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Shiba Inu's newly launched layer-2 blockchain, the Shibarium network, has achieved a significant milestone, surpassing 1 million wallets. This remarkable feat comes in a meteoric rise since the network's relaunch.
Shiba Inu's layer two (L2) scaling endeavor, Shibarium, has successfully crossed the 1 million wallet threshold since its inception, as evidenced by data from shibariumscan.io. Yet, the project's native token, SHIB, has seen a decline of over 4% in the past week and a substantial drop of more than 18% in the previous month.
The success of the Shibarium blockchain so far has led to Shiba Inu whale activity rising once more. These whales have been making large transfers carrying trillions of SHIB tokens worth tens of millions of dollars.
Significant SHIB transfers have occurred, with 4,642,530,677,374 SHIB (equivalent to $38,057,145) recently moved from undisclosed wallets, according to Whale Alert.
With the increasing popularity of cryptocurrencies comes a risk that concerns all in the crypto space: phishing scams.
The market is trading sideways on the first day of the week.
This massive transaction ignited discussions within the crypto community about the mysterious recipient.
On September 4th, the cryptocurrency community experienced a jolt as a rug pull incident unfolded in the Shibarium ecosystem.
Robinhood becomes the 5th largest Shiba Inu custodian as Shibarium hits a new milestone.
Amid the increasing selling pressure in the crypto market, the Shiba Inu has been in a falling trajectory since last week. From the last swing high of $0.0000086, the meme coin's mark value dropped 9.55% to currently trade at $0.00000769.
The official marketing expert of the Shiba Inu team, @LucieSHIB, published a post on the X app (previously Twitter) to stress certain features of Shibarium and draw the SHIB community's attention to them.
In a development that has garnered the attention of SHIB enthusiasts, trillions of Shiba Inu tokens have once again been observed in motion, according to the WhaleAlert tracker. This follows a significant withdrawal of SHIB tokens from the Bitvavo exchange just 24 hours earlier.
Kaal Dhairya, one of the key developers behind Shibarium, has revealed a series of significant upgrades aimed at bolstering the network's capabilities while appreciating the community's efforts to adopt the protocol.
Whales are actively trading meme coin Shiba Inu (SHIB) and BONE tokens after the Shibarium was relaunched recently. Shiba Inu lead developer Shytoshi Kusama promises to scale Shibarium by 1500% and improve its security and utility.
The Shibarium rugpull incident exposes the vulnerability of meme coin ecosystems, with consequences for Shiba Inu and investor sentiment.
Bitcoin continued to hold steady Monday after losing the $26,000 mark last Thursday. This drop came despite the price surging by just over 7% last Tuesday on the back of the Grayscale-fueled hype.
The crypto space is no stranger to impassioned debates, but a recent Twitter exchange has ignited a firestorm. A Cardano community member expressed astonishment that meme coins like Dogecoin and Shiba Inu are often placed in the same league as Cardano.
With Shibarium, the Ethereum-based Layer 2 scaling solution from the Shiba Inu team now fully functional, a whole new series of updates are now being teased by core team members. The latest update shared over the weekend featured the next plans for Bone Shibaswap (BONE), the official token of the scaling solution.
Shiba Inu remains under pressure, losing 32% in August 2023 alone. SHIB may slip to record new lows if bears press on
Shibarium's total number of wallets crossed the 1 million mark. However, Shiba Inu ecosystem tokens like SHIB and BONE continue to witness price corrections.
The newly launched Shiba Inu (CRYPTO: SHIB) layer-2 blockchain network, Shibarium, surpassed one million wallet mark on Sunday. What Happened: This comes two weeks after the network's initial launch, following a relaunch on August 28.
In a remarkable turn of events, Shiba Inu's Shibarium protocol celebrated its one-week anniversary by achieving a staggering milestone. In just seven days since its launch, the protocol has not only attracted millions of dollars but also millions of users.
The number of Shibarium wallets has surpassed one million unique addresses, while the prices of Shiba Inu (SHIB) and Bone ShibaSwap (BONE) have slipped notably.
