As the crypto market faces another wave of volatility, Shiba Inu (SHIB) investors are being warned about the growing number of scams.
Scam Tokens on the Rise
In a recent post on X, Lucie pointed to an increasing number of scam tokens being launched by bad actors seeking to exploit market uncertainty. These tokens promise quick returns but are designed to steal from investors.
> "In these brutal market conditions, malicious actors and clout chasers are milking lies to monetize their platforms," Lucie stated.
X Called a 'Chaos Paradise'
Lucie also raised concerns about the growing number of scams, bots, and fake promotions spreading on X, calling it a 'paradise for chaos' where deceptive projects thrive and investors are easily misled.
To counter this, she mentioned that the SHIB ecosystem remains focused on user safety and is working to protect its community from these rising threats.
Shiba Inu Holds Steady in the Market
Despite the increasing threat of scams and a weak market, Shiba Inu continues to hold strong. SHIB remains the 19th largest cryptocurrency by market cap, outperforming rivals like Litecoin, even as its own price action remains muted.
In a related warning, former Binance CEO Changpeng Zhao also sounded the alarm about deepfake scams powered by AI, noting that fraudsters are now using advanced technology to trick investors with fake videos and manipulated content.
Lucie's warning serves as a reminder that scams often appear when fear and greed take over. In today's fast-moving and risky crypto space, the smartest thing investors can do is stay informed, question everything, and avoid falling for promises that seem too good to be true.
