🚨Another Crypto SCAM? First #WazirX, Now #Shardeum 💀 @Nis
Ihtisham_Ul Haq
Updated at: 5 hours ago
{"content":"🚨Another Crypto SCAM? First #WazirX, Now #Shardeum 💀
@NischalShetty is back with another disaster — and this time it's Shardeum $SHM
Just like $WRX, now $SHM is bleeding investors dry.
Let’s break it down 👇
🔻 ICO investors: -88.56%
🔻 Seed investors: -87.13%
🔻 Strategic Round: -89.70%
🔻 After 2–3 years of farming… most people got just $10–$30 worth of tokens.
→ All this while it got listed on KuCoin, Bitget, MEXC, etc.
Remember back in 2022?
They said #SHM would be a "trillion-dollar smart contract platform" 😂
Now it’s barely holding at $0.106 after raising millions.
Seed Round (2022):
• Price: $0.80 | Raised: $18.2M
• Investors: Jane Street, Spartan, Foresight Ventures
• Current value: down 80%!
Strategic Round (2023):
• Price: $1.00 | Raised: $5.4M
• Now worth: Pennies...
Public ICO (2025):
• Price: $0.90
• Current: $0.106 🔻
TOTAL SUPPLY: 508M SHM
- Circulating at launch: 81.3M SHM
- Current price: ~90% DROP!
🤯 Founders dumped early. Ecosystem & team got full unlock at launch.
Meanwhile, early backers got crumbs.
👉 How long will this pattern go unnoticed?
First WazirX rug, now Shardeum dump — all under the same founder 👀
Nischal Shetty has FAILED the Web3 community.
From empty promises to investor losses, it’s all adding up now.
Crypto never forgets.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/20/d2cca4653d1d4dc294b6308102af9997.png","https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/20/8f90646348b641a0822f13972e8426e7.png"],"tags":[],"tradingPairs":[],"quotearticleid":0}