Since the beginning of 2023, Shiba Inu (SHIB) investors have only one thing on their mind: the launch of Shibarium. Recently, social media has been flooded with rumors that Shiba Inu project lead developer Shytoshi Kusama has confirmed that the Shibarium Public Beta Testnet will be released within a week. Here are the details…
SHIB community discusses Shibarium launch
Some leading SHIB influencers shared a video on Saturday. The video suggested that Shiba Inu’s lead developer, Shytoshi Kusama, has confirmed the launch of Shibarium and will launch the layer 2 Blockchain in the next seven days. Rumors on social media got out of control with tweets and retweets. However, there was no source as to where this claim came from. Shytoshi Kusama did not post any blogs or confirm the publication of Shibarium on Telegram, Discord or other social media channels.
But when one of the major SHIB accounts, SHIBARMY CANADA, accused YourPOP of clickbaiting and spreading rumors, Shytoshi replied, “If he’s right, you owe him an apology.” Therefore, the news circulating on Twitter that Shibarium will be released in the next seven days is confusing.
Wen he is right you owe him an apology.
— Shytoshi™ (@ShytoshiKusama) February 18, 2023
According to CoinMarketCap, the BONE price has increased by 9 percent in the last 24 hours. With a market cap of $375 million and a daily trading volume of 3.9 percent, it has become one of the top earners among the top cryptocurrencies. As is known, Bone ShibaSwap (BONE) will be used as a management token in Shibarium and to pay gas fees on the network.
Shibarium launch still unclear
The new network is designed to be similar to Polygon (MATIC), giving developers a fast and scalable platform to build on, while allowing traders to access new projects and custom tokens with low transaction fees. While the developers are working on Shibarium, two Ethereum-based altcoins that are already part of Shiba Inu’s ecosystem are witnessing some massive price movements. Outside of BONE, Doge Killer (LEASH) rallied to $652, a massive 69 percent increase from $379, a Valentine’s low.
The crypto asset was originally designed to be used as a way to reward loyal members of the Shiba Inu (SHIB) ecosystem. But the future use of LEASH has become more mysterious since its launch in May 2021. As for when Shibarium will be released, the developers have yet to set a firm release date. Shytoshi Kusama hinted in his aforementioned answer that the beta could launch next week. Moreover, cryptocoin.com As we reported, in the past period, it was claimed that Shibarium would enter the market in May. Shytoshi replied to this thread, promising that the Shibarium would come long before May.
