined with his name in 2023, urging the community to be on guard against scam tokens.