These impersonators closely mimic the profiles of legitimate Shiba Inu team members and respected community figures with the intent to deceive users. ShibArmy Scam Alerts, a vigilant community group dedicated to exposing scams, has identified this growing threat and issued a strong warning.

Read Also: Shiba Inu (SHIB) Holders Receive Critical Airdrop Warning 

Some Deceptive Tactics

Spreading misinformation: Impersonators may spread false information to create confusion and doubt about the project or the cryptocurrency market in general.

Directing users to fraudulent websites: These fake websites are designed to steal cryptocurrency from unsuspecting users.

Soliciting funds under pretenses: Impersonators may claim to represent the Shiba Inu team and request urgent transfers of cryptocurrency.

Phishing for personal information: Through various tactics, impersonators may attempt to trick users into revealing private wallet keys or other sensitive data.

How to Protect Yourself

To safeguard yourself from these scams, vigilance is crucial. Always meticulously examine the username and profile information of any account claiming to be affiliated with Shiba Inu. Legitimate accounts will have clear markings to distinguish them from fakes.

For project updates and announcements, rely exclusively on official Shiba Inu communication channels. Never trust information received through private messages, especially if it involves requests for wallet synchronization or personal details.

The Shiba Inu team will never contact you via private message for such purposes. If you encounter a suspicious account or message, report it immediately to Telegram and share the details with the broader Shiba Inu community. This collaborative effort helps to warn others and enables the platform to take action against scammers.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Read Also: Shiba Inu Team Sends Critical Warning to SHIB Holders 

By following these guidelines and maintaining a healthy dose of skepticism, SHIB token holders can significantly reduce their risk of falling victim to these scams. Remember, official representatives from the Shiba Inu project will never request wallet information or other sensitive details through private messages.

The Shiba Inu development team emphasizes the importance of a unified community in combating these scams. By staying informed, reporting suspicious activity, and adhering to safe online practices, Shiba Inu users can collectively protect themselves and keep the nascent ecosystem healthy.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Shiba Inu Ecosystem Tokens’ Holders Receive Critical Telegram Scam Warning appeared first on Times Tabloid.

Understanding Phishing Scams

Phishing emails are a cunning tactic employed by cybercriminals to impersonate legitimate entities and trick recipients into divulging sensitive data. In the case of SHIB holders, these emails may mimic the branding and communication style of official Shiba Inu announcements.

Read Also: Shiba Inu Team Sends Warning Message to the SHIB Army

The deceptive emails often contain a link that, when clicked, directs victims to a fraudulent website designed to resemble a real SHIB platform.

Once on the fake site, victims may be prompted to enter their login credentials or private keys, unknowingly granting scammers access to their SHIB holdings and other crypto assets.

ShibArmy Scam Alerts Sounds the Alarm

Fortunately, vigilant community watchdogs like ShibArmy Scam Alerts are actively working to protect SHIB investors. This group recently identified a phishing campaign targeting SHIB holders with the promise of a fictitious BONE airdrop.

The scam email, crafted to appear legitimate, informed recipients of their eligibility for a BONE airdrop and instructed them to click a link to claim the reward. However, clicking the link would have directed victims to a fraudulent website designed to steal their crypto wallets.

#Shibarmy, if you receive an email like this one, don't fall for it, it's NOT official, and it's a scam!

There are no $BONE airdrops!

Delete the email message, don't click on the link/picture! It sends the victims to a fake website intended to steal the wallets. Stay safe! pic.twitter.com/U8ezGpXrQd

— Shibarmy Scam Alerts (@susbarium) April 19, 2024

ShibArmy Scam Alerts is accustomed to warning the community about scams in the Shiba Inu ecosystem. It has once again issued a clear warning urging users to exercise caution and disregard any emails promoting BONE airdrops.

It emphasized that there are currently no legitimate BONE airdrops taking place and advised users to delete such emails immediately without clicking on any links or images they may contain.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Protecting Yourself from Scams

The rise of SHIB-related phishing scams shows the importance of cybersecurity awareness for cryptocurrency investors. Here are some key steps SHIB holders can take to safeguard their assets:

Verify Information Directly: Do not rely on information from unsolicited emails or messages. Always verify any claims of airdrops or other promotions by directly referencing the official Shiba Inu website or social media channels.

Beware of Urgent Requests: Fraudulent emails often create a sense of urgency to pressure victims to click on links or make rash decisions. Be wary of any email that demands immediate action.

Read Also: Do Kwon Speaks On Plans to Airdrop Additional Funds to Victims of TerraUSD (UST) Collapse

Strong Passwords and Two-Factor Authentication: Utilize strong and unique passwords for all your cryptocurrency accounts. Additionally, enable two-factor authentication (2FA) wherever available to add an extra layer of security.

Report Suspicious Activity: If you encounter a suspected phishing email, report it to the Shiba Inu team and relevant authorities who are always on the lookout for similar scams or attacks.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Shiba Inu Team Sends Critical Phishing Warning To Users appeared first on Times Tabloid.

The partnership has sparked discussions and excitement surrounding K9 Finance’s ability to significantly impact Shibarium’s Total Value Locked (TVL) and the BONE token.

https://t.co/tSqU45VnSv

— Shytoshi Kusama (@ShytoshiKusama) March 1, 2024

Read Also: SHIB News: Shibarium Integrates With CoinMarketCap and CoinGecko: Here’s the Significance

A key aspect of K9 Finance’s proposition is its focus on unlocking the potential of the BONE token. Currently, many BONE holders earn a meager 5% APY (annual percentage yield) on platforms like ShibaSwap and Ethereum.

K9 Finance aims to incentivize BONE staking by offering a significantly higher APY on their Shibarium-based platform. This increased yield could attract more users to stake their BONE tokens, boosting the overall utility and demand for the token.

Introducing knBONE: Staking with Flexibility

K9 Finance introduces knBONE, a novel liquid staking token. Unlike traditional staking methods that lock up your tokens, knBONE represents the value of staked BONE, allowing users to retain liquidity while earning staking rewards.

This means users can stake their BONE and receive knBONE tokens, which can be used for other DeFi activities. For example, users staking $200 worth of BONE would receive an equivalent value in knBONE, enabling them to participate in other DeFi opportunities while their BONE continues to accrue rewards.

K9 Finance’s Proposal: A Game-Changer for Shibarium’s TVL?

K9 Finance’s proposal presents an intriguing possibility of significantly boosting Shibarium’s TVL. An analysis by K9 Finance founder Buzz.Shib suggests that if all currently staked BONE tokens (approximately $22 million) were migrated to K9 Finance, it would represent a 22-fold increase in Shibarium’s TVL.

Furthermore, Buzz.Shib estimates that if the community reaches the industry average TVL of $50 million, Shibarium’s TVL could potentially increase by 50 times.

Common question I get is "how big can @K9finance be for @Shibtoken" but more specifically $BONE & #Shibarium

Let's break it down

Note: these metrics are rough estimates $BONE delegated on ETH = 24 million$BONE staked on @ShibaSwapDEX on ETH (no APY) = 11.5 million
Average %…

— Buzz.Shib | Shibarium (@buzzdefi0x) February 26, 2024

Read Also: Shiba Inu (SHIB) Holders Must Take Note Of This Urgent Warning

Early Signs of Growth

While these projections are optimistic, Shibarium’s TVL has already experienced a 30% increase since the initial analysis, indicating early signs of growing interest in the platform. As of February 27, 2024, Shibarium boasts a TVL of $1.32 million, according to DeFiLlama.

With the launch of its native token, KNINE, scheduled for March 7, 2024, K9 Finance is poised to play a significant role in the development of the Shiba Inu ecosystem. The community closely watches the platform’s launch and its potential impact on the BONE token, Shibarium’s TVL, and the overall trajectory of the Shiba Inu project.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Shiba Inu Lead Dev Reacts To Project that Promises To Boost Shibarium TVL appeared first on Times Tabloid.

Marketing lead Lucie has announced this ambitious initiative, aiming not only to burn SHIB but also BONE, LEASH, and two yet-to-be-launched tokens within the Shibarium network.

#Sheboshis are dedicated to the entire ecosystem! Whatever is not claimed by #Shiboshis will be offered to the public.

What are we doing with the proceeds?

We aren’t focusing this drop on making funds, and instead would love ALL the NFTs to be claimed. But in case some are… pic.twitter.com/yNFI3OC77Q

— 𝐋𝐔𝐂𝐈𝐄 | Shibarium (@LucieSHIB) February 17, 2024

Read Also: These Shiba Inu Whales Just Bought 63 Billion SHIB Tokens as Whale Holding 36.7 Trillion SHIB Expands Portfolio

In the past, the Shiba Inu community focused primarily on burning SHIB to combat inflation and potentially increase its value. However, this new strategy takes a broader approach by targeting other essential tokens within the ecosystem.

This multi-token burn initiative seeks to address concerns about token oversupply and has the potential to benefit all stakeholders invested in the Shiba Inu universe.

Sheboshis: The NFT Catalyst for Token Deflation

Central to this burn strategy is the Sheboshis NFT collection. A portion of the sales revenue generated from these unique digital assets will be directly allocated to burning specific tokens.

This creates a symbiotic relationship between the NFT and token economies, where the success of the Sheboshis NFTs drives value appreciation for the tokens, potentially fueling demand for both.

Strategic Burn Allocations

The announced burn percentages reveal a calculated approach to token deflation. SHIB, as the dominant token, receives the largest allocation (6%), reflecting its current prominence. BONE, LEASH, and the future TREAT and SHI tokens receive smaller allocations (1% each), indicating a focus on balancing token value and ecosystem development.

Beyond Burns

While token burns are crucial in this strategy, the Sheboshis initiative goes beyond that. By allocating funds to non-profit organizations, the Shiba Inu Foundation, and the development team itself, this comprehensive approach ensures ongoing development, community engagement, and financial sustainability for the entire ecosystem.

The success of this multi-token burn strategy depends on several factors. The Sheboshis NFT collection must generate significant sales revenue to fuel meaningful token burns. Additionally, market forces and community sentiment will influence the long-term impact on token value, presenting both opportunities and challenges.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Read Also: Do Kwon Resurfaces to Correct Misinformation and Falsehood Making the Rounds about Terra

Shiba Inu’s innovative use of NFTs to fuel token burns offers valuable insights for other crypto projects grappling with token supply and value management. This novel approach presents an opportunity for other communities to explore innovative solutions, inspired by the Sheboshis initiative.

Shiba Inu’s multi-token burn strategy through the Sheboshis NFT collection is a bold move with the potential to benefit the entire ecosystem. While challenges exist, the potential for token value appreciation and sustainable growth makes this initiative one to monitor closely. The Shiba Inu community eagerly awaits the outcome of this gamble, hoping for a prosperous future.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Shiba Inu Expands Burn Strategy: This New Project Will Burn More Than Just SHIB appeared first on Times Tabloid.

Taking to X, Lucie described Shibarium, the layer-2 scaling solution, as a little guy whose ambitious dream is on the verge of coming to fulfillment.

Read Also: Top Shiba Inu Team Member Foresees SHIB Meteoric Price Surge, Shares Optimistic Viewpoint

Going further, Lucie noted that the Shiba Inu development team intends to collaborate with top entities in the crypto space to improve the Shibarium functionalities. 

In addition, she reported that tokens central to Shiba Inu’s operations, like SHIB, BONE, and LEASH, will also be crucial in Shibarium’s anticipated top-notch performance.

Get Ready for #Shibarium's Big Win!

In the world of Layer 2 solutions, Shibarium is the little guy with big dreams. Those dreams are about to come true! We're teaming up with some awesome partners to make Shibarium even stronger. With assets like $SHIB, $BONE, and $LEASH,… pic.twitter.com/tVmwM0Um3Z

— 𝐋𝐔𝐂𝐈𝐄 | Shibarium (@LucieSHIB) February 12, 2024

Wen Shiba Inu (SHIB) Value Appreciation?

Speculating when she expects Shiba Inu (SHIB) price appreciation, Lucie noted that she sees such happening during the peak of the 2024 bull run.

She added that at the onset of the bull season, money will first flow into Bitcoin (BTC), then extend to other top altcoins. Furthermore, Lucie pointed out that profits from trading BTC and other altcoins will eventually go into smaller-scale cryptocurrencies, including Shiba Inu native tokens.

Lucie wrote, “When the bull run hits, money flows into big players like Bitcoin and major altcoins. Then, it starts trickling down to smaller gems like Shibarium. That’s when we’ll truly shine!”

2024 Bull Season – Peak Period? 

Having mentioned the peak of the 2024 bull season as the anticipated period for the Shiba Inu (SHIB) price rally, Lucie failed to state specifically when this expected bull season will happen. 

However, as with the sentiment shared by most crypto faithful, the bull season has been slated to play out after the Bitcoin halving event, which is estimated to happen in 62 days, according to ConMarketCap.

Moreover, price statistics for crypto assets are currently reading green across several price variables. Could it be that the 2024 rally is almost upon us? Or could it be just a transient market surge? It is left to see how events unfold. For now, the bull season interpretation remains a speculation.

Read Also: Here’s When Shiba Inu (SHIB) Is Projected To Hit $0.05

At press time, Shiba Inu (SHIB) was changing hands at roughly $0.0000099, reflecting a 4.2% upswing in the past 24 hours, according to CoinMarketCap. The crypto tracking site also revealed BTC’s price to be at around $52300, mirroring a 5.4% surge in the last 24 hours.

The prices above will go a long way in explaining the current state of the crypto market, especially justifying the ongoing rally.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Shibarium Sees Surge In Adoption

Shibarium, the Shiba Inu layer-2 scaling solution, recently saw its adoption spike after scoring a new integration with a prominent non-custodial wallet provider, Frontier.

The new partnership will make the Shibarium accessible to more than one million Frontier users, paving the way for accelerated adoption and user base expansion.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Shiba Inu Marketing Specialist Predicts When SHIB Price Will Take Off appeared first on Times Tabloid.

This breakthrough addresses long-standing concerns about scalability and unlocks exciting possibilities for the Shiba Inu community.

How to bridge Bone from Ethereum Mainnet to Shibarium: a quick and simple guide! pic.twitter.com/vT7CDjswUO

— Shib (@Shibtoken) January 30, 2024

Read Also: Top Shiba Inu Proponent Emphasizes the Need For Decentralized Distribution of SHIB, BONE, and LEASH

Bridging the Gap

To make the migration process effortless, the official Shiba Inu X account has released a video guide with easy-to-follow steps. Here’s how you can transfer your BONE tokens:

– First, ensure that your BONE tokens are stored in a Web3 wallet like MetaMask.
– Visit [https://shibarium.shib.io/bridge](https://shibarium.shib.io/bridge) and connect your wallet by simply clicking the “Connect” button.
– Enter the desired amount of BONE tokens you wish to migrate and click “Transfer.”
– You’ll need to authorize the transaction through your wallet. Keep in mind that the process involves two separate transactions, which may take approximately 20 minutes to complete.
– To view your BONE tokens on Shibarium within MetaMask, add the network using chain.shibrpc.com.

While Shibarium does not currently support staking and delegation features, the bridge enhances transaction speed and reduces costs for BONE holders. This aligns with Shibarium’s goal of improving scalability and user experience within the Shiba Inu ecosystem.

The Shiba Inu community, lovingly referred to as the “Shib Army,” has welcomed the bridging guide with open arms. Numerous users have successfully migrated their BONE tokens already, showcasing the community’s active involvement and unwavering enthusiasm.

Community Cheers, But Questions Linger

The successful early migration of BONE has sparked excitement in the community, as many anticipate the activation of its full potential on Shibarium. This promises not only additional utility for BONE holders but also potentially lucrative returns.

However, several key questions linger. Firstly, a clear roadmap detailing the long-term vision and development plan for Shibarium is imperative for maintaining community engagement and attracting broader adoption.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Read Also: SHIB News: Shibarium Resumes Block Production, Resolving Stuck BONE Tokens

Additionally, the integration of Shibarium raises concerns about its potential impact on other ecosystem tokens like LEASH and SHIB. Addressing these uncertainties and outlining a transparent and inclusive future for the entire ecosystem will be crucial for Shibarium’s long-term success.

The introduction of the BONE bridge marks a significant milestone in the evolution of the Shiba Inu ecosystem. As Shibarium continues to evolve, we can anticipate further integrations and functionalities that will unlock fresh opportunities not only for BONE but for the entire Shiba Inu community. Exciting developments lie on the horizon in the coming months.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Shiba Inu Team Explains How to Bridge BONE From Ethereum Mainnet to Shibarium appeared first on Times Tabloid.

Through her statement, she aimed to underscore the power and collective strength of the SHIB Army. While acknowledging the role of large token holders, Lucie emphasized the need for a balanced distribution of power to avoid potential market volatility.

Read Also: Shibburn Shares Likely Shiba Inu Price All-time High Without Vitalik Buterin 2021 SHIB Burn

This perspective aligns not only with the BONE token but also with other Shiba Inu tokens like SHIB and LEASH, recognizing the significance of market dynamics and timing.

Lucie noted, “I don’t mind when whales sell because I’d rather see 100 people holding 10,000 $Bone each than 1 person holding 1 million $BONE. Power to the people. Power to #SHIBARMY. But, of course, whales are also part of the game. It’s the balance of power, positive momentum, and good timing that will drive the price… same for $SHIB $LEASH”

I don't mind when whales sell because I'd rather see 100 people holding 10,000 $Bone each than 1 person holding 1 million $BONE.

Power to the people. Power to #SHIBARMY.

But, of course, whales are also part of the game.

It's the balance of power, positive momentum, and good…

— 𝐋𝐔𝐂𝐈𝐄 | Shibarium (@LucieSHIB) September 13, 2023

Advocating for a Democratic Token Distribution System

Lucie’s tweet emphasizes the benefits of distributing tokens among a larger number of holders rather than concentrating them in the hands of a few entities. She believes that a democratic token distribution system empowers the community and reduces the potential for adverse market movements caused by concentrated power.

By advocating for a more inclusive approach, Lucie highlights the significance of the SHIB Army and the collective strength it represents within the Shiba Inu ecosystem.

While Lucie acknowledges the presence of large token holders, often referred to as whales, she emphasizes the importance of finding a balance of power within the crypto market. By preventing excessive concentration, a decentralized distribution can enable positive momentum and well-timed actions, contributing to the growth and stability of digital assets.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Read Also: Top Shiba Inu Team Member Foresees Potential SHIB Bull Run, Recommends Dollar-Cost Averaging (DCA)

BONE Token Holders and Market Insights

Official records indicate that there are currently 91,580 holders of BONE. This significant number of holders demonstrates the community’s engagement and participation following the launch of Shibarium. The report also highlights that a majority (68%) of the wallets holding BONE are in profit, indicating positive sentiment within the Shiba Inu community.

It is worth noting that while Lucie cites the example of BONE, her sentiment encompasses other Shiba Inu tokens, including SHIB and LEASH. She underlines that the market dynamics and timing play vital roles in the value growth of these tokens.

Fostering Community Power and Market Dynamics

Lucie’s perspective on democratic token distribution and community empowerment sheds light on the importance of balancing power within the crypto market. By ensuring a decentralized distribution, the Shiba Inu community strives to harness the collective strength of the SHIB Army and promote stability in token value.

With a significant number of BONE token holders and positive market sentiment, the Shiba Inu ecosystem continues to demonstrate its resilience and commitment to fostering an inclusive and dynamic environment for its community.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Top Shiba Inu Proponent Emphasizes the Need For Decentralized Distribution of SHIB, BONE, and LEASH appeared first on Times Tabloid.

BitMEX, widely recognized as a leading crypto trading platform, continues to expand its offerings by introducing two new perpetual contracts for Shiba Inu on its platform. This strategic move provides BitMEX users with the opportunity to engage in both long and short positions for SHIB, utilizing leverage of up to 33x.

Buckle up #SHIBARMY

Tomorrow, two new perpetual listings for SHIB will arrive at BitMEX:$SHIB $USD$SHIB $USDT

…with up to 33x leverage.

Contract details
https://t.co/sou2P4SziQ pic.twitter.com/SmW4I8Ptox

— BitMEX (@BitMEX) August 29, 2023

Similarly, BitMEX has demonstrated its support for the governance token of the Shiba Inu ecosystem, Bone ShibaSwap (BONE), by launching two new perpetual trading pairs: BONEUSDT and BONEUSD. These pairs offer leverage options of up to 5x.

More listings for #SHIBARMY are arriving tomorrow:$BONE $USD$BONE $USDT

…with up to 5x leverage.

Contract details https://t.co/Y4gxlsvyE0 pic.twitter.com/PngXxKoz83

— BitMEX (@BitMEX) August 29, 2023

BitMEX: A Premier Trading Platform

Established in 2014, BitMEX has solidified its position as a leading cryptocurrency exchange and derivative trading platform. Through its user-friendly interface, traders can seamlessly buy and sell over 26 cryptocurrencies while enjoying low transaction fees.

According to CoinMarketCap, BitMEX currently occupies the 38th spot in terms of daily trading volume among cryptocurrency exchanges. Recent CoinMarketCap data reveals that the platform recorded a trading volume of $568,470 in digital assets within the last 24 hours.

Shibarium’s Milestone Achievement

This development coincides with the recent milestone achievement of Shibarium, the newly launched Layer-2 blockchain of Shiba Inu. Surpassing the threshold of 500,000 transactions, Shibarium continues to solidify its utility within the ecosystem.

Data from Shibariumscan.io, the dedicated blockchain explorer for Shibarium, indicates that the network has successfully processed a total of 541,533 transactions thus far. Furthermore, the number of unique wallet addresses connected to Shibarium has risen to 337,109. As of now, the Mainnet has produced 372,462 blocks, boasting an impressive average block time of just 5 seconds.

BitMEX’s introduction of four new perpetual contracts tailored to the Shiba Inu ecosystem amplifies the opportunities for traders seeking exposure to SHIB and BONE.

As Shibarium continues to exemplify its utility by surpassing significant transaction milestones, the growth and potential of the Shiba Inu ecosystem remain compelling.

Traders and enthusiasts alike eagerly anticipate the further development and expansion of these offerings, fueling the continued success of both BitMEX and the Shiba Inu community.

Follow us on Twitter, Facebook, Telegram, and Google News

The post BitMEX Exchange Launches Four New Perpetual Contracts For Shiba Inu (SHIB) and BONE appeared first on Times Tabloid.

Shibariumscan, the blockchain explorer for Shibarium, reports that the number of interacting wallet addresses on the L2 blockchain has exceeded 51,000, with 51,028 wallets currently active. This surge in wallet addresses with thousands of new addresses in a few hours, led to projections of reaching 100,000 wallets in the coming days.

Read Also: Shiba Inu Investor Amasses $514,000 Profits from BONE Amid Shibarium Hype. Here’s how

Impressive Milestones in Transactions and Block Production

In addition to the increase in wallet activity, Shibarium has also achieved notable milestones in transaction count and block production. The mainnet has recorded a total of 148,181 transactions, with 286,258 blocks produced at an average block time of five seconds. Just yesterday, Shibarium set a new record for daily transactions, reaching an astonishing 100,905.

Despite facing technical issues that temporarily halted activity, Shibarium has shown resilience and has successfully resumed block production. The development team has implemented important features, including monitoring and auto server reset capabilities, to prevent similar technical issues caused by high traffic in the future.

With these optimizations, Shibarium aims to surpass the performance of its testnet. The data from Puppyscan, which tracks Shibarium Beta on Puppynet, reveals that over 17 million wallet addresses have connected to the platform. Puppynet has also produced 2,219,000 blocks at an average time of 6.8 seconds.

Increasing BONE Staking

In a parallel development, Shiba Inu ecosystem’s marketing specialist, Lucie, shared details about BONE staking. Users have staked an impressive 15,327,440.0901 (15.2 million) BONE tokens, as revealed in a screenshot attached to the tweet.

Lucie also mentioned that users can stake their BONE on Ethereum without the need to bridge their tokens onto Shibarium. Additionally, she provided insights into BONE delegation for Shibarium users.

What is $BONE delegation for Shibarium

(Yes! it's done on ethereum, you don't need to bridge your tokens)

Delegating Bone to validators involves entrusting them with the responsibility of safeguarding your asset. In appreciation for your trust, validators reward you with… pic.twitter.com/mVcwmj0gEY

— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) August 25, 2023

Read Also: As Shiba Inu Awaits Shibarium Impact, Top Tech Firm Pinpoints Major Force To Send SHIB to $0.01

The rising number of staked BONE tokens highlights the community’s engagement with Shibarium and its commitment to participating in its growth.

As Shibarium continues to perform optimally, it is poised to surpass previous records, solidifying its position as a robust and promising layer-2 solution for the Shiba Inu blockchain.

Growing Excitement and Future Prospects

The rapid growth and impressive statistics of Shibarium have generated significant excitement within the Shiba Inu community and the wider cryptocurrency space. As more users join the platform and explore its capabilities, the future prospects for Shibarium appear promising.

The ongoing scaling efforts, combined with the dedication of the development team and the community’s involvement, indicate a positive trajectory for Shibarium’s continued success.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Shiba Inu: Shibarium Sees Surge in Usability As Wallets Surpass 51k with Over 15M BONE Staked appeared first on Times Tabloid.

Shibarium Halts Producing Blocks Again

Today, the Ethereum-derived layer-2 Shibarium network initially resumed its operations but then suddenly ceased block production. The most recent transaction recorded on the Shibarium platform took place at 5:42 AM UTC on August 17.

Concerns are arising within the cryptocurrency community, drawing parallels between the issues faced by the Shibarium Mainnet and the problems that emerged post the launch of its testnet. Doubts regarding the blockchain’s robustness, security, and scalability have been voiced.

Beosin, a renowned blockchain security agency, suggests that users avoid Shibarium for the time being, especially as assets amounting to around $1.7 million in ETH are jammed in the bridge. While efforts to resolve the challenges are underway, there are murmurs that the stuck Ethereum might be irretrievable and that Shib Mainnet RPC isn’t working properly.

Transactions on #Shibarium are stuck in a pending state.
$1.7M are currently locked on ETH.

Users are advised to temporarily stop using shibarium.https://t.co/io5puAibBc https://t.co/q2SXqtthoO

— Beosin Alert (@BeosinAlert) August 17, 2023

Large Holders Selling SHIB, BONE, LEASH Tokens

Earlier, reports have shown that whales and traders will sell Shiba Inu ecosystem tokens. Verified data indicates a spike in such large holder activity, notably for SHIB, BONE, and LEASH tokens, leading to a dramatic dip in their values following the Shibarium mainnet’s roll-out.

According to Lookonchain, a whale offloaded all its BONE and SHIB assets, converting them into a staggering 1.07 trillion PEPE coins valued in the millions. This holder shifted a massive 143 billion SHIB tokens to Binance right after the Shibarium block production pause.

Spot On Chain also brought to light that another whale settled his BONE transactions just ahead of the Shibarium introduction, racking up a handsome profit of $866k. This holder has now completely exited his BONE position.

#Shibarium encountered issue just 2 hrs after its launch on Aug 16, 10 PM UTC ~7hrs ago.

We noticed:
1. Whale 0x00b smartly closed his $BONE deal before the launch & price drop. Total profit from $BONE: $866K
2. 964 $ETH ($1.73M) is locked on #Shibarium cross-chain bridge

pic.twitter.com/DFCuCbubqr

— Spot On Chain (@spotonchain) August 17, 2023

In terms of pricing, SHIB’s value has plummeted by 9% in the last day, currently hovering around $0.0000091. The day saw it fluctuate between $0.0000090 and $0.0000099. Concurrently, both BONE and LEASH have taken a 20% hit. BONE is trading at about $1.32, while LEASH is priced at around $449.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Shibarium Halts Producing Blocks Again, Whales Dumping SHIB And BONE appeared first on Times Tabloid.