Voyager Liquidates 1,396,159,318,339 Shiba Inu (SHIB) on Coinbase As Bankruptcy Process Continues: On-Chain Data

Beleaguered crypto lender Voyager is selling troves of its Shiba Inu (SHIB) holdings as it liquidates millions worth of the crypto asset on the US-based digital asset exchange Coinbase. Data from the blockchain analytics platform Lookonchain shows that in the last several days, Voyager sold 49 different tokens on Coinbase amounting to about $63 million.

Timeline of Shiba-inu

According to the project's lead developer, Shibarium, the layer-2 scaling solution for the Shiba Inu (SHIB) has experienced a significant influx of users and transactions following its recent launch. Shibarium, the newly launched layer-2 scaling solution for the Shiba Inu (SHIB) cryptocurrency, has faced technical difficulties due to an unexpected surge in user activity and

A mysterious Shiba Inu (SHIB) whale is suddenly moving trillions of SHIB as the project launches its new layer-2 scaling solution, Shibarium. New data from whale-surveying platform Whale Alert reveals that a deep-pocketed SHIB investor has abruptly shifted a staggering 4,654,881,590,632 tokens, worth about $40.7 million, from one unknown wallet to another unknown wallet.

The Shiba Inu (SHIB) ecosystem was buzzing with anticipation as the Shibarium network launched. But instead of a triumphant entry, SHIB tokens nosedived by around 9%, catching many investors off guard.

The lead developer of memecoin Shiba Inu (SHIB) says that the project's new layer-2 scaling solution Shibarium is doing just fine after experiencing a “massive influx” of users.

Shiba Inu (SHIB), a dog-inspired meme coin, originally dismissed by many as just another fleeting fad, is now drawing serious attention from big players, or “whales,” in the crypto space. This attention comes amid the tokens' recent sloppy launch of its other project, Shibarium.

Shiba inu fell lower for a fifth straight session on Thursday, resulting in the meme coin dropping to a 13-day low. Since hitting a four-month high last Saturday, SHIB has struggled to find a firm floor. On the other hand, Solana ended a recent losing streak.

What was supposed to be a celebration day for the broader Shiba Inu (SHIB) ecosystem turned out to be gloomy when the price action in the ecosystem is factored in. Amid these slumps however, data from crypto analytics platform IntoTheBlock (ITB) reveals that while most SHIB metrics are in the red today, its Daily Active User (DAU) count has maintained a strong upshot of 37.73% to 8,210.

Shibarium has been launched, and the Shiba Inu community received the news with excitement. The Shibarium mainnet, an Ethereum Layer 2 scaling solution, was launched on Aug. 16 after months of testing that saw over 35 million transactions on the testnet.

In light of recent concerns surrounding the launch of the Layer 2 network Shibarium (CRYPTO: SHIB), lead developer Shytoshi Kusama said Thursday there are no bridge issues and all user funds remain secure. Contrary to circulating rumors, any screenshots suggesting otherwise have been deemed false by the platform, according to a new blog post from Kusama.

Shiba Inu's (SHIB) price slipped double-digits in the past 24 hours, contrary to community expectations of a strong upward trend brewing after the launch of the much-hyped Ethereum layer-2 solution, Shibarium, on Wednesday.