🚨Another Crypto SCAM Unfolding? After #WazirX, Now It’s #Shardeum 💀

@NischalShetty returns with yet another questionable project — this time, it’s Shardeum ($SHM).

Just like $WRX, $SHM is draining investor funds fast. Let’s break down the damage 👇

🔻 ICO investors: -88.56%

🔻 Seed investors: -87.13%

🔻 Strategic round: -89.70%

🔻 After 2–3 years of farming, most users only received $10–$30 worth of tokens.

And yet, $SHM got listed on major exchanges like KuCoin, Bitget, and MEXC.

Remember the hype in 2022?

They promised SHM would be a “trillion-dollar smart contract platform.”

Fast forward to now — it’s barely clinging to $0.106 after raising millions.

📉 Seed Round (2022):

• Price: $0.80 | Raised: $18.2M

• Backers: Jane Street, Spartan, Foresight Ventures

• Current Value: down 80%

📉 Strategic Round (2023):

• Price: $1.00 | Raised: $5.4M

• Current Value: Almost worthless

📉 Public ICO (2025):

• Price: $0.90

• Now trading at: $0.106 — nearly 90% down

🔢 Tokenomics:

• Total Supply: 508M SHM

• Circulating at Launch: 81.3M SHM

• Price Crash: ~90%

💥 Founders exited early.

💥 Team and ecosystem got full unlocks at launch.

💥 Early investors were left with scraps.

👉 How much longer will these red flags go unchecked?

From WazirX to Shardeum — all linked to the same founder. 👀

Nischal Shetty has let down the Web3 community.

Broken promises. Massive losses. The pattern is clear.

Crypto has a long memory.