Crypto Token Scam Checker
Check Token Legitimacy
There’s a crypto token called Shytoshi Kusama (SHY) floating around online that claims to be backed by the creator of Shiba Inu. It sounds exciting-until you dig a little deeper. The name "Shytoshi Kusama" isn’t real. There’s no such person. And the project using that name is one of dozens of low-effort, high-hype tokens trying to ride the coattails of bigger names in crypto.
Who is Shytoshi Kusama?
Short answer: nobody.
The real creator of Shiba Inu (SHIB) goes by the pseudonym "Ryoshi"-and has never shown up in public, never given interviews, and never claimed any connection to a token called SHY. The name "Shytoshi Kusama" is a fake. It’s a made-up alias designed to trick people into thinking this token has official ties to the Shiba Inu ecosystem. That’s not just misleading-it’s a red flag.
Shiba Inu’s official team has never mentioned SHY. No tweet. No blog post. No Discord message. Not even a silent like. Meanwhile, SHY’s website and social media profiles keep repeating the same lie: "Backed by Shytoshi Kusama, CEO and co-founder of Shiba Inu." That’s not a claim. It’s a scam tactic.
What is SHY coin anyway?
SHY is a token built on the Solana blockchain. That means it’s cheap to create, fast to trade, and easy to copy. It has no real utility. No game. No app. No team. No roadmap beyond vague promises about a "card-based game" that no one has ever seen.
Its total supply is 1 billion tokens. The project claims that 500 million were burned-cutting supply in half to make it scarcer. But there’s no public proof of that burn. No on-chain transaction you can verify. No wallet address linked to the burn. If it happened, it’s hidden. If it didn’t, then the whole story is fiction.
As of late 2023, SHY’s market cap hovered around $1 million. That’s less than 0.0001% of the entire crypto market. For comparison, Axie Infinity’s AXS token has a market cap over $500 million. Even BONE, a legitimate Shiba Inu ecosystem token, trades at over $190 million. SHY is a speck on the radar.
Where can you buy SHY?
You won’t find SHY on Binance, Coinbase, or Kraken. You’ll only find it on decentralized exchanges like Raydium and XT.com. That’s normal for tiny tokens-but it’s also a warning sign.
On Raydium, SHY trades against SOL (Solana’s native coin). On XT, it trades against USDT. The prices vary wildly between them. One exchange says $0.0019, another says $0.0013. That kind of inconsistency usually means low liquidity and high manipulation risk. If you try to buy a large amount, your order could tank the price instantly. You might pay 30% more than you expected-or worse, get stuck with tokens you can’t sell.
There’s no official wallet. No app. No customer support. If something goes wrong, you’re on your own. No one’s answering emails. No GitHub repo shows code updates. No Twitter account with real developer activity. Just a few paid influencers posting memes and saying "100x incoming."
Why does SHY even exist?
It exists because someone figured out how to profit from hype.
Low-cap meme coins like SHY are designed for one thing: pump and dump. A small group buys the token early. They spread lies about "official backing." They pay influencers to post fake testimonials. They create buzz on Reddit and Telegram. Prices rise. Then they sell. And you’re left holding the bag.
Blockchain security firm CertiK has documented this pattern dozens of times. Tokens that falsely claim ties to Shiba Inu, Dogecoin, or Pepe are almost always scams. The SEC has taken action against at least 17 such tokens in 2023 alone. SHY fits the profile perfectly.
And the data backs it up. CoinCodex predicts SHY will drop nearly 25% by late 2025. CoinGecko shows it’s underperforming the broader market. And the community? Almost nonexistent. There are zero active threads about SHY on r/CryptoCurrency. No meaningful Twitter conversations. No Discord groups with more than a few hundred members.
How does SHY compare to real gaming tokens?
SHY claims to be a "gaming token." But it doesn’t power any game. It doesn’t reward players. It doesn’t integrate with any platform. It’s just a token with a buzzword slapped on it.
Compare that to real gaming tokens:
- Axie Infinity (AXS) - Powers a playable NFT game with over 2 million monthly players.
- The Sandbox (SAND) - Lets users build, own, and monetize virtual worlds.
- BONE - Officially part of the Shiba Inu ecosystem, used for governance and staking.
SHY has none of that. No gameplay. No economy. No users. Just a name that sounds like it belongs to something bigger.
Should you invest in SHY?
If you’re looking for a long-term investment, the answer is no.
If you’re looking to gamble on a token with no real value, no team, and a fake backstory-then maybe. But don’t call it investing. Call it gambling. And know this: the odds are stacked against you.
University of California research found that tokens falsely claiming ties to established projects have a 92.7% failure rate within a year. SHY isn’t an exception. It’s the rule.
Even if the price spikes tomorrow, it’ll likely crash within weeks. There’s no foundation to hold it up. No product. No community. No future.
And if you lose money on it? Don’t expect help. No one’s accountable. No refund. No recourse. You bought a piece of fiction.
What should you do instead?
If you like the idea of gaming tokens, look at projects with real traction: AXS, SAND, IMX, or even BONE. Check their GitHub. Read their whitepapers. See if they have active developers posting updates. Join their Discord. Talk to real users.
If you’re drawn to meme coins, stick with the big ones-like DOGE or SHIB-where the community is real, the history is public, and the risks are at least known.
And if you see a token named after someone who doesn’t exist? Walk away. Don’t click. Don’t buy. Don’t even look twice.
Crypto is full of noise. Most of it is designed to distract you from the truth: if it sounds too good to be true, it is. And if it’s built on a lie, it won’t last.
Evan Koehne
November 3, 2025 AT 08:35Shytoshi Kusama? More like Shy-TOSHI-KUSAMA-NOBODY-EXISTS-AND-YOU-just-got-rug-pulled.
It’s not a scam, it’s a performance art piece about gullibility.
And we’re all the audience.
Bravo, fraudsters.
Bravo.
Vipul dhingra
November 4, 2025 AT 02:09people still fall for this nonsense its insane
if you cant tell its fake then you shouldnt be investing in anything
crypto is not for the lazy
stop blaming the market
you made the choice
and now you cry when you lose
grow up
Jacque Hustead
November 5, 2025 AT 13:33I appreciate how clearly this was laid out.
It’s easy to get swept up in the hype, especially when you’re new.
But when someone spells out the red flags like this - no fake CEOs, no real utility, no transparency - it’s hard to ignore.
Thanks for cutting through the noise.
Robert Bailey
November 6, 2025 AT 19:12lol i saw a guy on tiktok say he made 10k off SHY in 3 days
then posted a pic of his cat with a sign that said ‘i’m rich’
he’s probably still waiting for his next 100x
good luck buddy 😄
Wendy Pickard
November 8, 2025 AT 17:32I’ve seen this pattern before.
It’s not just SHY.
It’s the same script: fake name, fake backing, fake burn, fake promises.
People want to believe there’s a shortcut.
But crypto doesn’t work that way.
And it’s sad to watch.
Jeana Albert
November 9, 2025 AT 09:46WHY DO PEOPLE KEEP FALLING FOR THIS?!
THEY MADE UP A NAME AND YOU BELIEVE IT?!
IT’S NOT A COIN, IT’S A MEME WRAPPED IN A LIE
AND YOU’RE STILL BUYING IT?!
YOU’RE NOT INVESTING, YOU’RE DONATING TO A SCAMMER’S LUXURY CAR FUND
WHY ARE YOU LIKE THIS?!
WHY?!?!?
Natalie Nanee
November 9, 2025 AT 14:52It’s disgusting how people treat crypto like a casino and then act shocked when they lose.
There’s no excuse for not doing basic research.
If your due diligence is scrolling through a Telegram group full of bots, you deserve to lose.
And yes, I’m calling you out.
You know who you are.
Angie McRoberts
November 10, 2025 AT 09:56It’s funny how the same people who scream ‘decentralization!’ are the first to believe a token is legit because some guy named ‘Shytoshi’ supposedly runs it.
Irony is a beautiful thing.
Anyway, I’m just here to watch the fireworks.
They’re entertaining.
Chris Hollis
November 11, 2025 AT 16:16Market cap under a million?
No team?
No code updates?
Zero community engagement?
And you want me to care?
It’s not even worth the bandwidth to hate on it.
Just let it die quietly.
Diana Smarandache
November 13, 2025 AT 07:30It is imperative to underscore the gravity of deceptive practices within the cryptocurrency ecosystem. The deliberate fabrication of identity and institutional affiliation constitutes a material breach of fiduciary trust and regulatory norms. This is not mere speculation - it is fraud, and it must be treated as such by both the community and governing authorities.
Allison Doumith
November 14, 2025 AT 02:42you ever think about how much energy goes into making people believe in nothing
like someone sat in a room for weeks writing fake press releases
designing a logo that looks like it was made in paint
and paying influencers $50 to say ‘this is the next shib’
and it’s all for what
a few thousand bucks and a 3am dopamine hit
and we’re still here
still clicking
still hoping
we’re the product
Scot Henry
November 15, 2025 AT 16:19just saw a guy on twitter say he bought SHY because ‘it sounds like shiba’
bro… it’s literally the same letters with a y
you didn’t even read the title
im impressed
in a sad way
Sunidhi Arakere
November 16, 2025 AT 18:05Very clear explanation.
Easy to understand.
Thank you for sharing.
People should read this before investing.
Vivian Efthimiopoulou
November 17, 2025 AT 18:51There is a profound metaphysical truth embedded in this phenomenon: the human desire to believe in hidden authority - even when it is a phantom - reveals more about our collective psyche than any whitepaper ever could.
We don’t invest in tokens.
We invest in myths.
And myths, by their very nature, are fragile.
They collapse when the light hits them.
And so, SHY shall vanish - not because it was poorly coded, but because it was poorly dreamed.
Angie Martin-Schwarze
November 18, 2025 AT 05:59i swear i saw a post saying SHY is gonna be on coinbase next week
but then i checked and the post was deleted
and now i’m just… confused
like… why do i keep falling for this
i know better
but i still check the price every day
and now i feel guilty
and tired
and sad
why am i like this
Fred Kärblane
November 18, 2025 AT 16:17SHY is a perfect example of a low-liquidity, high-volatility, zero-alpha asset with zero on-chain legitimacy.
It’s not a token - it’s a liquidity trap wrapped in a meme.
Don’t get me wrong, I love a good pump.
But this isn’t a pump.
This is a dumpster fire with a tokenomics slide deck.
Janna Preston
November 19, 2025 AT 17:27So… if there’s no Shytoshi Kusama… who actually made this coin?
Is it just one person?
Or a team?
And why do they care if people think it’s connected to Shiba Inu?
Just curious.
Meagan Wristen
November 20, 2025 AT 02:05It’s wild how a simple name can make people forget to think.
‘Shytoshi Kusama’ sounds like it belongs in a storybook.
But real projects? They don’t need fake names.
They just need real work.
And we owe it to ourselves to look for that.