Shiba Inu (SHIB) has recently introduced a novel token named “Calcium.” This fresh token serves a crucial role in the generation of the remaining ShibaSwap Bone (BONE) tokens, the governance token governing Shibarium, SHIB’s layer-2 network. According to a recent blog post, Calcium is essentially a placeholder token without any actual trading activity. Its creation was primarily aimed at relinquishing control over BONE, thereby enhancing decentralization within the ecosystem.
Kaal Dhairya, a developer affiliated with Shiba Inu (SHIB), has advised users against engaging in any trading activities involving Calcium and has even cautioned that any participation in its sale should be considered a fraudulent activity. Shytoshi Kusama, the lead developer, has emphasized that Calcium is not intended for trading purposes; rather, its sole purpose is to facilitate the relinquishment of BONE. Despite these warnings, numerous investors have fallen victim to illicit entities attempting to sell Calcium tokens. As previously indicated in the screenshot provided below, we are currently in the process of relinquishing BONE.
It is of utmost importance that individuals refrain from purchasing or trading the Calcium token (seriously) because it lacks liquidity, and claims of substantial losses associated with it are based on fear, uncertainty, and doubt (FUD).
Shiba Inu’s Shibarium Keeps Making Strides
As reported by Shibariumscan.io, the total count of transactions occurring on the network has exceeded 3 million. This surge in transaction volume is also evident in the heightened rate of SHIB token burns. In the recent past, Shiba Inu’s (SHIB) burn rate soared above 300%, although it had reached four-digit percentages previously. Nevertheless, for the past few weeks, the burn rate had been notably lower.
Furthermore, the total number of wallets registered on the Shibarium network has now reached 1.25 million. These achievements are praiseworthy, particularly considering that the network was launched just about a month ago. However, it’s important to note that the increasing figures within Shibarium have not translated into an upswing in SHIB’s price. The token has encountered challenges in breaching the $0.000008 threshold and has primarily experienced a downward trajectory throughout the year.
Many had hoped that the introduction of Shibarium would trigger a rally for the widely recognized meme-coin. Unfortunately, this anticipation has not materialized. As of the latest available data, SHIB was trading at $0.00000730, reflecting a 0.7% decrease in value over the past 24 hours.