The lead developer of Shiba Inu (SHIB), famous on social media under the pseudonym Shytoshi Kusama, sent an ascension message to ShibArmy. In particular, he put forward his own view on the Shibarium and its future.
Shiba Inu inventor sends bull message to SHIB community
Shytoshi Kusama shared an allegory comparing Shibarium to a pine tree that, unlike other trees, can withstand even the harshest winter. Accordingly, he implied that the survivability capacity of the SHIB was enormous. However, he stated that it still needs the support of developers and use by users. Kusama expressed his thoughts as follows:
In autumn the tree may have only a few leaves, but then spring comes. Luckily, Shibarium is a Pine Tree in this context. Still, it needs water, sunlight, and suitable soil. But pines survive and thrive in the harshest winters. I heard that needle tea is good for you too.
During fall the tree may have only a few leaves, but then spring appears.
Luckily, Shibarium, in this context, is a Pine Tree. Still, it needs water, sunlight and proper soil. But pines survive and thrive during the harshest winters. (I also hear the needle tea is good for u.) https://t.co/IlmwGjvSog
— Shytoshi Kusama™ (@ShytoshiKusama) January 15, 2023
cryptocoin.comAs we reported, the Shibarum team previously announced the release of a Shibarium beta version has been confirmed.
Shibarium launch is coming soon!
The dev team also shared the concepts that underpin the Layer 2 protocol Shibarium. In particular, it will enable faster transactions, increase the amount and reduce costs to a great extent. In this context, they made the following statement:
Introduction to Shibarium: The Shiba Inu’s Layer 2 Network is coming. Rejoice, ShibArmy! Shibarium Beta is about to be released and through this article we would like to introduce some key concepts for clarity to the community.
Shibarium will also have Delegators who will create staking contracts on the network. These contracts will perform the functions of a reward system. Last year, Shytoshi Kusama has often tweeted that the Shibarium will be launched ‘very soon’. On December 31, he shared that Kusama and his developers, along with the Merge team, who were busy building Shibarium, ‘give a nice nod to it’.
Shiba Inu whale adds more SHIB to 2.25 trillion position
According to CryptEye, a large unknown investor has purchased 7.56 billion Shiba Inu tokens in the last 24 hours, bringing the total size of his position to SHIB 2.25 trillion. To date, this whale’s SHIB portfolio is worth $23.45 million. The unknown investor mentioned does not appear to be passive. It also adjusts its position by constantly buying and selling billions of SHIBs.
Meanwhile, the Shiba Inu has been trying to break the resistance at $0.000011 for the past three days, apparently facing pressure from sellers. At press time, SHIB was trading at $0.00001058, up 3.37% on a daily basis. At the same time, the meme coin is in the green zone of 19.25% on a weekly basis.
