Calcium (CAL), the puppet token created by the Shiba Inu team as part of its plan to abandon the BONE token contract, was released by developers on Friday. More than 50% of its supply was claimed by bots shortly after going live as part of the planned move, and these tokens are already available on the ShibaSwap decentralized exchange (DEX).
Traders bought tokens hoping to make money quickly but ended up losing money. Some Shiba Inu community members have warned against purchasing tokens because they are not intended to be investable assets.
However, a group of community members at a loss used their CAL tokens to create a new trading pair on Uniswap and it quickly found over 1,400 holders in less than 12 hours. Participants in this new trading pair said they are “tired of Shiba Inu promises” and intend to turn Calcium into a real project.
On Uniswap DEX, CAL has reached $4 million in volume and accumulated $164,000 in liquidity. According to data from DeXTools, in just 11 hours since its launch, CAL has increased to $0.014, marking a 330% increase.
Shiba Inu’s developers said:
“This token was created solely for the specific purpose of minting and abandoning BONE. Please do not trade this token as it will not have any value or demand in the future.”
Developer Kaal Dhairya wrote at the time:
“If someone is selling this, consider this a scam.”
