Since its emergence in 2020, Shiba Inu (Shiba) has swept through the world of cryptocurrencies like a storm, capitalizing on the mania of "meme coins" that launched with Dogecoin. However, beyond the shiny slogans and promises of "quick wealth," it carried within it a project closer to a clever manipulation than a real investment. In this article, we reveal what many do not know about the truth of Shiba currency.
Behind the curtain: How did it all start?
Shiba appeared with an innocent facade: a meme currency aimed at creating a strong and different community.
But from the beginning, huge amounts of the currency were distributed to specific wallets, some directly linked to the founding team, allowing them to secretly control the market.
Manipulation secrets: How did millions fall into the trap?
Control of major wallets:
A huge percentage of the currency was owned by whales linked to the team. These wallets controlled the rise and fall of the price as they pleased, without oversight.
False media hype:
Fake rumors and partnerships were launched to attract investors, then the price was manipulated through sudden selling by the whales.
The founder's disappearance (Ryoshi):
After the project peaked, the founder of Shiba disappeared from the scene, leaving behind thousands of investors adrift without a clear vision.
Fraudulent coin burning:
Despite the team's talk about "burning huge amounts to support the price," the impact of these operations was almost negligible compared to the total supply, revealing an intention to mislead the community.
Community trick: How was emotion used as a weapon?
The Shiba team built what is called the "Shiba Army," where any criticism of the currency was met with accusations of betrayal or ignorance.
This toxic environment reinforced the illusion that Shiba is an "invincible currency," while the truth is that millions lost their money to a few who manipulated them skillfully.
Sub-projects... for a new theft?
Manipulation did not stop at Shiba currency alone. Side projects like ShibaSwap and Shibarium were launched to collect more funds from investors, exploiting the reputation of the original currency, without providing any real value.
Conclusion: A game from start to finish
The Shiba currency was never a serious investment project.
It was a clever game designed to seduce the simple with quick riches, then rob their money through organized manipulation wrapped in digital smiles.
The golden advice:
In the crypto world, whenever you hear about an "irreparable" opportunity or a promise of quick wealth, remember that "the big fish eats the small one." Be the hunter, not the prey.
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