News

Shibarium Beta Going Live? Shiba Inu Main Dev Drops Hint

Shytoshi Kusama, Lead developer of Shiba Inu (SHIB) recently changed his twitter bio that fueled speculations around the launch of Shibarium
Published by
Shibarium Beta Going Live? Shiba Inu Main Dev Drops Hint

Shiba Inu Coin News: The release of the Shibarium beta has been the talk of the town since 2022. Some major SHIB community members are wondering whether it will take place this week, or in the next few months. As the lead developer of Shiba Inu, Shytoshi Kusama is dropping continuous and confusing hints. But this time, things are different.

Advertisement

Shytoshi Changed His Twitter Bio

Earlier on Saturday, Shiba Inu lead developer modified his Twitter bio to a simple full stop. Just the mare change fueled speculations surrounding the possible launch of Shibarium, the Beta phase of Shiba Inu’s layer-2 solution.

According to Kuro, one of the members of the Shiba Inu community, Shytoshi has a habit of updating his Twitter bio with a full stop when one of the tasks he is working on comes to an end. Since the L2 blockchain is the most prominent project under development, the SHIB Army believes that the launch of Shibarium could be the reason behind the recent modification.

Advertisement

Shiba Inu (SHIB) Burn Rate Witness The Massive Surge!

At press time, Shibburn, a community-run burn tracker, revealed that the SHIB burn rate had increased by 270.84% in the last 24 hours. In order to reach this number, the community burned more than 10,743,342 Shiba Inu coin. This impressive milestone was attained in six separate transactions.

Shiba Inu price have registered a drop of 6.62% over the past 24 hours. At the time of writing, SHIB exchanged hands at $0.00001234 while maintaining number thirteen in market cap terms. However, its 24-hour trading volume has surged by 25.06% to stand at $273,325,677. Shiba Inu holds a market cap of $6.77 billion.

Meanwhile, the second largest meme coin has turned out to be more profitable than Elon’s favorite Dogecoin (DOGE) in the long run. DOGE price have seen an increase of 7.88% in the last 60 days, while SHIB went on to register a price jump of 48.53% in the same period.

Also Read: Crypto Lending Platform To Support Shibarium And List BONE

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

  • News

Trump Picks SEC Crypto Counsel Michael Selig to Lead CFTC Amid Crypto Oversight Push

Michael Selig is the latest candidate who has been chosen by President Donald Trump to…

October 25, 2025
  • News

First Spot XRP ETF Hits Milestone as CME Flags Institutional Interest

Institutional momentum in XRP is accelerating as the first U.S. spot XRP ETF ($XRPR) reached…

October 25, 2025
  • Price Analysis

Can Hype Price Hit $50 After Robinhood Listing?

HYPE, the native token of the decentralized exchange Hyperliquid, has witnessed a notable price surge…

October 24, 2025
  • News

XRP News: Ripple Unveils ‘Ripple Prime’ After Closing $1.25B Hidden Road Deal

In the latest XRP news, Ripple has introduced 'Ripple Prime,' which it plans to integrate…

October 24, 2025
  • News

Traders Price In Two More Fed Rate Cuts This Year After Soft Inflation Data

Traders are betting on the FOMC to make two more rate cuts this year following…

October 24, 2025
  • News

Crypto.com Joins Ripple in Banking License Bid Amid Industry Push for Market Structure Bill

Crypto.com has submitted an application with the U.S. National Trust Bank Charter. It aims to…

October 24, 2025