Shiba Inu's Shibarium Says Public Beta Launch Imminent As Bone ShibaSwap (BONE) Skyrockets

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.

Timeline of Bone-shibaswap, Shiba-inu

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.

A new portal designed to serve as a hub for developers, entrepreneurs and community members interested in joining the Shiba Inu (SHIB) ecosystem is witnessing a crush of interest. The ‘Join Shibarium' portal launched on Sunday, inviting anyone interested in Shiba Inu's layer-2 blockchain to apply and get in touch.

Crypto broker Voyager, which is in the process of bankruptcy, continues to get rid of the assets in its wallets. In particular, yesterday, another 200 billion Shiba Inu tokens were sold, for $2.45 million.

The price of Shiba Inu has dropped to $0.0000114 today, after news of financial problems at Silvergate Bank spooked the market. This price represents a 5% fall in 24 hours, a 13% loss in a week and a 3.5% decline in the last 30 days, with the meme token unable to escape the wider market's problems.

Crypto.com, a major cryptocurrency trading platform that saw a spot trading volume above $300 million over the past 24-hour period and plays a critical role in the ecosystem, has listed added support for $BONE, one of the tokens within the Shiba Inu ($SHIB) ecosystem.

Bankrupt cryptocurrency lender Voyager digital has recently sent a large amount of digital currency to Nasdaq-listed exchange Coinbase. The transfer included billions of Shiba Inu ($SHIB) tokens that it received from a dormant SHIB whale. According to data from blockchain intelligence firm PekcShield, Voyager has moved 300 trillion SHIB worth $3.

The embattled crypto broker platform Voyager Digital has been rapidly liquidating its cryptocurrency holdings. Voyager currently holds crypto assets worth $631 million, with SHIB representing the third-highest value.