NewsCryptoShiba Inu Scam Warning: Commentator Rejects Fake Claim of Blockchain Migration and ShibaSwap Rebuild

Shiba Inu Scam Warning: Commentator Rejects Fake Claim of Blockchain Migration and ShibaSwap Rebuild

Author: Hokanews·

Key Takeaways

  • A rumor that Shiba Inu would move to another blockchain and rebuild ShibaSwap was publicly rejected as fake by longtime community commentator Mazrael.
  • Mazrael said the accounts promoting the claim have no connection to Shibarium or ShibaSwap and warned that similar false migration messages have circulated before on Telegram.
  • As of publication, neither the Shiba Inu team nor Shibarium developers had issued an official statement on the allegation.
  • SHIB was trading at $0.0000005481, down 0.06% over 24 hours, with market capitalization at $3.22 billion and 24-hour volume at $147.76 million.
  • Shiba Inu’s documented roadmap remains focused on Shibarium, ShibaSwap upgrades, BONE and TREAT development, and Shib Alpha Layer, rather than a blockchain migration.
Shiba Inu Scam Warning: Commentator Rejects Fake Claim of Blockchain Migration and ShibaSwap Rebuild

A claim that Shiba Inu could abandon its current blockchain and rebuild ShibaSwap on new infrastructure has triggered scam warnings within the community, while SHIB trades slightly lower.

Migration Claim Rejected as Fake

The controversy began after X user RuggRat suggested that Shiba Inu could be abandoning its existing roadmap and moving to another blockchain. The claim also proposed rebuilding ShibaSwap from the ground up under different underlying infrastructure.

The allegation was publicly rejected by longtime Shiba Inu commentator Mazrael, who described the claim as fake and said the accounts promoting it have no connection to Shibarium or ShibaSwap. Mazrael also warned that similar accounts have previously circulated false migration information through Telegram.

False migration claims are a recurring scam format across crypto projects, where fraudulent pages and accounts typically push holders toward wallet connections or token 'migration' steps that can compromise their funds. The warning is particularly relevant to users who may encounter messages encouraging them to interact with their wallets or transfer funds based on unverified claims. As of publishing, there was no official statement from the Shiba Inu team addressing the allegation.

SHIB Price Today

SHIB was trading at $0.0000005481, down 0.06% over the previous 24 hours, according to the latest data provided. The token's market capitalization stood at $3.22 billion, representing a 0.28% increase, while 24-hour trading volume rose 29.61% to $147.76 million. (Source: CoinMarketCap data)

Circulating supply remained at 589.23 trillion SHIB, with the token held across approximately 3.07 million wallets. The relatively small price movement means the main development surrounding Shiba Inu today is the disputed migration claim rather than a significant change in SHIB's market performance.

What Shiba Inu's Roadmap Actually Includes

Shiba Inu's documented development roadmap remains centered on its existing ecosystem, including Shibarium, the project's Layer-2 network built to scale activity on top of Ethereum, as well as upgrades to ShibaSwap, the ecosystem's native decentralized exchange, and continued development around the BONE and TREAT tokens. BONE functions as the gas token for transactions on Shibarium, tying the token's utility directly to activity on the existing network. The roadmap has also included Shib Alpha Layer, a Layer-3 initiative incorporating privacy-focused FHE technology.

These developments do not indicate that Shiba Inu is abandoning its current blockchain or rebuilding ShibaSwap on entirely new infrastructure — a distinction central to the dispute. The alleged migration described by RuggRat does not correspond with the roadmap outlined for the Shiba Inu ecosystem in the information provided.

Community Reaction to the SHIB Scam Claims

Community reaction has generally focused on questioning the credibility of the migration allegation rather than treating it as evidence of a change in Shiba Inu's development direction. The episode has also renewed concerns about how quickly unverified information can circulate through social media and messaging platforms.

According to Mazrael's warning, accounts without an established connection to Shibarium or ShibaSwap have previously promoted similar migration narratives through Telegram. Some community members have also called for clearer official communication to reduce confusion when claims involving wallets, migration procedures or changes to the project's infrastructure emerge.

What Happens Next for Shiba Inu

As of the time of writing, neither the Shiba Inu team nor Shibarium developers had issued an official statement directly addressing the migration allegation. The claim therefore does not change the reported status of Shiba Inu wallets, staking or application functionality.

Separately, Shiba Inu has received a genuine development this week: SHIB was confirmed among the first six assets supported by Nomura-backed Laser Digital Japan — the Japanese arm of the investment bank's digital-assets business — following its exchange registration. That development represents a separate event from the disputed migration claim and should not be confused with the unverified reports circulating online.

For SHIB users, the key consideration is to verify migration or infrastructure-related information through official Shiba Inu channels before taking any action. Particular caution is warranted when a message requests wallet interaction or the transfer of funds.

Conclusion

The claim that Shiba Inu is abandoning its current blockchain and rebuilding ShibaSwap on new infrastructure has been rejected by longtime community commentator Mazrael, who characterized the reports as fake and warned about accounts with no ties to Shibarium or ShibaSwap.

Meanwhile, SHIB was trading at $0.0000005481, with its price down 0.06% over 24 hours. The project has also had a separate development involving support from Laser Digital Japan.

For now, the reported information does not indicate a change to Shiba Inu's existing roadmap. Users should rely on verified project communications rather than unconfirmed migration claims when making decisions involving their wallets or funds.

Writer: Barland Vex, Crypto Market Analyst & Onchain Writer.