• Shiba Inu founder Shytoshi Kusama announced the upcoming launch of Shibarium, an L2 scaling solution for the Shiba Inu ecosystem.
• ETH whales accumulated SHIB, putting it in the top 10 ranking of the most held token among 2,000 whales in the last 24 hours.
• Shibarium offers utility, better throughput, and metaverse developments, not to mention games, with a deflationary burning of the token as a crucial part.
On December 29, Shiba Inu founder Shytoshi Kusama announced the upcoming launch of Shibarium, an L2 scaling solution for the Shiba Inu ecosystem. This exciting news was met with a strong response from ETH whales, who accumulated SHIB and put it in the top 10 ranking of the most held token among 2,000 whales in the last 24 hours.
The main objective of Shibarium is to provide the Shiba Inu community a robust ecosystem for them to participate in. It promises utility, better throughput, and metaverse developments, not to mention games. To make sure that the system remains healthy, Shibarium has a deflationary burning of the token as a crucial part. In the past 24 hours, there have been a total of 182,339,090 $SHIB tokens burned and 11 transactions.
The launch of Shibarium has been highly anticipated by the Shiba Inu community, who see it as a major milestone in their journey to distance itself from its memecoin origins. The close implementation of Shibarium brings the SHIB community closer to this goal, and many are wondering what this could bring on the table for SHIB in terms of price improvement.
Only time will tell if Shibarium will be successful in its mission, but in the meantime, members of the community are encouraged to stay informed and up-to-date about all the latest developments.