Shiba Inu’s latest update has stirred up excitement as the curtains have risen to reveal a realm of boundless possibilities. Following the grand debut of Shibarium, the meme token has embarked on an electrifying journey through the corridors of cutting-edge technology, characterized by seamless experiences and lightning-fast transactions.
The other day, Project lead Shytoshi Kusama remained resolute, providing much-needed clarifications to quell investors’ apprehensions during these crucial moments, which were received with resounding cheers throughout the Shib community.
As Shibarium gears up to step out of the shadows and into the spotlight, the transition from private to public mode is imminent. The final touches are being applied, ensuring that the grand unveiling will be nothing short of extraordinary. The team assured users that their funds are securely locked away, guarded by the unyielding fortress of blockchain security.
With the L2 update making waves, Shiba Inu marketing specialist Lucie also spilled the beans that some members of the community were even gifted with bridged BONE tokens.
As earlier reported by TronWeekly, the recent developments have triggered a massive wave of engagement, with over 10 million new wallets registered, indicating robust trust and interest in the meme token ecosystem. Recent on-chain data also highlighted an impressive 160 million compute units and significant deposits of ETH and BONE tokens.
Whale Gobble 708B Shiba Inu Tokens
The buzz surrounding Shibarium has attracted significant traction from investors and exchanges worldwide who have jumped in to fill their appetite. Whale Alert, a leading blockchain tracking platform, revealed that an anonymous Whale bought a whopping 708 billion Shiba Inu tokens, valued at $6 million from Gemini, a New York-based cryptocurrency exchange.
Per Etherscan.io data, the massive accumulation occurred via a single transaction executed about 14 hours ago from press time. The development came days after the 25th biggest SHIB holder added 4.66 trillion SHIB, worth $38.70 million to her portfolio in a single transaction.
Bitget, a Seychelles-based cryptocurrency exchange, has also highlighted the soaring interest in SHIB via Google Trends. The leading trading platform mentioned Shiba Inu in a recent tweet, notifying that the meme coin has been gaining attention on Google Trends, a website that tracks search interest for different topics.