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Shytoshi Kusama today announced that Shibarium is almost ready to reopen to the public after two days of testing and tweaking parameters. It now has a new monitoring system and additional fail-safe mechanism including rate limiting at the RPC level and auto server reset. Moreover, additional validators are going live on the network, which increases security and enables more BONE token staking. Whale Activity Rising Amid Shibarium Restart An analysis of recent transactions on Etherscan revealed that recent transfers of nearly 4.6 trillion SHIB tokens are related or done by a single entity. Wallet address “0x3442” received 4,639,778,173,637 SHIB from “0xc684” yesterday. “0x3442” transferred 4,627,778,173,637 SHIB to “0xA9d1” and 12 billion SHIB to “0x95B5.” Similar SHIB transactions and transfers to “0x95B5” were noticed, which is happening for almost over a month. Also, a presence of a Shibarium mainnet valid...

The price of Shiba Inu (SHIB) experienced a decline subsequent to the introduction of the Layer 2 solution known as Shibarium . Within the last 24 hours, SHIB’s value decreased by 4.6%, marking a 25% decline over the course of the week. These drops occurred in the aftermath of Shibarium ’s launch, during which technical challenges and a bridge error emerged, causing a temporary lock on user funds. Despite the fact that the team behind Shibarium promptly addressed these concerns, the initial hurdles during the launch seemed to have a moderating effect on investor interest in Shiba Inu. Also read: Ethereum’s Vitalik Buterin Moves 600 ETH to Coinbase, What’s the Motive? Shiba Inu marketing team member Lucie recently shared a tweet highlighting her insights on the recent drop in the price of SHIB, BONE, and LEASH. Let’s be honest! My $BONE, $SHIB, and $LEASH dropped a lot, just like the whole market. Was I unhappy with @ShytoshiKusama? No! ...

Shiba Inu ecosystem’s BONE has seemingly established a place for itself in the top 100. It was ranked 91 at press time, with a market cap of $381 million. With Shibarium on the cusp of being launched, this crypto asset has been receiving renewed traction. Moreover, with the accumulation spree going on, BONE has risen by more than 150% from its June low of $0.65. At press time, this crypto was the second-largest daily gainer and was seen exchanging hands at $1.66. BONE/USDT by TradingView Also Read: Shiba Inu: Will Elon Musk Attend Shibarium ’s Launch Event? At the moment, no BONE investor is underwater. According to on-chain data from IntoTheBlock, 88% [or roughly 71,130 addresses] were in profit. The remaining 12% [or roughly 9.5k addresses] were in a break-even position. Consequentially, 0 addresses were in loss, indicating that almost all BONE investors bought BONE at a price less than what it was currently trading at. Source: IntoTheBlock As reported a day ba...

Launch of Shibarium And SHIB Burn Twitter accout for Shiba Inu updates, Shiba Archives shared the new burn mechanism. The introduction of Shibarium , accompanied by its unique burning mechanism, has generated immense excitement among members of the $SHIB team. Many believe that the launch of Shibarium will take place as early as next month, further fueling anticipation in the crypto community. advertisement According to the $SHIB development team, Shibarium ’s burning mechanism is projected to incinerate a staggering 5 trillion tokens every month. In the month of June,  1 billion $SHIB were burnt, as reported by Shibburn. This translates to a decrease of approximately 89.25% in token burn from May to June, where over $15 million tokens were burnt. Lucie, Content Marketing Specialist from Shiba Inu team took to Twitter to talk about Burns: Shibarium ’s user-friendly portal facilitates this process, making it accessible to all. By clicking ...