Besides its recovery in terms of price, Shiba Inu (SHIB) clarified the launch date for its long-awaited projects last week. Here are 5 hot developments exclusive to the Shiba Inu community…
Critical date revealed for Shiba Inu (SHIB)
The Shiba Inu community has been following the Tier-2 scaling solution Shibarium since last year. After a long hiatus, lead developer Shytoshi Kusama has made a clear statement for the Shibarium release date. Kusama recently announced on his Twitter account that Shibarium, which will support SHIB burns, will launch on February 14. Currently, more than 50% of the total supply of 1 trillion SHIB is locked in the Shibarium smart contract.
#Shibarium potential release date:
With all the things happening in the $SHIB team, it seems as if they are pushing for a 14th of February.@ShytoshiKusama has tweeted, talking about packing shibarium in a heart-shaped box.
🚀🚀🚀 pic.twitter.com/LJH0zI7QVH
— Shibarium Gems (@ShibariumGems) January 28, 2023
Whales have bought trillions of SHIBs in the last two days
The hefty transactions revealed by whale watching bots show that Ethereum whales have become active again in recent days. One of them was the purchase made by the whale SHIB, one of the 200 largest whales on Ethereum.
According to a recent tweet by WhaleStats, the whale named Boromir has bought 120,000,000,000 Shiba Inu. That’s roughly $1,450,800 worth of expenditure.
🐳 ETH whale "Boromir" just bought 120,000,000,000 $shib ($1,450,800 USD).
Ranked #168 on WhaleStats: https://t.co/2koVEMo4NB
Transaction: https://t.co/gvMHMpnkXF#SHIB #ShibArmy
— WhaleStats (tracking crypto whales) (@WhaleStats) January 29, 2023
In another statement, Whale Alert shared that 3.2 trillion SHIB tokens exchanged hands between anonymous wallets on Saturday, January 28. With all these purchases, SHIB currently holds its position as the largest token position among the top 100 Ethereum whales.
🚨 🚨 3,272,307,240,798 #SHIB (38,870,101 USD) transferred from unknown wallet to unknown wallethttps://t.co/KQyTOWXu1X
— Whale Alert (@whale_alert) January 28, 2023
Atomic Wallet with 5 million users announces new feature for Shiba Inu
Shortly after Shibarium’s launch date was revealed, Atomic Wallet made a game-changing move for Shiba Inu ecosystem tokens. It is now possible to convert SHIB to BONE and get it back directly within this non-storage hot crypto wallet. While transactions were previously made to purchase BONE, the second key token in the ecosystem, transactions had to be made on decentralized exchanges such as ShibaSwap or mid-tier centralized venues. Direct token storage is now possible
You can swap both $SHIB & $BONE instantly in Atomic wallet app! 👌
— Atomic – Crypto Wallet (@AtomicWallet) January 29, 2023
Given Atomic Wallet’s already announced support for Shibarium, we can expect other tokens in the Shiba Inu ecosystem to be available for direct exchange within the wallet in the future as well. It should be noted that Shibarium works with a total of four tokens, which will include LEASH and TREAT in addition to SHIB and BONE.
Shiba Inu (SHIB), the most popular meme coin of 2022
Shiba Inu was the most viewed meme token in 2022, according to data from CoinMarketCap. Notably, Shiba became the top name last year, surpassing other memes like Dogecoin and Baby DogeCoin (BabyDoge).
Shiba is the most viewed token in CMC’s Doggone Doggerel category with a total viewership rate of 48.69%.
Over 39.82 million Shiba Inu were burned over the weekend
Community-led SHIB Burn initiatives collectively sent a total of 39,829,430 (39.82M) SHIBs to “dead” addresses through 27 separate transactions over the weekend. According to data provided by Shibburn.com, 13.26 million SHIB were destroyed on January 27, followed by 4.38 million on January 28 and 22.17 million on January 29.
In the last 7 days, there have been a total of 196,812,147 $SHIB tokens burned and 57 transactions. #shibarmy
— Shibburn (@shibburn) January 29, 2023
SHIB Super Store burned 11.83 million SHIB
The foremost SHIB Burn Project, dubbed “SHIB Super Store”, recently announced that it has sent an astonishing 11,839,731 SHIB to a dead wallet in a single transaction using the official SHIB Burn Portal.
Burn and Reward!
11.8M Burned
11.5M Rewarded (rewards sending soon)A detailed explanation on the delay of the Bricks Buster tournament rewards will be in a follow up tweet.
Thanks everyone! Congrats to everyone holding right now!https://t.co/d0goxr70o0 pic.twitter.com/06i63xQecn
— SHIB Super Store (@shib_superstore) January 30, 2023
As for price movements, SHIB starts the new week with a slight decline after a strong weekend. cryptocoin.comWe have included the current technical levels in this article.
