Sign Up on MEXC
Shiba Inu on its official Twitter handle announced a special countdown related to the Shiba Inu ecosystem. The team posted a link to a website that shows a countdown timer against a Shiba Inu-themed backdrop, which ends today at 8 PM UTC. Crypto Twitter believes the countdown is related to much awaited layer-2 blockchain solution Shibarium.
Shiba Inu developer and SHIB Defense Team co-lead Shib Trophias in a tweet on December 19 confirmed that the countdown is the first step for Shibarium’s Beta launch. He shared that the first step is to update the main website.
Moreover, the website will be launched in a phased rollout manner and developers will try to make it a smooth roll-out without any issues.
“First thing is to update our main website. It was much needed and this is our first step as we march towards Shibarium’s Beta launch. The whole website will not launch all at once. Phased rollouts will happen and we’ll try to make it as smooth as possible.”
Shiba Inu Selloffs by Whales
The market-wide selloff in the last few months has also impacted Shiba Inu price. Despite the anticipated Shibarium upgrade, whales have been selling SHIB tokens and made millions in profits from massive rallies in 2021.
While selloffs by whales and dormant addresses becoming active and selling SHIB tokens, the community remains hopeful over the layer-2 blockchain solution Shibarium.
While Trophias did not give a specific date, the developer only revealed that the Shibarium Beta would launch soon.
SHIB price jumped over 4% in the last 24 hours, with the current price trading at $0.000008713. The 24-hour low and high are
Bone ShibaSwap (BONE) and Doge Killer (LEASH) Price Rally
Along with SHIB price jump, BONE and LEASH tokens of the Shiba Inu ecosystem saw similar rallies in anticipation of the Shibarium launch. In the last 48 hours, the BONE and LEASH prices increased nearly 30% and 15%, respectively.
At the time of writing, the BONE price is trading at $0.912 and the LEASH price is trading at $323. Analysts believe prices can recover in the short term.
Also Read: Here’s Why Shiba Inu Coin Sees A 10% Jump in Near Future
- Top Investor Forecasts Major Rally for Solana as AUM Climbs to Record $4.1B
- BlackRock Ethereum ETF Sees Record 80,768 ETH Inflow After Huge Sell-Off Week
- Crypto Expert Reveals Why XRPR ETF Launch This Week Could Be A Bigger Deal Than Spot XRP ETF
- Bitcoin News Today: Key Indicator Turns Bearish to Neutral Ahead of Fed Rate Cut Expectations, Court Rejects Trump Appeal
- Bitwise Files S-1 for Avalanche ETF With SEC Following Delaware Registration
- Ethereum Price Prediction As Standard Chartered Says Treasury Buying Will Boost ETH Over Rivals
- Solana Price Prediction: Analyst eyes $1,250 as Galaxy Digital and Forward Industries Intensify Accumulation
- Trump Coin Price at Risk of a 16% Dive as Open Interest, Whale Selling Intensify
- Hype Price Prediction Gains Momentum — Is USHD Launch the Fuel for $72 Target?
- Bitcoin Price Prediction: Q4 Rally Looms as ETF Inflows Hit $642M—Analyst eyes $150K
