Shytoshi Kusama Of Shiba Inu Coin Clears Up TREAT Token Rumors Ahead of January Launch

• Shytoshi Kusama has confirmed that the long-awaited TREAT token will officially launch on January 14, 2025.
• This announcement comes in response to false claims that the token was stealth-launched two years ago, which Kusama firmly denied.
• Kusama also addressed the presence of a fake TREAT token circulating on ShibaSwap.

On New Year’s Day, Shytoshi Kusama shed light on Shiba Inu‘s evolving vision on their official website. He outlined its ambitious four-token system that has moved beyond its origins as a meme coin.

Drawing inspiration from the U.S. government’s structure, the system is designed to prevent a single point of failure by distributing governance across multiple tokens. The four tokens in this structure are SHIB, LEASH, BONE, and the soon-to-be-launched TREAT.

However, with Shiba Inu’s growing recognition, scammers have taken advantage of the situation. False rumors have circulated within the community. Some of these rumors claim that TREAT token has already been released.

But, Shytoshi Kusama strongly rejected these claims, clarifying that TREAT is not yet out and is set for launch on January 14, 2025. The fake token, which some bad actors are promoting, has been found circulating on ShibaSwap under the contract address “0xFBD…146B.”

After the misinformation spread, the token’s price, which had been riding the general market trend, plummeted from a high of $0.002600 to $0.001335.

Despite the fake token’s market cap of $2.66 Million, Kusama has warned the Shiba Inu community not to purchase this fraudulent asset. He further said that TREAT token will be officially launched in middle of this month.

Shytoshi Kusama Warns Community on X

After strongly denying the rumors. Shytoshi Kusama, responded strongly to the rumors about the TREAT token, posting a light-hearted video of a goat running into a flame.

His intention was crystal clear with the said video, as it highlights how some people persist in following false narratives despite repeated corrections. Kusama’s move was a lighthearted yet forceful reminder of the persistence of misinformation.

Furthermore, the Shiba Inu community was eager to clear the confusion, and they reached out to Kusama for clarification. He reaffirmed that TREAT’s official launch is scheduled for January 14, 2025.

He also emphasized the Shiba Inu team’s commitment to transparency, and they won’t do anything without prior informing the community. This direct communication underscored their dedication to providing accurate information to their followers.

In the same course, Shytoshi Kusama also reassured the community that once TREAT token is launched, it will introduce governance, rewards, and utility to the ecosystem, which will mark an exciting new chapter for Shiba Inu. Moreover, the official announcement on the website has further solidified TREAT’s potential impact.

The Treat Token Buzz is Helping Shiba Inu Rise

Likewise, the buzz around TREAT token’s launch has also contributed to a surge in Shiba Inu price. In the first week of 2025, the token saw a 15% rise, recovering from a dip in late December.

This followed a period of broader market optimism after the U.S. presidential election in November, which raised expectations of pro-crypto policies. Bitcoin’s price soared past $100K for the first time, lifting the broader crypto market, and Shiba Inu hit a Q4 high of $0.00003344 in December.

However, Shiba Inu’s price failed to continue its upward momentum as Bitcoin’s price reached a peak of $108K, then dipped in mid-December. Also, the much-anticipated Santa Claus rally failed to materialize last year, but a new year rally brought fresh hope.

As of writing, Shiba Inu was trading at $0.00002368, down 1.60% in the past 24 hours, it was struggling to hold steady near the 20-day and 50-day EMA bands. The MACD and AO histogram has started to grow, showcasing optimism in Shiba Inu price.

Additionally, the money inflow has also increased thanks to this week’s momentum, when writing, it moved past the zero line at 0.03. However, RSI stays at the 50.12 level, which signifies the current equilibrium state.

Shiba Inu Spot & Derivatives Data

According to CoinMarketCap, Shiba Inu currently ranks 15th in market capitalization, valued at $13.98 Billion with a spot trading volume of $496.53 Million. In addition, the derivatives market for Shiba Inu has seen a significant uptick, with trading activity rising by 11%, reaching $147.30 Million.

Also, the open interest has also surged, with the total value of outstanding contracts in the market now standing at $131.79 Million.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.