PawZone, a newly launched project based on Shiba Inu's Shibarium network, has officially released its native token, PAW. The token was launched on both the popular decentralized exchange (DEX) ShibaSwap and CoinMarketCap (CMC) on March 26. Within just one day of its launch, it attracted over 3,000 holders.
However, soon after the launch of PAW, insider trading accusations surfaced against JD - the founder of PawZone and an active member in the Shiba Inu community. These claims were quickly addressed by JD himself.
In a recent statement to The Crypto Basic team, JD dismissed all allegations of insider trading within his project. He stated that he had no prior knowledge or involvement in any market manipulation activities or pre-sale deals before the official launch.
JD also added that PawZone had followed all necessary procedures for listing PAW tokens on major exchanges such as CMC and ShibaSwap. He further assured investors that his team is committed to maintaining transparency and integrity throughout their operations.
Despite these allegations of insider trading being dispelled by JD himself, it is important for investors to conduct their own research before investing in any crypto projects. As always when investing in cryptocurrencies or any other asset class with high volatility potential risks abound; investors should proceed with caution when making investment decisions.
The release of PAW tokens marks another milestone for the fast-growing Shibarium network ecosystem which continues to gain popularity among crypto enthusiasts worldwide.