The official X account of Shiba Inu (SHIB), which commands an audience of 3.8 million followers, has abruptly deviated from its usual focus on the SHIB ecosystem to aggressively promote low-cap meme tokens. This unusual activity, observed on July 10, 2026, has raised serious concerns among the crypto community.
In a reply to another post, the SHIB account claimed a new frog-themed token was "better than PEPE," even including the micro-token's smart contract address. Shortly thereafter, a second promotional reply endorsed a third-party meme coin launchpad and its native token, wrapped in grandiose language about a "mission to save meme culture."
The incident highlights three potential scenarios: a legitimate but unusual commercial agreement, personal monetization by individuals with account access, or a security breach. The inclusion of contract addresses and encouragement to buy are classic signs of a hacker attack. As of publication, no statement has been made by lead developer Shytoshi Kusama or the official team.
Investors are urged to avoid interacting with links shared from the account until the situation is clarified.
