Mysterious Shiba Inu ($SHIB) Whale Transfers $46.4M Worth of Tokens to New Wallet
A Shiba Inu whale has transferred a massive 4.25 trillion token stash worth $46.4 million to a new cryptocurrency wallet, detected by whale transaction monitors, but not suggesting they’re selling the funds.
Shiba Inu’s Burn Rate Surges as Project Partners with Domain Firm
Shiba Inu’s burn rate has been surging, with over 8.6 billion tokens being burned in just 24 hours, as the project partners with domain firm D3 Global to allow users to acquire .shib domains.
Shiba Inu Whale’s Transactions Stir Community Interest
Market observers noted that the whale’s funds weren’t moving to cryptocurrency exchanges, suggesting they weren’t going to be dumped on the market, which caught the attention of the meme-inspired cryptocurrency’s community.
Shibarium Launches Layer-2 Network and Sees Rapid Adoption
The project launched its layer-2 network Shibarium recently, whose total value locked briefly surpassed the $1 billion mark. With the value of SHIB surging and its adoption growing, Shibarium is seeing traction in the decentralized finance space.
Shibarium’s Economic Efficiency and Scalability Impresses Community
The Shiba Inu community compared Ethereum’s transaction fees and speed with those of Shibarium, emphasizing the latter’s economic efficiency and scalability, with significantly lower transaction fees and a higher transactions per second rate compared to Ethereum. Shibarium’s lead developer confirmed its higher transactions per second and emphasized its scalability.
Hot Take: Shibarium Sees Success as Community Embraces Its Economic Efficiency and Scalability
Shiba Inu’s launch of Shibarium, including its economic efficiency and scalability, is receiving a warm reception from the community amid surging adoption and impressive transaction speed.
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