Shiba Inu Holders Warned Over Fake Migration Scam on Telegram

Shiba Inu holders are facing another security warning as a fake token migration campaign spreads through Telegram. Community advisor Mazrael warned SHIB holders about a scammer creating or promoting a Telegram group claiming an official Shiba Inu migration was taking place.

Mazrael rejected the claim and clarified that the account associated with the group has no connection to ShibaSwap or Shibarium. There is currently no official Shiba Inu migration underway, and investors should treat unexpected migration announcements with extreme caution.

CryptoQuant data shows a sharp decline in SHIB exchange inflows, falling more than 82% during a recent 24-hour period. Meanwhile, SHIB was trading at $0.0000004439, representing a 0.13% gain over the past 24 hours, with a market capitalization of approximately $2.61 billion and 24-hour volume reaching $54.09 million.

The combination of falling exchange inflows and relatively stable exchange reserves could indicate that some holders are choosing to keep their tokens rather than actively move them toward exchanges.