Breaking: BONE Price Soars 15% As Shibarium Mainnet Goes Live Again

The Shiba Inu team led by developer Shytoshi Kusama has reopened the Shibarium mainnet after days of reviewing, testing, and tweaking the chain. After Shiba Inu influencers took to X to announce that the Layer-2 blockchain is live again, Shibarium's gas token Bone ShibaSwap (BONE) skyrocketed more than 15% within hours.

Timeline of Bone-shibaswap, Shiba-inu

Shiba Inu team official Lucie has disclosed exciting news as the Shibarium relaunch nears. In a new tweet, Lucie informs followers of the status of Shibarium, revealing that Shiba Inu Layer 2 is officially live and running smoothly in private mode.

Shiba Inu's much-anticipated Shibarium network, a layer-2 solution built on Ethereum, is gearing up for a fresh launch after encountering initial setbacks. The developers are diligently addressing the issues that plagued its debut, with hopes of a smoother second attempt.

Whale Alert has reported that a staggering amount of Shiba Inu meme coins, slightly less than 710 billion SHIB, was withdrawn from major crypto exchange Gemini to anonymous address 0x941b4FdB4b1533Ab2Cc8b90fF0700F658B4Aa642.

Following Shibarium's botched launch, the network's developers promised to provide regular updates as the network put measures in place to scale and handle any substantial amount of traffic. And in his latest update, lead developer Shytoshi Kusama has revealed plans to start implementing the “ShibPaper.

Shiba Inu (CRYPTO: SHIB) has fallen 13.5% to the $0.000008-level over the past week. The popular altcoin has fallen in recent sessions, with a selloff last week sparked amid overall market weakness following weak economic data out of China, which has caused global macro pressures.

Shiba Inu's (SHIB) new layer-2 scaling solution will soon reopen to the public after experiencing technical difficulties last week, according to Shytoshi Kusama, the project's pseudonymous lead developer.

The Shiba Inu project's Layer-2 network, Shibarium, is preparing for a triumphant comeback following last week's tumultuous launch. Armed with enhanced features and fortified safeguards, the platform is set to re-enter the scene with renewed vigor.

Despite the high crypto volatility YTD, the second largest meme coin by market capitalization and daily traded volume, Shiba Inu (SHIB), has undeniably oscillated between the same price it opened the year.

Leading canine cryptocurrency Shiba Inu continues to acquire new holders, expanding the so-called SHIB army. Over the past 24 hours, the total holder count of SHIB has seen a significant increase.

The ongoing correction in SHIB price has found suitable support at $0.000007 walking close to the 61.8 Fibonacci retracement level. Within a week, the coin price bounced twice from this support indicating a compelling level of interest from investors seeking to accumulate at a discounted price.