Watch Out For These 2 Developments: SHIB Is Expected To Explode The Price!

SHIB: According to the statements, the most anticipated vehicle of the Shiba Inu (SHIB) ecosystem, Shibarium, will be released soon. Also, SHIB has reached the new milestone of the community. Experts evaluate that these developments will reflect positively on the price of meme coin.

Shibarium launching soon, will they pump the SHIB price?

According to the blog, Shibarium Private Alpha TestNet has been launched among the team of developers. The merge was done to provide the necessary support tools prior to the public Beta TestNet release, he said. He added that the tool has been running successfully for several weeks.

The release noted that the most anticipated vehicle has evolved as it is built on battle-tested and solid technology with xFUND. He also mentioned that 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 scheduled to be released in Q3 of this year. He stresses that the FUND TestNet upgrade 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 merge highlights that the validator community is already in the startup and upgrade stuff.

Shiba Inu price performance

Since the announcement, Shiba Inu prices have risen more than 7%. SHIB is trading at an average price of $0.000011 at press time. 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 spawn wFUND.

Shiba Inu reaches new community milestone

Shiba Inu has reportedly added over 1,064 new holders on Shibarmy. After this addition, the total number now stands at 1,989,215 strong. Meanwhile, SHIB holders have sent over 80 million Shiba Inu tokens to a dead wallet. As we reported, the total amount of SHIB holders is increasing, according to a recent report. It’s approaching two million, reaching 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 a growth of nearly one million in just one 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 largest holding of whales

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.

Shiba Inu assets of Ethereum whales have risen again above the $ 500 million level. As 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 portfolio of whales.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing site 3 months ago.