whoever launched this, not knowing how much the original $SHDW was a longterm rug, from people who went so woke, they left X
s/o to @jussy_world for calling it out.. there are MUCH better alternatives out there than this one for privacy
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🚨 SHDW (new privacy protocol)
Launched a token, and users funds can't be withdrawn (TL;DR)
• Nov 25 first public tweet
• Jan 3 points system launched
• Jan 4 private trading + transfers go live
• SHDW Wallet (browser extension) launches on mainnet
• Claims: quantum-safe, privacy via obfuscation, x402-compatible, AI-agent friendly
• Jan 8 TGE announced same day, then postponed
• Team later says treasury distribution was misconfigured, contract address never released
• Jan 12 TGE happens anyway, same day as announcement
• Launch FDV ~$760k
• Now trading ~$281k FDV
• Liquidity ~$26k
• ~$2.3M daily volume
Then things got weird...
@SolanaFloor posted:
• Transfers are not private
• Funds deposited for swaps cannot be withdrawn
I tested myself, and really, you can:
→ deposit into their privacy layer
→ execute a swap
You cannot:
→ withdraw funds back out
(UI says “withdrawals coming soon”, team didn't say anything about it before launch)
Meanwhile:
• “Swap powered by Jupiter”
• Partnerships mentioned Raydiu
🚨 $SHDW (@shdwapp) joins the Solana Privacy Hackathon on January 12, bringing its full privacy stack. https://t.co/NDD0gCU1cO
🚨 SHDW (@shdwapp) partners with @Zebeccards to power all Zebec cards through its Privacy x402 layer and teases major partnerships on the way https://t.co/DofaCyWLXW
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