BONE Surges 14% As Shibarium Set To Launch This Week

While the rest of the crypto market is still in a bewildered state, Shiba Inu's BONE, a governance token for the upcoming Shibarium layer 2 blockchain, has surged by over 10% in the last 24 hours.  The rally occurred after Shibarium developers announced earlier today the launch of the Shibarium blockchain later this week.

Timeline of Bone-shibaswap, Shiba-inu

Shiba Inu has announced the launch of its Shibarium public beta platform. The platform made the announcement on Twitter, with the same claiming that the beta website will be launched sometime this week.

The anonymous founder of the Shiba Inu crypto, known by the pseudonym Ryoshi, may have been revealed. Coinbase director Conor Grogan found links, discovering that the name “Alameda” on OpenSea is associated with the address of SHIB's creator.

The long wait is over for the Shiba Inu community. The announcement for the public beta of Shibarium was made a few hours ago through the official Twitter account, which encouraged the SHIB army to stay tuned to the official social media for more details.

The head of product business operations at Nasdaq-listed cryptocurrency exchange Coinbase, Conor Grogan, has recently uncovered what appears to be a connection between the creator of the meme-inspired cryptocurrency Shiba Inu ($SHIB), Ryoshi, and Alameda Research, FTX's sister company.

The identity of the Shiba Inu founder and creator has been a source of contention among SHIB holders over the last year. Ryoshi is the founder of Shiba Inu, but little else is known about the unidentified person who invented cryptocurrencies. They maintain anonymity, just like Satoshi Nakamoto, who created Bitcoin.

Shiba Inu's highly anticipated layer-2 scaling solution Shibarium is nearly ready for launch. Shibarium's official Twitter account says the countdown is now on, and liftoff for a beta version of the platform will happen this week.

A popular Shiba Inu (SHIB) developer is warning that some Shibarium crypto projects are exploiting his credibility for their own designs. The developer pseudonymously known as Shytoshi Kusama tells his 900,300 Twitter followers that he will cease following Shibarium projects on social media as it is being misconstrued as a vote of confidence.

Popular meme-based cryptocurrency $SHIB's token burn rate has reportedly surged in the past 24-hour period as the Shiba Inu community impatiently awaits the upcoming launch of the beta version of Shiba's Layer 2 (L2) scaling solution Shibarium. At 3:25 p.m.

Amid the tensions of another market-wide downturn owing to recent developments including the Silvergate fiasco, the Shiba Inu price may continue to experience strong selling pressure in the upcoming weeks. Shiba Inu death cross might also occur in the near future and the near-term price movement may be in danger.

Shiba Inu Coin News: The cumulative meme tokens' cap took a major hit as the biggest crypto like Bitcoin (BTC) and Ethereum (ETH) prices dropped by around 3% over the past 7 days. However, the crypto whales successfully grabbed the buy the dip opportunity to add billions of Shiba Inu Coins.