On Tuesday, Shiba Inu lead developer Shytoshi Kusama spread the word on the Shibarium Telegram channel about the Layer-2 solution being ready. But now he has locked down the channel and stated that the group would be reopened after all documents were released. Before the release of the beta, SHIB’s lead developer will only post official messages.
Why has Shytoshi Kusama locked Shibarium’s Telegram?
One of the prominent Shiba Influencers on Twitter, @ShibArmy_4Life, shared a screenshot where Shytoshi Kusama said that the Telegram channel was locked for further messages until all documents were available. This move may have been taken after the channel was bombarded with questions about the launch. All this could have gotten to the point where it became difficult to manage.
“!!BREAK!! Shytoshi Kusama locks the #Shibarium Telegram for further messages until all documents are out! $Shib #Shiba #ShibaInu”
While many people think that the paperwork for Shibarium will be out very soon, the SHIB team has yet to give a launch date for the upcoming layer-2. Nevertheless, the launch has suffered numerous delays so far and if there are any rumors, Shibarium will be out before May.
According to the data shared by Shiba Archives, 50 million SHIB has been burned in the last 12 hours. Even after an increase of more than 50% since the beginning of 2023, the price of Shiba Inu is down 4.25% in the last 24 hours. This drop is the result of a massive drop in burn rate which is set at 91.28% at the time of writing, according to data from Shibburn.com.
Shiba Inu In the top 10 most bought tokens
According to the Whale statistics, crypto whale aggregator, Shiba Inu is back in the top 10 purchased tokens of the 500 largest ETH whales in the last 24 hours. It is also the fourth largest altcoin holding among Ethereum whales, behind Ethereum (ETH), USD Coin (USDC), and Tether (USDT).
At the time of publication, the whale has a whopping 511,326,366,052 SHIB worth about $6,695,437. Shiba Inu is soaring in 2023, driven in part by plans to launch Shibarium. SHIB started the year at $0.00000814 and at the current price of $0.00001315, the altcoin is up 51%.
Also Read: Shiba Inu (SHIB) Emerges as ETH Whales Top Choice
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