Shiba Inu Launches ShibDAO, Initiates Rug Pull Investigation

Shiba Inu’s Shibarium team has initiated an internal investigation into suspected rug pulls, addressing growing concerns within the crypto community. This move aims to restore confidence as the ecosystem grapples with multiple instances of scams and misinformation. The investigation was disclosed by Davinci.Shib, a core contributor to Shibarium, on the social media platform X. He highlighted the urgent need to safeguard the integrity of the Shibarium network, noting that certain entities within the network have been profiting off the system while simultaneously discrediting it. These groups operate under a veil of criticism while extracting value from the infrastructure they undermine.

Davinci.Shib stated that the development team intends to publish any verified findings. However, if evidence remains inconclusive, they will refrain from further action. The emphasis is on maintaining transparency while avoiding misinformation. These developments come after increasing warnings from within the Shiba Inu community about malicious actors. Shiba Inu’s marketing lead, Lucie, has recently cautioned users regarding the rising number of scam attempts targeting the community. She advised users to be careful and verify their sources through the official site, emphasizing the prevalence of scammers and the rapid spread of misinformation.

While developers tackle internal threats, Shiba Inu has taken a significant step toward decentralization. On May 29, the ecosystem officially launched ShibDAO, a community-driven governance framework that empowers users to vote on critical upgrades and proposals. ShibDAO introduces a tiered governance model that distributes responsibilities across four key DAOs: SHIB DAO will oversee community initiatives, BONE DAO will guide protocol development, LEASH DAO will mediate internal disputes, and TREAT DAO will fund dApp innovation and ecosystem growth. The DAO also enables the formation of smaller sub-DAOs, allowing community members to claim a Shib Name (SNS) and establish self-governing groups that can focus on niche areas such as art, DeFi, or public goods.

Simultaneously, this launch coincided with Bury 2.0, a revamped staking system that allows users to lock SHIB, BONE, LEASH, and TREAT tokens to earn voting power. The longer and larger the stake, the more influence a holder gains within the ecosystem. The combined launch of ShibDAO and Bury 2.0 signals Shiba Inu’s evolving ambition—shifting from a meme token to a structured, utility-rich Web3 platform that is governed by its community and built for long-term sustainability. The ongoing investigation into rug pulls and the introduction of ShibDAO reflect Shiba Inu’s commitment to fostering a safer, more engaging ecosystem. As the community responds to these challenges, the integration of governance features and staking capabilities positions Shiba Inu for future growth and resilience.