What is Shytoshi Kusama (SHY) crypto coin? Facts, risks, and why it's not connected to Shiba Inu
Jun, 26 2025
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There’s a coin called Shytoshi Kusama (SHY) floating around crypto forums and decentralized exchanges, and it’s making bold claims. It says it’s backed by Shytoshi Kusama - the CEO and co-founder of Shiba Inu. That sounds impressive, right? But here’s the truth: Shytoshi Kusama doesn’t exist. There is no such person. And Shiba Inu’s real creator, known only as Ryoshi, has never been seen, never spoken publicly, and certainly has no connection to this token.
What is SHY coin, really?
SHY is a meme token built on the Solana blockchain. It launched with a total supply of 1 billion tokens. The project claims that Shytoshi Kusama burned 500 million of them - half the supply - to create scarcity. That sounds smart. But if you check the Solana blockchain explorer, there’s no record of that burn. No transaction. No wallet address linked to a founder. Just a story on CoinMarketCap that no one can verify.
Its main pitch? A card-based game that brings blockchain gaming into real life. Sounds cool. But there’s no game. No demo. No whitepaper. No GitHub repo. No team page. Just a website with flashy graphics and a Discord server full of bots and paid promoters. If you’re looking for real blockchain gaming, look at Axie Infinity or The Sandbox. They have millions in market cap, active players, and teams you can actually contact. SHY has none of that.
Why does it pretend to be linked to Shiba Inu?
This is the biggest red flag. Shiba Inu (SHIB) is one of the most popular meme coins, with a community of millions. Its team has never endorsed any project called SHY. They don’t mention it. They don’t retweet it. They don’t even acknowledge it exists. Yet SHY’s entire marketing strategy is built on pretending to be a spin-off - using the name "Shytoshi Kusama" to trick people into thinking it’s official.
This isn’t new. Scammers do this all the time. They copy names, logos, and branding from big projects to steal attention. In 2023, the SEC took action against 17 crypto projects for exactly this kind of false association. SHY fits the pattern perfectly: fake founder, fake connection, fake utility. It’s designed to lure in people who don’t know the difference between a real project and a copycat.
Where can you buy SHY, and how risky is it?
You can buy SHY on decentralized exchanges like Raydium and XT.com, using Solana wallets like Phantom or Solflare. But you won’t find it on Binance, Coinbase, or any major centralized exchange. That’s not an accident. Big exchanges vet projects. They don’t list tokens with no team, no code, and no track record.
Here’s what the numbers say:
- Market cap: around $1 million (as of late 2023)
- 24-hour trading volume: varies wildly - sometimes $8,000, sometimes $500,000
- Price: around $0.0013, but jumps to $0.0019 on some exchanges
That price jump? That’s not demand. That’s manipulation. When trading volume spikes on one exchange but stays low on others, it usually means someone is artificially pumping the price - then dumping it on unsuspecting buyers. This is textbook pump-and-dump behavior.
And the liquidity? Barely there. Order books show almost no depth. If you try to buy $10,000 worth of SHY, you’ll likely get a terrible price - or your order won’t fill at all. That’s not a market. That’s a trap.
What do experts and data say about SHY?
Most crypto analysts ignore SHY because there’s nothing to analyze. No development. No roadmap. No updates. CoinCodex predicts it could drop nearly 25% by the end of 2025. Chainalysis data shows that 68% of tokens like this - low cap, fake claims, no code - disappear within six months. University of California research found that tokens falsely claiming ties to established projects have a 92.7% failure rate in the first year.
Even the community is silent. Search Reddit for "SHY coin" and you’ll find zero meaningful threads. No one’s talking about it. No one’s building on it. No one’s using it. Compare that to BONE, the official Shiba Inu ecosystem token, which has a $200 million market cap and real developer activity. SHY has none of that.
Why do people still buy it?
Because they’re fooled by the name. They see "Shytoshi Kusama" and think, "Oh, this is from the Shiba Inu team." They see a price that went up 20% in a day and think, "This is my chance to get rich." They don’t check the blockchain. They don’t look for a team. They don’t read the fine print.
And that’s exactly what the creators count on. They don’t need you to understand crypto. They just need you to believe the story.
What should you do if you’re considering SHY?
Don’t invest. Not even a little.
If you’re curious about Solana-based meme coins, look at ones with real traction: $BONK, $WIF, or $TURBO. They have active communities, verified teams, and transparent development. SHY has none of that.
If you already bought SHY, don’t fall for the FOMO. Don’t chase it higher. Don’t believe the hype on Twitter or Telegram. The price might spike again - but it will crash harder. And when it does, there’s no one to help you. No customer support. No refund. No recourse.
This isn’t an investment. It’s a gamble with near-certain odds of losing everything.
Is SHY a scam?
It doesn’t have to be labeled a scam to be dangerous. But it ticks every box: fake identity, false association, no utility, low liquidity, and no transparency. The SEC, Chainalysis, and academic researchers all agree: tokens like this are designed to be exited quickly by insiders, leaving retail investors holding worthless tokens.
If you see someone promoting SHY as "the next Shiba Inu," they’re either misinformed - or they’re part of the pump.
Jean Manel
October 30, 2025 AT 06:13This SHY coin is just another crypto dumpster fire. No team, no code, no burn proof - just a name slapped on to ride Shiba’s coattails. People are dumb enough to buy this? Sad.
And don’t even get me started on the Discord bots. I’ve seen more real development in a high school coding club.
William P. Barrett
October 31, 2025 AT 15:46It’s not just about the scam. It’s about what this says about our culture. We’re so hungry for instant wealth that we’ll believe in a ghost CEO named after a meme.
Shytoshi Kusama sounds like a fanfiction character. And yet, people are risking life savings on it.
We’ve normalized delusion as investment strategy. That’s the real tragedy here - not the token, but the mindset that lets it exist.
Cory Munoz
October 31, 2025 AT 19:10I get why people get drawn in. The name sounds legit. The price jumps look exciting. But if you’ve ever been burned by crypto hype, you know how fast these things vanish.
I’m not here to shame anyone. Just… please check the blockchain before you send any SOL.
It’s not about being smart. It’s about being careful. And that’s okay.
Jasmine Neo
October 31, 2025 AT 21:31US citizens are gullible. That’s why this trash even exists. You think the SEC cares? They’re too busy chasing DeFi whales while little guys get fleeced by fake names.
SHY? More like SHIT. And you’re the one holding it.
Stop blaming the scammers - blame your own ignorance. You didn’t even check the burn transaction? Pathetic.
Ron Murphy
November 1, 2025 AT 20:14Interesting how the market still lets this stuff fly. I’ve seen dozens of these copycat tokens on Solana. They all follow the same playbook: fake founder, fake utility, fake hype.
The only difference now is the branding. Back in 2021, they used ‘Dogecoin 2.0’. Now it’s ‘Shytoshi Kusama’. Same game, new name.
It’s not clever. It’s lazy. And it works.
Prateek Kumar Mondal
November 2, 2025 AT 11:03Nick Cooney
November 2, 2025 AT 18:29So… the ‘founder’ is a fictional character named after a meme coin’s anonymous creator? Genius. Truly. I’m impressed by the level of self-awareness here.
Also, the website looks like it was built in 2017 with Wix. But hey, at least the Discord has 12k members. Probably 11k bots.
Anyway, I bought 0.01 SHY just to see how bad it is. Now I feel like I need a shower.
Clarice Coelho Marlière Arruda
November 3, 2025 AT 10:03i just bought some SHY bc my friend said it was gonna 10x… i didnt even read this whole thing lol
is it too late to sell??
Brian Collett
November 3, 2025 AT 21:32Wait - so if Shytoshi Kusama doesn’t exist, who’s the real guy behind SHY? Some guy in a basement in Manila? A DAO of 14-year-olds? A bot farm?
And why does the whitepaper say ‘coming soon’ in every section?
Also, how is this still not delisted from Raydium? The devs must be laughing all the way to the bank.
Allison Andrews
November 4, 2025 AT 13:49I used to think crypto was about decentralization. Now it’s just about who can invent the most convincing lie.
SHY isn’t a project. It’s a psychological experiment. Can you convince people to invest in a ghost?
The answer, apparently, is yes. And that’s scarier than any price drop.
Wayne Overton
November 5, 2025 AT 23:55