Shiba Inu Lead Shytoshi Kusama Bonds with Japan's SHIB Fans

Shiba Inu lead developer Shytoshi Kusama recently demonstrated his appreciation for the Japanese Shiba Inu community in a heartfelt tweet, in which he shared his wonderful experience chatting with fans in the country

Timeline of Kusama, Shiba-inu

According to the crypto analytics firm IntoTheBlock, cryptocurrency Shiba Inu (CRYPTO: SHIB) is experiencing a substantial change in large transactions. On Saturday, IntoTheBlock reported that the vast majority of SHIB holders continue to remain underwater on their investments in the asset.

With the increasing FUD in the crypto market, the Shiba Inu coin has been traveling in a sideways trend for the past three weeks. The cluster of candles in this consolidation suggests uncertainty among market participants and an unclear trend.

Shibarium News: Shiba Inu (SHIB) developer Shytoshi Kusama on Saturday confirmed that the newly released Shibarium documents will mention be fixed to add that the Oracle used is the Unification/xFund. The documentation describes Shibarium as first proposed by Ryoshi, the creator of Shiba Inu as a blockchain, layer 2 solution.

The second largest meme coin, Shiba Inu, has gained more traction recently. Though its launch was inspired by Dogecoin (DOGE), Shiba Inu has gradually risen with more functionalities for users.

Shiba INU, one of the most popular meme coins within the crypto space displayed a notable price action in the early days of 2023. Despite the trading volume maintaining decent levels, the price remained elevated to mark the yearly highs above $0.000015.

Shibarium, a decentralized layer-2 network for the Shiba Inu ecosystem, started its public beta phase under the name Puppynet a few days ago. Since then, there has been almost daily news about projects and developments based on Shibarium.

Shiba Inu (SHIB), the popular dog-inspired cryptocurrency, is currently facing a tough time breaking free from its recent slump. According to on-chain data, both a decline in network growth and pressure from long-term holders looking to sell their holdings could potentially hinder SHIB's price resurgence.

Some of the largest whales on the Ethereum ($ETH) ecosystem have accumulated over 1.2 trillion tokens of the meme-inspired cryptocurrency Shiba Inu ($SHIB) just days after dumping 10 trillion tokens on the market after the launch of the Shibarium testnet.

A massive cryptocurrency whale has moved nearly 25 trillion tokens of the meme-inspired cryptocurrency Shiba Inu ($SHIB) off of a cryptocurrency trading platform's wallet and into a wallet they control over six different transactions in a single day.

David Gokhshtein, in a recent Twitter statement, has re-assured that the price of shib would hit the $0.01 mark. This comes as the token seems to be on for a good day according to chart data.