New York-based advertising company Silvercast Media has confirmed that the viral Shiba Inu Times Square ad was actually a fake.
The media firm says that it is just a rendering on its spectacular billboard located in the heart of Manhattan.
The screen covers a full city block on Broadway from 45th Street to 46th Street, attracting 1.5 million viewers per day.
As reported by U.Today, videos that purportedly show the digital billboard promoting the Shiba Inu cryptocurrency in the middle of Times Square went viral on Twitter on Sunday.
A tweet posted by U.S. Senate candidate Shannon Bray managed to collect over 5,500 likes.
The irony of having $shib on a billboard in Times Square is that it is tough to buy $shib in some exchanges due to NY regulations. But, yes, New Yorkers can be in the #shibarmy too! pic.twitter.com/1HyvlLxteM
— Shannon Bray (@ShannonBrayNC) October 31, 2021
There were multiple other jubilant tweets about the ad with thousands of likes on Twitter.
BREAKING: There's a massive $SHIB billboard in Times Square today!
IT SAYS:
"We will reach the moon soon." ? pic.twitter.com/AeNfAzwyiiAdvertisement— Julia Mcllarth (@juliamcllrath) October 31, 202113 Million RLUSD Ready to Hit Market After Ripple’s Fresh Minting: Details2025 Predicted to Be 'Big Year' for Bitcoin by Pantera Capital Founder$2.1 Billion Worth of Bitcoin Options About to ExpireBitcoin (BTC) at $100,000: What's Next? Dogecoin (DOGE) Failed Miserably, Cardano (ADA) Ready to Dominate?
While meme cryptocurrencies of the likes of Dogecoin and Safemoon were indeed advertised in Times Square earlier this year, the Shiba Inu billboard is not real.
A user on popular gig platform Fiverr offers to add such visual effects for only $15.
In fact, the very same fake Times Square ad promoting Shiba Inu started circulating on Twitter in June.
Yuri Molchan
Gamza Khanzadaev
Dan Burgin
Vladislav Sopov