24/7 Cryptocurrency News

Shiba Inu Community Unveils Key Upgrade To Boost Shibarium Transactions & SHIB Burn

Shiba Inu's team member LUCIE illuminates key details for the Shibarium P2E upgrade revolutionizing transactions and SHIB burn with Shiboshi utility.
Published by
Shiba Inu Community Unveils Key Upgrade To Boost Shibarium Transactions & SHIB Burn

Highlights

  • Shiba Inu's LUCIE unveils key upgrade for shibarium.
  • Shiboshi utility eyes seamsless transactions and SHIB burn.
  • Shiba Inu price soars.

Amidst a flurry of advancements witnessed across the Shiba Inu ecosystem recently, LUCIE, a prominent member of Shiba Inu’s community, garnered noteworthy attention to the community’s recent plans to facilitate SHEboshi, an ERRC-404 token that jacks up Shiboshi. Aligning with the post shared by LUCIE on X today, February 16, the community member also illuminated a key upgrade for Shibarium, Shiba Inu’s L2. The new Shiboshi utility on Shibarium was much sought by the Shiba Inu ecosystem’s members and is now poised to revolutionize Shibarium.

Furthermore, as per LUCIE’s post, whales holding Shiba Inu ecosystem tokens and Shiboshi holders are also poised to benefit considerably. Meanwhile, Shiba Inu’s price traded in the green, mirroring the community’s advancements. The derivatives data for the meme coin further showcased a bullish sentiment in the broader crypto market as of press time, hinting toward an uptrend.

Advertisement

Shibarium Gears Up As SHEboshi Looms

LUCIE’s post states, “Shiboshi hasn’t even started yet.” Moreover, the community plans to integrate a P2E (Play-2-Earn) game into Shirbarium, driving transactions along with SHIB burns. This further propels optimism in the market, reving up Shiba Inu’s cryptographic venture, and placing Shibarium as a pioneer in L2s.

As of late December, the previous year, Lucie highlighted the Shiboshi utility on Shibarium, ruling out key features with the launch in 2024. These features included the distribution of ‘Treat’- Shiba Inu ecosystem’s reward token, access to a variety of features, integration of NFTs on Shibarium, and many others. With the integration now actually coming into play, the community hopes to aid SHIB’s tokenomics.

In the interim, LUCIE also drew attention to whales and Shiboshi holders who accumulated all this time. Intriguingly, in its latest version of the Shib magazine, the community highlighted that Shiboshi holders can claim SHEboshis for free. However, it remains subject to how many Shiboshi the holder has and the duration for which it has been held.

Moreover, looking at the community’s advancement as a whole, Shiba Inu ecosystem tokens BONE, LEASH, and SHIB whale holders are also staged to gain considerable benefits. While it still marks as just the “beginning,” as per LUCIE, the community also proclaimed that it would rule out noteworthy announcements shortly after SHEboshi’s claiming process commences around the weekend.

Shiba Inu’s price further mirrored optimism for the community’s advancements, trading in the green as of press time.

Also Read: Core Developer Flags Liability Concerns in LUNC Proposal 12059

Advertisement

Shiba Inu Price Soars

As of writing, the Shiba Inu price noted an uptick of 1.59% over the past 24 hours and is currently trading at $0.000009962. The meme coin appears to be gradually moving towards the $0.00001 mark, piquing the interest of crypto market traders and investors.

The derivatives data offered by Coinglass portrayed a surge of 4.96% in SHIB’s open interest, hinting at a bullish climate when aligned with the price surge witnessed by Shiba Inu.

Also Read: Livepeer (LPT) Price Rally 60% & SingularityNET (AGIX) 30%, Here’s Why

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Trump-Backed World Liberty (WLFI) Plans RWA Tokenization Paired with USD1 Stablecoin

Trump Family's World Liberty Financial has unveiled big real-world asset (RWA) tokenization plans on Wednesday,…

October 1, 2025
  • 24/7 Cryptocurrency News

Stripe Eyes U.S. Banking Charter, Pioneers One-Click Stablecoin Issuance for Firms

Fintech giant Stripe has unveiled a suite of tools to enable businesses to tap into…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: Metaplanet Expands Treasury With 5,268 BTC Purchase, Climbs to 4th Largest Holder

Metaplanet has expanded its Bitcoin portfolio with another purchase. The Tokyo-listed firm is now the…

October 1, 2025
  • Bitcoin News

BREAKING: Nasdaq Files with US SEC to List BlackRock Bitcoin Premium Income ETF

Nasdaq has officially filed to list and trade BlackRock iShares Bitcoin Premium Income ETF with…

October 1, 2025
  • 24/7 Cryptocurrency News

Mr Beast, Whales Buy ASTER Token Amid 20% Crash, What’s Next?

While the ASTER token has crashed 20% in the last 24 hours, to test the…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: U.S. Government Shuts Down After Congress Fails to Pass Funding Bill

The U.S government has entered its first shutdown since 2019 after lawmakers failed to reach…

October 1, 2025