Shiba Inu Developer Hints At Finalizing Shibarium Beta Launch

Varinder Singh
January 24, 2023
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SHIB Burn Jumps 10,109% As Top Crypto Exchange Sends Millions To Burn Address

Shiba Inu community’s confidence in the ecosystem and lead developers are rising as they await the Shibarium Beta launch. Telegram messages by developer Shytoshi Kusama and the Unification blockchain team indicate an increase in development activity as the anticipated launch of Shiba Inu’s Layer-2 blockchain solution Shibarium comes near.

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Development Activity Rises As Shibarium Beta Launch Approaches

Ringoshi Toitsu, operator of FUND validator on the Unification blockchain, in a tweet on January 24 revealed Unification official Telegram messages by Shiba Inu’s lead developer Shytoshi Kusama.

As per the Telegram messages, Shytoshi Kusama points to Shibarium and Unification as the key to the future of the Shiba Inu ecosystem. Recently, Shytoshi Kusama met with the Unification team for aligning, onboarding, and finalizing Shibarium.

“It’s not a coincidence RYOSHI created a partnership with #Unification & SHYTOSHI continued his wishes. Data is the NEW OIL, & UNIFICATION operates both the extraction, & refining services of #SHIBARIUM data.”

Further, Shiba Inu Telegram group admin Xanders Shib reported an increase in development activity as developers are working to finalize the Shibarium Beta launch.

ShibArmy anticipates the Shibarium Beta launch on February 14, Valentine’s Day. Shytoshi Kusama changed his Twitter bio dropping hints at the Shibarium Beta launch on Valentine’s Day. Meanwhile, Shiba Inu and BONE tokens attract whale accumulation, the SHIB burn rate has increased, and social sentiment hit an all-time high.

According to the on-chain data platform IntoTheBlock, Shiba Inu is bullish amid the rise in social sentiment. Moreover, 80% of the circulating supply is held by whales.

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SHIB and BONE Awaits Massive Momentum

Shiba Inu (SHIB) price is currently trading at $0.00001211, up 1% in the last 24 hours. The 24-hour low and high are $0.00001192 and $0.00001219, respectively. However, the trading volume has declined ahead of the Fed rate hike on February 1.

Meanwhile, Shibarium’s gas token BONE is trading at $1.40. The BONE is trading sideways in the last 24 hours. The community is confident over massive upside momentum in SHIB and BONE prices near the Shibarium Beta launch.

Also Read: Reasons Why Bitcoin (BTC) Price Rally Is Likely Over

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.

About Author
About Author
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
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.