Is Shiba a scam?
Asked about Shiba (SHIBA), market cap rank #6516.
Short answer
Shiba (SHIBA) has been scored on isthiscoinascam.com and has a low score, indicating elevated scam risk based on the available data.
Source: isthiscoinascam.com · Updated 2026-06-07
Red flags raised
- Team is anonymous
- Trading volume is near zero
- Not listed on any high-trust exchange
- Public scam allegations have been raised
- A single wallet holds over 10% of supply
- Slippage modifiable
- Top 10 wallets hold more than 50% of supply
- Top 10 wallets hold more than 70% of supply
- Very low on-chain liquidity
Positive signals
- Strong liquidity and market metrics
- Active community engagement
Security audits
1 audit on record.
- CertiK (2021-05-15) — pass
Team transparency
The Shiba team is anonymous — public identities are not on record.
See the full report
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