The popularity of crypto is only increasing as time goes by and while in the past there used to be only a couple of currencies today new ones, such as Panshibi, pop up almost every week. To draw in more investors, they go on presales and always market themselves as the next big thing, but if you want to keep yourself from getting scammed, you shouldn’t take their promises at face value.
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In the case of Panshibi (SHIBI), it’s one of those crypto projects, similar to Dawgz AI ($DAGZ), that rely on the meme-coin trend to bring in investors. However, users who come across its site shouldn’t let themselves be enticed by the colorful design of its site or the bold promises about huge returns on your investment. Coin projects like Panshibi are often nothing but an attempt to rake in money from inexperienced users before the people behind them disappear without a trace.
And since Panshibi has gained a lot of popularity recently, I decided to do some research and see if’s actually a scam. Spoiler alert: it’s almost certainly a scam.
What Is the Panshibi (SHIBI) Scam?
da appeared seemingly out of nowhere in early 2025, promising a community-driven meme coin with lucrative staking rewards. The presale, structured over 60 days, claimed to reward early adopters with the best prices, encouraging users to invest quickly before they “missed out.”
But there’s a major problem: there’s no evidence that this project is legitimate. Instead, everything points to a rug pull—a type of scam where developers hype a project, collect funds, and disappear before anyone realizes what happened.
Key Red Flags
- The contract creator is linked to multiple scam projects.
- Presale ETH is being funneled into phishing wallets instead of a liquidity pool.
- The website (panshibi.com) was registered just 41 days ago, a common sign of a scam.
- There’s no verifiable team behind the project.
- The staking rewards (1,200% APY) are completely unrealistic.
Bottom line: If you’re thinking about investing in Panshibi, don’t.
What If You’ve Already Invested in Panshibi Coin?
If you’ve already bought Panshibi (SHIBI) tokens, it’s possible that your money is gone for good. However, you can still take steps to protect your remaining assets and report the scam to authorities.
Step 1: Lock Down Your Wallet
- Disconnect from the Panshibi website immediately if you’ve connected a MetaMask, Trust Wallet, or other non-custodial wallet.
- Do not interact with the smart contract any further—some scams include hidden code that can drain your funds.
Step 2: Report Panshibi as a Scam
To help prevent more people from falling victim, report Panshibi to the following authorities:
- Internet Crime Complaint Center (IC3)
- Federal Trade Commission (FTC)
- Commodity Futures Trading Commission (CFTC)
- U.S. Securities and Exchange Commission (SEC)
- Europol Cybercrime Reporting
- The exchange you used to send ETH to the presale
Step 3: Monitor Your Wallet for Suspicious Activity
- Check Etherscan for unauthorized transactions linked to your wallet.
- If you notice anything unusual, transfer your remaining funds to a new wallet.
Step 4: Avoid Recovery Scams
- Scammers may contact you claiming they can recover your lost funds.
- Do not trust anyone offering recovery services—they are likely running another scam.
Step 5: Spread the Word
Last but not least, I recommend spreading the word about this sketchy coin. Post your experience on Reddit, Twitter, and scam forums. Warn others before they lose their money too. That is how we can make such scams less common and effective.
How Panshibi Coin Tricks Investors
Crypto scams like Panshibi follow a predictable pattern, using hype, false promises, and misleading tactics to attract victims. Let’s break down how they do it.
The Fake Charity Angle
Panshibi claims to support panda conservation efforts, but there’s no proof of donations or partnerships with real conservation organizations. This mirrors a previous scam called Terkk (2021), which also used a fake animal charity angle to appear legitimate.
- Reality Check: If a crypto project claims to donate to charity but provides no evidence, it’s likely a scam.
Misleading Smart Contract Audits
Panshibi boasts about an audit from Coinsult, but audits mean nothing if the developers are still free to drain investor funds.
- Reality Check: Scammers often pay for meaningless audits to create a false sense of security.
The Presale Money Grab
Investors send ETH to buy SHIBI tokens.
Instead of being locked in a liquidity pool, the ETH is funneled into phishing wallets.
The scammer-controlled wallets are flagged by Etherscan as high-risk phishing addresses.
- Reality Check: If your presale money isn’t secured in a transparent liquidity pool, it’s probably being stolen.
No Real Developers or Team
Panshibi doesn’t list a single team member—no LinkedIn profiles, no GitHub repo, nothing.
- Reality Check: Legit projects always have visible, verifiable team members.
Unrealistic Staking Rewards
Panshibi offers up to 1,200% APY for staking—an absurd number that’s simply not sustainable.
- Reality Check: If a project promises massive guaranteed returns, it’s a Ponzi scheme.
Suspicious Domain Age
The Panshibi website was registered just 41 days ago—a common scam tactic.
Reality Check: Most scam projects use new domains to disappear quickly after stealing funds.
Panshibi Crypto Presale Red Flags
Even without knowing Panshibi’s full history, there are plenty of signs that it’s a scam. Here’s what to look for in future investments:
- No transparency about developers
- Unverified charity claims
- Unrealistic staking rewards
- New website with no history
- Presale funds going to phishing wallets
If a project checks multiple boxes on this list, stay far away.
What to Do If You Suspect a Crypto Scam
If you think you’re dealing with a scam, follow these steps:
- Stop investing immediately. If a presale has no clear end date, it’s a massive red flag.
- Withdraw your funds before it’s too late. If a token ever goes live, sell before the inevitable crash.
- File a scam report with crypto fraud watchdogs and financial authorities.
Last but not least, don’t forget to warn others. Post about it everywhere—Reddit, Twitter, Telegram, and crypto forums. The more people who know, the harder it is for scammers to operate. That’s how we stop these scams.
Final Verdict: Is Panshibi (SHIBI) a Scam?
Panshibi hasn’t officially been declared a scam yet, but the evidence is overwhelming:
- Presale funds are going to phishing wallets.
- The contract creator is linked to past scams.
- The staking rewards are absurdly unrealistic.
- There’s no transparency, no real team, and no security.
- The website is brand new and likely to disappear soon.
If it looks like a scam, smells like a scam, and acts like a scam—it’s a scam.
Thinking about throwing money into Panshibi? Think twice.