Shiba Inu (SHIB), one of the largest altcoins, has recently come to the fore with many new news. In this article, we share with you the six most important developments. Here are the details…
Whales snatched 2.5 trillion Shiba Inu
Data provided by WhaleStats shows that over the past 24 hours, top whales on the Ethereum chain have massively increased their Shiba Inu holdings, adding trillions of meme tokens to it. According to WhaleStats, over the past 24 hours, the total value of Shiba Inu in the whales’ wallet has increased from $578,489,756 to $624,917,962. This means that the SHIB cache of whales has increased by 2,534,750,613,246 Shiba Inu. Thus, the meme coin ranks third among the most popular after Ethereum and USDT stablecoin.
Meanwhile, SHIB’s lead developer, Shytoshi Kusama, added text to his Twitter bio suggesting that the final steps towards launching the beta version of Shibarium are now being taken. In that text, he referred to a “heart-shaped box” in which the Shibarium would be presented to the community. Several leading SHIB accounts suggest that this vague hint points to February 14, Valentine’s Day, for the Shibarium launch.
17.4 million Shiba Inu burned
The Shiba Inu community, on the other hand, burned a significant amount of Shiba Inu. According to Shibburn.com, 17.43 million coins have been sent to the dead wallet in eight separate transactions in the past 24 hours. The two major burns come from the wallet associated with decentralized cryptocurrency exchange Uniswap. The first transaction resulted in the permanent deprecation of 6,111,360 SHIBs, and the second transaction resulted in the destruction of another 6,153,724 SHIBs. Despite these large cremations, the overall cremation rate of Shiba Inu decreased by 26.24 percent compared to the previous day.
Shytoshi Kusama opened a new Telegram channel
Shytoshi Kusama announced that he has launched a new Telegram channel for Shibarium developments. The newly created Telegram channel called All Things Shibarium Shy/Official will be the official platform where SHIB owners will get first-hand updates on the upcoming L2 network. Although the group was formed today, more than 8,000 SHIB enthusiasts have joined the group. The growth of members of Shibarium’s Telegram group shows the great interest in Shibarium among members of the SHIB community.
Shibarium is an L2 network built on the Ethereum Blockchain. Specifically, proponents believe Shibarium will compete with Polygon in terms of operability, scalability, and security. Recently, the developers continued to share some of the features that the community should expect from Shibarium. The developers said that in addition to providing fast and low-cost transactions, the protocol will use a certain amount of gas fees as BONE to burn SHIB tokens.
Shiba Inu members experience tension
However, this development caused some controversy. Following the launch of Shibarium’s Telegram group, a dispute broke out between two Shiba Inu core members. A big conflict broke out between Kusama and Shiba Inu’s Discord admin ShibaKraken. In a tweet today, ShibaKraken made a claim about Kusama’s attempt to take over the Shiba Inu community. ShibaKraken used the following statements:
Attention ShibArmy. It has come to my attention that Shytoshi Kusama has just tried to take a hostile take on the SHIB community.
ShibaKraken claimed that as part of its efforts to take over the SHIB community, Kusama has removed other core members of the Shiba Inu project. Responding to the tweet, the lead developer of Shiba Inu asked ShibaKraken not to join the Shibarium Telegram group, adding that he does not want any “problems” in the group.
Added SHIB to Robinhood wallet
cryptocoin.com As we reported, on Thursday, Robinhood Crypto General Manager Johannn Kerbrat provided an update on the highly anticipated Robinhood Wallet. According to Kerbrat, the trading platform had already started rolling out the wallet to more than one million of its waitlisted users. The wallet, which has been in development for some time, will support more than 50 cryptocurrencies, allowing users to not only transfer crypto assets but also exchange them for other cryptocurrencies. Robinhood Wallet is also supported by Ethereum and Polygon Blockchains.
The most traded coin by whales was SHIB.
Finally, as we mentioned above, in addition to the whales’ massive purchase of SHIB, coin transactions have also gained momentum. According to data from WhaleStats, the Shiba Inu has become the number one coin traded among the top 100 Ethereum whales today. These whales, which hold large quantities of Shiba Inu, may be waiting for the asset to rise right now. However, their assets are still not at the levels they were a year ago, as at one point they were holding more than $1 billion in SHIB in their wallets.
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