The Shiba Inu Ecosystem’s (SHIB) most anticipated vehicle, Shibarium, will be released shortly, according to the statements. Additionally, SHIB has reached the new community milestone. Experts estimate that these developments will positively affect the price of the meme coin.
Shibarium will be launched soon, will they raise the SHIB price?
According to the blog, Shibarium Private Alpha TestNet was launched in the developer team. The merger was done to provide the necessary support tools prior to the public release of Beta TestNet, he said. He added that the tool has been working properly for several weeks.
The release found that the most anticipated vehicle has evolved as it is built on solid, battle-tested technology with xFUND. He also said it is based on Oracle of Oracles (OoO). According to experts, it will play an important role in Network and AMM.
According to the publication, the Shibarium Public Beta TestNet is expected to be released in the third quarter of this year. Point out that the FUND TestNet update will conflict with this. This update will include the much anticipated IBC / Gravity / wFUND updates. However, it will allow interested parties to interact with the network. The merger highlights that the validator community is already in the start-up and updating phase.
Shiba Inu price
Since the announcement, Shiba Inu prices have risen by more than 7%. SHIB is trading at an average price of $ 0.000011 at press time. The 24-hour trading volume increased 10% to reach $ 804 million. However, SHIB is still the second largest meme cryptocurrency with a market cap of around $ 6 billion.
The tool under development will allow the user to make transfers between L1 and L2 asset transfers. By the way, this process will generate wFUND.
Shiba Inu reaches a new milestone for the community
Shiba Inu has reportedly added over 1,064 new owners to Shibarmy. After this addition, the total number now stands at 1,989,215. Meanwhile, SHIB holders have sent over 80 million Shiba Inu tokens to a dead wallet.
cryptocurrency.com As reported, the total amount of SHIB holders is on the rise, according to a recent report. It’s approaching two million, hitting an all-time high so far. According to the source, the total number added 1,064 new SHIB users in the past hour.
The number of SHIB holders continues to increase
According to data shared by a Twitter account, the number of wallets holding SHIB continues to increase. According to the tweet, the total number of SHIB holders so far is 1,989,215. This marks an increase of nearly one million in a single week from 1,182,817.
According to experts, this is a sign that long-term interest in the digital asset remains stable. It also shows that the second most popular meme token has risen despite the recent huge price drop.
SHIB returns as the largest whale company
According to the WhaleStats website, which tracks the top 100 wallets on various blockchains, including Ethereum and BNB Blockchain, SHIB is now again the largest token by USD value.
Ethereum’s Shiba Inu whale assets have risen above the $ 500 million level. At the time of writing, the whales hold $ 525,200,856 worth of SHIB. This represents 48,674,778,127,896 Shiba Inu and 13.55% of the whale portfolio.
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