Shiba Inu Coin News: The release of the Shibarium beta has been the talk of the town since 2022. Some major SHIB community members are wondering whether it will take place this week, or in the next few months. As the lead developer of Shiba Inu, Shytoshi Kusama is dropping continuous and confusing hints. But this time, things are different.

Shytoshi Changed His Twitter Bio

Earlier on Saturday, Shiba Inu lead developer modified his Twitter bio to a simple full stop. Just the mare change fueled speculations surrounding the possible launch of Shibarium, the Beta phase of Shiba Inu’s layer-2 solution.

According to Kuro, one of the members of the Shiba Inu community, Shytoshi has a habit of updating his Twitter bio with a full stop when one of the tasks he is working on comes to an end. Since the L2 blockchain is the most prominent project under development, the SHIB Army believes that the launch of Shibarium could be the reason behind the recent modification.

Shiba Inu (SHIB) Burn Rate Witness The Massive Surge!

At press time, Shibburn, a community-run burn tracker, revealed that the SHIB burn rate had increased by 270.84% in the last 24 hours. In order to reach this number, the community burned more than 10,743,342 Shiba Inu coin. This impressive milestone was attained in six separate transactions.

Shiba Inu price have registered a drop of 6.62% over the past 24 hours. At the time of writing, SHIB exchanged hands at $0.00001234 while maintaining number thirteen in market cap terms. However, its 24-hour trading volume has surged by 25.06% to stand at $273,325,677. Shiba Inu holds a market cap of $6.77 billion.

Meanwhile, the second largest meme coin has turned out to be more profitable than Elon’s favorite Dogecoin (DOGE) in the long run. DOGE price have seen an increase of 7.88% in the last 60 days, while SHIB went on to register a price jump of 48.53% in the same period.

Also Read: Crypto Lending Platform To Support Shibarium And List BONE

The post Shibarium Beta Going Live? Shiba Inu Main Dev Drops Hint appeared first on CoinGape.

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Filed under: News - @ February 25, 2023 1:18 pm