🚨Another Crypto SCAM? First #WazirX, Now #Shardeum 💀

@NischalShetty is back with another disaster — and this time it's Shardeum $SHM

Just like $WRX, now $SHM is bleeding investors dry.

Let’s break it down 👇

🔻 ICO investors: -88.56%

🔻 Seed investors: -87.13%

🔻 Strategic Round: -89.70%

🔻 After 2–3 years of farming… most people got just $10–$30 worth of tokens.

→ All this while it got listed on KuCoin, Bitget, MEXC, etc.

Remember back in 2022?

They said #SHM would be a "trillion-dollar smart contract platform" 😂

Now it’s barely holding at $0.106 after raising millions.

Seed Round (2022):

• Price: $0.80 | Raised: $18.2M

• Investors: Jane Street, Spartan, Foresight Ventures

• Current value: down 80%!

Strategic Round (2023):

• Price: $1.00 | Raised: $5.4M

• Now worth: Pennies...

Public ICO (2025):

• Price: $0.90

• Current: $0.106 🔻

TOTAL SUPPLY: 508M SHM

- Circulating at launch: 81.3M SHM

- Current price: ~90% DROP!

🤯 Founders dumped early. Ecosystem & team got full unlock at launch.

Meanwhile, early backers got crumbs.

👉 How long will this pattern go unnoticed?

First WazirX rug, now Shardeum dump — all under the same founder 👀

Nischal Shetty has FAILED the Web3 community.

From empty promises to investor losses, it’s all adding up now.

Crypto never forgets.