Zephyrnet Logo

SHIB Price Holds Steady Amid 1000% Outflow: New Tech on the Horizon Ahead of Shibarium

Date:

  • Shiba Inu ecosystem gears up for significant advancements following the mainnet launch of Shibarium.
  • Large holders of SHIB have witnessed a rapid acceleration in token outflows, indicating possible market movements.
  • The future of Shiba Inu in the crypto space looks promising, with potential positive influence on SHIB’s future trading price.

The Shiba Inu (SHIB) ecosystem is bracing for a significant leap forward following the mainnet launch of Shibarium. Lucie, the marketing specialist for Shiba Inu, has given the SHIB community more reasons to be optimistic. In a recent update, she confirmed that more positive developments are on the horizon for the Shiba Inu ecosystem.

While specific details about these planned developments remain under wraps, Lucie has encouraged the ShibArmy to subscribe to Shibarium’s YouTube page, hinting at exciting updates to come. 

This coincides with a previous statement from Shytoshi Kusama, Shiba Inu’s lead developer, who introduced the Summer of Shibarium and promised strategic releases and updates in the near term.

Despite these bullish sentiments and planned developments, SHIB has yet to stage any substantial rally. However, experts predict a rally in SHIB price and other ecosystem tokens, including BONE and LEASH, following the Shibarium mainnet launch.

On the other hand, a significant surge in SHIB outflows from the wallets of large holders has been observed. The outflow of Shiba Inu tokens from the wallets of large holders accelerated rapidly in the 24 hours of Saturday, from 268 million to 2.47 trillion SHIB. 

The reason for the sudden change is not clear, given that the price of the Shiba Inu token did not show any extraordinary dynamics during the same period.

Looking ahead, the future of Shiba Inu in the crypto space appears promising. With its recent developments and the upcoming launch of Shibarium, Shiba Inu is poised to carve out its own niche in the crypto market, potentially influencing the future trading price of SHIB positively.

Read also:

google-news

disclaimer read more

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

spot_img

Latest Intelligence

spot_img