[ccpw id="39382"]

HomeCrypto NewsMarketSHIB Ecosystem Project Says 'Shiba Inu Has Completely Lost Its Way'

SHIB Ecosystem Project Says ‘Shiba Inu Has Completely Lost Its Way’

Date:

Written By:

Follow TheCryptoBasic

A Shiba Inu ecosystem project has criticized the @shibtoken X account after it recently promoted a separate token.

According to a post on X today, @shibtoken, widely regarded as the official Shiba Inu X account, amplified a November 2 tweet from Hachiko (HACHI), a Solana-based token. In that tweet, HACHI announced the launch of a new smart contract address, x95HN…bWKyp.

Through the promotion, the Shiba Inu account placed HACHI alongside SHIB by highlighting a visual similarity in their contract identifiers. Specifically, HACHI’s new contract begins with x95, while Shiba Inu’s contract address also starts with 0x95, a parallel that quickly drew attention. Additionally, the post featured an image of two dogs, Hachiko and Shiba Inu, further suggesting a relationship between the two tokens. 

- Advertisement -

Ecosystem Project Criticizes @Shibtoken Recent Activity  

However, the promotion immediately triggered backlash from ecosystem participants. The Shiba Inu ecosystem project Oscar Token joined other community members in voicing their concerns.

In a tweet, the Oscar Token team expressed disappointment with the Shiba Inu account’s activity, suggesting that it no longer reflects the original values and focus of the SHIB ecosystem. 

“This isn’t Shib anymore; it’s completely lost its way,” Oscar wrote in reaction to the Shiba Inu promotion.

Not New 

Meanwhile, this is not the first time @Shibtoken has promoted tokens outside the official Shiba Inu ecosystem. In November 2024, the account teased a partnership with Shiro Neko, a cat-themed token, after the project burned more than 5 billion SHIB. By December 2024, @Shibtoken further promoted a dual-staking initiative from Shiro Neko that allows users to stake SHIRO in exchange for SHIB rewards.

As a result, many community members began to view Shiro Neko as an official Shiba Inu ecosystem project. However, the community fraud alert channel Susbarium pushed back against that narrative, stressing that it has no affiliation with Shiro Neko.

Moreover, Susbarium clarified that @Shibtoken is not the official X handle of the Shiba Inu ecosystem, urging users to avoid treating any promotion from the account as an official ecosystem endorsement. 

Too Late?

Despite repeated warnings, @shibtoken’s tweets continue to have a significant influence. Launched in February 2021, @shibtoken has positioned itself as the official X account for the Shiba Inu ecosystem, amassing a substantial following of 3.9 million users. 

The majority of its followers are active members of the Shiba Inu community. Initially, the account served as the primary source for ecosystem announcements, leading many to interpret its promotions as implicit endorsements.

Now, some are seeing it as a liability. Whenever the account promotes separate tokens, it often diverts attention from Shiba Inu, potentially weakening the community’s focus on the core asset. 

As a result, Oscar Token believes there is a need to save the account from consistently promoting other tokens. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

More from Author

Latest Stories

Shiba Inu Forecast for Jan 19: Can SHIB Lift Back Above 0.618 Fibonacci Level?

Shiba Inu tests key support after a sharp drop, with traders watching whether SHIB can reclaim the 0.618 Fibonacci level to stabilize price. Shiba Inu's...

Solana Prediction for Jan 19: SOL Faces Stiff Resistance but Analyst Eyes Rebound to $145

Solana faces resistance at key levels, but a potential rebound from support could trigger a rally toward previous highs. The Solana (SOL) price has experienced...

Bitcoin Price Analysis: BTC Struggles at Critical Support as $230M in Liquidations Shakes Market

Bitcoin faces pressure at key support levels as liquidations rise, with geopolitical tensions and market volatility influencing price action. The recent Bitcoin (BTC) slide, tumbling...

Binance CZ: Bitcoin Reaching $200,000 “Is the Most Obvious Thing in the World”

Bitcoin could climb to $200,000 as regulatory pressure eases and BTC becomes more embedded in global financial markets, according to Binance founder Changpeng Zhao. Zhao...

XRP vs Ethereum: Can XRP Catch Up by 2030?

As XRP continues to trail Ethereum in the global crypto rankings, discussions persist around the prospect of a “flippening.” In 2025, many industry leaders and...

Ethereum Price Analysis for Jan 15: Where Next as ETH’s 50-Day MA Flips to Support?

Ethereum shows improving momentum, holding above key support levels, with traders eyeing potential upside. Ethereum (ETH) has seen a 1.1% pump in the past 24...

‘XRP Is Perfectly Positioned for a Move as Early as Tomorrow’: Details

XRP is showing signs of an imminent move, as the current chart structure and volume behavior suggest the market is preparing for action. This observation...

XRP Posts One-Time Historical Bullish Signal Against Ethereum

XRP has returned to a rare long-term position against Ethereum after breaking above the two-week Ichimoku Cloud. For context, the Ichimoku Cloud structure has historically...

Shiba Inu Forecast for Jan 19: Can SHIB Lift Back Above 0.618 Fibonacci Level?

Shiba Inu tests key support after a sharp drop, with traders watching whether SHIB can reclaim the 0.618 Fibonacci level to stabilize price. Shiba Inu's...

Shiba Inu Analysis for Jan 15: Shiba Inu Must Hold Above This Bollinger Band Support: What’s Next?

Shiba Inu must hold above the middle Bollinger Band support to reverse the current price action. Shiba Inu (SHIB) has experienced a 2.3% decline in...

Dogecoin Prediction for Jan 16: Resistance Holds But Analyst Eyes Massive Surge to $9

Dogecoin faces resistance, but analysts predict a potential surge if key indicators align. Dogecoin (DOGE) changes hands at $0.14 during this press, a 2.6% decline...

Dogecoin Prediction for Jan 14: Can DOGE Hold on Breakout Zones as Long Positions Dominate?

Dogecoin has broken key resistance levels, but can it hold above support and sustain bullish momentum? Notably, Dogecoin (DOGE) has recorded a strong bullish session...

Guides