Shibarium Archives - Times Tabloid

Shiba Inu Network Surges Over 1,500% in Four Days: Details

Zaccheaus Ogunjobi — Sun, 29 Mar 2026 00:00:35 +0000

Recent data from Shibariumscan shows a sharp but short-lived increase in activity on Shibarium, the layer-2 network associated with Shiba Inu. Within four days, the number of daily transactions rose significantly, increasing from 650 on March 22 to 10,940 by March 26. This represents an increase of approximately 1,583%. This move drew attention from observers who initially interpreted the surge as a sign of growing adoption.

However, this spike was temporary. By March 27, daily transaction volume had fallen to 1,230, suggesting that the earlier rise was not sustained by ongoing demand or consistent user engagement.

Context Behind the Spike

Increases of these magnitudes are often associated with heightened network usage; the underlying factors in this case point to a different explanation. Over recent weeks, Shibarium has undergone multiple infrastructure improvements aimed at enhancing system performance and reliability.

These updates include a full-chain reindexing process, migration to new servers, and a partial reconstruction of the network’s explorer, which is currently not fully synchronized.

As a result of these technical operations, the network experienced a surge in automated activity. This included system-generated transactions such as zero-value BONE transfers and smart contract interactions executed by bots and maintenance processes. These actions contributed significantly to the temporary rise in transaction counts, creating the appearance of increased activity without reflecting actual user growth.

Impact on Network Metrics

The ongoing upgrades have also affected broader network statistics, leading to temporary inconsistencies in reported figures. Before the implementation of these changes, total transaction volume and block count were estimated at approximately 1.56 billion transactions and over 14 million blocks.

During the reindexing period, these figures appeared to drop substantially, with totals falling to around 168 million transactions and 2.4 million blocks earlier in the week. This reduction did not represent an actual loss of historical data but rather a temporary effect of the synchronization process.

When the system began to stabilize, these metrics also started to recover. At the time of reporting, total transactions had increased to approximately 1.27 billion, while the number of blocks had reached 13.75 million. Although these values remain slightly below their previous levels, they are expected to return to normal once the upgrade process is fully completed.

The recent surge in Shibarium’s transaction volume highlights the importance of examining underlying factors when interpreting blockchain data. Although headline figures suggested increased adoption, technical processes and system updates can significantly influence short-term metrics.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Shibarium Sends Crucial Message to Shiba Inu (SHIB) Investors

Zaccheaus Ogunjobi — Tue, 10 Feb 2026 00:00:49 +0000

Shiba Inu investors have been reminded of the importance of a disciplined, long-term approach as the asset continues to experience market pressure. Shibarium Updates recently shared a message emphasizing that patience and consistency are important for handling price fluctuations, stating the value of maintaining focus on long term investment objectives rather than short term movements.

In the message shared on X, Shibarium Updates highlighted the need for emotional control and consistent strategies for investors. The post suggests that success in this case depends largely on investors’ ability to maintain focus and perseverance and not react to every short-term price swing.

The message comes at a time when many market participants are struggling with SHIB’s recent price movements. Despite a partial recovery, the token remains over 90% below its all-time high of $0.00008845. By emphasizing long-term thinking, Shibarium Updates aims to reinforce the benefits of measured responses rather than impulsive trading during periods of sharp decline or consolidation.

Shiba Inu’s Current Price Movement

Shiba Inu’s recent price action shows why such reminders are necessary. Earlier this month, SHIB fell to $0.000005587, representing a 19.07% drop from its opening price on January 1, 2026. Although the token has since rebounded to above $0.000006, the market remains challenging, with short-term gains easily disappearing with broader volatility.

According to data from CryptoQuant, Shiba Inu saw a net exchange outflow of approximately 52.41 billion tokens on February 7, suggesting that a significant number of holders were moving coins off exchanges to retain them rather than sell. While this net outflow has decreased to roughly 1.3 billion SHIB, it still points to renewed interest in holding the asset, highlighting cautious optimism among investors.

What This Means for Long-Term Holders

The Shibarium Updates message is highly relevant for those navigating the current market correction. Investors are encouraged to approach SHIB holdings with patience, resilience, and consistency. Investors also should recognize that periods of decline often test both strategy and emotional discipline.

To succeed, they must maintain focus and prioritize long-term objectives. This approach is more likely to provide a competitive advantage over those reacting purely to short-term fluctuations.

SHIB’s recent rebound offers some relief, but the asset is still far from its previous peak, and this will be a challenge for bulls in the near term. Shibarium Updates’ message is a relevant reminder that the cryptocurrency space requires patience, strategic thinking, and the ability to withstand volatility without deviating from one’s investment plan.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers should conduct in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Shiba Inu (SHIB) Team: Why Shibarium Will Survive and Come Back Stronger

Solomon Odunayo — Sun, 05 Oct 2025 04:41:53 +0000

Lucie, Shiba Inu’s marketing lead, has addressed the recent difficulties facing Shibarium, presenting a clear message that the network’s story is far from over. Despite the exploit that disrupted operations and the decline in activity that followed, she maintains that Shibarium is equipped for recovery and long-term growth.

Her comments highlighted resilience, the role of its community, and the expansion of new utilities that could strengthen the blockchain as it moves into its next phase.

Addressing Security Concerns

The hack that affected Shibarium revealed vulnerabilities within the system, but Lucie highlighted that steps are already underway to address them.

The Shibarium network was exploited on September 12, 2025, when attackers drained an estimated $2.3 to $4.1 million by manipulating validators through a flash loan. The incident caused a decline in the value of ecosystem tokens, forced a halt in bridge operations, and redirected attention toward improving network protections.

In response, the development team is tightening validator control, implementing enhanced security measures, and conducting additional audits. Rather than being a permanent setback, Lucie framed these issues as opportunities for the network to reinforce its defenses and become more robust over time.

Strong Infrastructure and User Base

Another point Lucie underlined is the scale of Shibarium’s existing operations. The blockchain has already processed over one billion transactions and has seen hundreds of millions of wallets onboarded.

While activity slowed in the aftermath of the exploit, this level of infrastructure does not simply disappear. Lucie noted that it forms a strong base upon which renewed activity and growth can be built.

The Role of the Shib Army

Community engagement remains one of Shibarium’s strongest assets. Lucie described the Shib Army as loyal and persistent, highlighting that this movement goes beyond technology and taps into collective commitment.

In her view, SHIB holders are not easily discouraged by setbacks, and their continued involvement provides the network with stability and energy that many other projects lack.

Expanding Beyond Its Meme Origins

Lucie also drew attention to Shibarium’s efforts to grow past its beginnings as a meme-driven blockchain. She pointed to ongoing developments in areas such as stablecoins, decentralized finance, NFTs, gaming, and even discussions of a Layer 3 network. This push toward expanding utility, she argued, is essential for Shibarium’s evolution from a speculative asset into a blockchain with lasting relevance.

Community-Led Token Burns

Token burns remain another mechanism for strengthening the ecosystem, and Lucie stressed that they are not just a technical process but a community-driven initiative. The more Shibarium is used and developed, the greater the impact of these burns. She described this as a reinforcing cycle that ties the network’s success to the active participation of its holders.

Lucie concluded by framing Shibarium’s challenges as part of a larger recovery story. In the broader cryptocurrency space, comebacks are often celebrated, and if Shibarium manages to rebound, it could strengthen its reputation significantly.

With its scale, community backing, and ongoing development efforts, she insisted that the network is far from finished. Instead, she sees Shibarium as evolving, with its next chapter set to be defined by stronger infrastructure and renewed focus.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Shiba Inu’s Shibarium Hits Major Milestone in Record Time

Zaccheaus Ogunjobi — Wed, 02 Apr 2025 19:00:17 +0000

Shiba Inu’s Layer-2 blockchain, Shibarium, has reached a significant milestone by processing over one billion transactions since its launch in August 2023. This achievement highlights the network’s growing adoption and its ability to handle large-scale transaction volumes efficiently.

On March 31, 2025, Shibarium officially recorded its one-billionth transaction, marking a major milestone in its development. The network achieved this feat in just 593 days, or approximately one year and seven months, making it one of the fastest blockchains to reach this benchmark.

In comparison, Bitcoin, the world’s first and most established blockchain, took 15 years to surpass one billion transactions. This demonstrates Shibarium’s rapid adoption and the active participation of its user base. Despite experiencing technical setbacks in its early days, such as a temporary outage shortly after launch, the network has remained operational and continued to grow steadily.

Daily Transaction Volume and Other Key Metrics

Shibarium has maintained a high transaction volume, recently processing approximately 4 million transactions in a single day. As of now, the total number of transactions on the network stands at 1,001,311,027 (1.001 billion).

In addition to transaction volume, other key metrics further illustrate Shibarium’s progress. The network has generated a total of 10,233,246 blocks, with an average block time of 5.0 seconds, ensuring fast and efficient processing. Furthermore, 193,929,845 blockchain addresses have interacted with the network, showcasing its widespread usage.

Current Network Activity and User Engagement

While the total number of registered accounts on Shibarium has reached 248,608, the number of actively engaged accounts has fluctuated. At present, only 917 accounts are active, representing a significant decline of 89.01% from the previous day’s total of 8,346 active users.

Despite this drop in active users, the overall transaction count and block production indicate that the network remains highly functional. The fluctuations in daily user activity may be influenced by various factors, including market conditions and evolving user behavior within the ecosystem.

Future Prospects

Shibarium’s ability to surpass one billion transactions in such a short period underscores its potential as a robust Layer-2 scaling solution for the ecosystem. With continued adoption and potential improvements to its infrastructure, the network could further solidify its position among leading blockchain platforms.

Moving forward, it will be important to monitor how Shibarium maintains user engagement and continues to scale. The network’s rapid growth suggests it could play an increasingly significant role in blockchain adoption and decentralized finance applications in the coming years.

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SHIB Exposure: Top Exchange Takes Shibarium to 40 Million New Users

Solomon Odunayo — Sun, 15 Dec 2024 03:53:54 +0000

Shibarium, Shiba Inu’s layer-2 blockchain solution, has been integrated into Bitget Wallet, a prominent non-custodial wallet with over 40 million users across 168 countries. This development is expected to enhance Shibarium’s utility and accessibility for the broader crypto community.

Integration Confirmed

Bitget Wallet recently added Shibarium to its list of supported blockchains. The news came to light through a post shared on X by Shibarium Update, a channel dedicated to Shiba Inu developments. The post included a screenshot as evidence of the integration and confirmed that users can now access the blockchain’s features through the wallet.

Notably, Bitget has not released an official statement regarding the integration. Furthermore, while the blockchain is supported on the Bitget Wallet, it has not yet been incorporated into the Bitget exchange.

Expanded Functionality for Users

The integration allows Bitget Wallet users to interact with it in various ways, including storing, transferring, swapping, and staking assets within the ecosystem. This new functionality is expected to encourage greater participation in the blockchain network, potentially boosting transaction volumes and user engagement.

Bitget Wallet, launched in May 2018, has established itself as a trusted platform for storing and managing cryptocurrency assets. Its significant user base provides an opportunity to expose Shibarium to millions of new users, further expanding the reach of the Layer-2 blockchain.

Recent Milestones

The Shibarium network has demonstrated consistent growth since its launch in August 2023. Recently, the blockchain surpassed two major milestones, including reaching over 2 million wallet addresses and exceeding 600 million total transactions.

As of now, the transaction count has risen to approximately 645.74 million, with an average daily transaction volume of 4.58 million. These statistics highlight the growing adoption of Shibarium, underscoring its potential as a major player in the blockchain space.

Adoption Among Wallets and Exchanges

Despite its progress, the integration into major crypto platforms remains limited. Only a few leading exchanges, such as Gate.io and BluBit, have incorporated Shibarium into their services. Additionally, wallets like Frontier and GroveX have integrated Shibarium into their platforms, while MetaMask users can access the blockchain via the Chainlist feature.

The community continues to advocate for broader adoption of the blockchain, urging major platforms like Binance, Coinbase, and Ledger to offer support. These efforts are part of a larger push to establish Shibarium as a widely accessible and versatile Layer-2 solution.

The integration of Shibarium into Bitget Wallet represents a pivotal step forward for the ecosystem. With Bitget’s extensive global user base, the move has the potential to drive significant growth and activity on the network. As the community continues to push for broader adoption across exchanges and wallets, the network’s trajectory remains promising.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Shiba Inu Lead Dev Shares How to Bring Major Exchanges to Shibarium

Solomon Odunayo — Sat, 23 Nov 2024 05:05:20 +0000

Shytoshi Kusama, the enigmatic leader of the Shiba Inu ecosystem, recently delved into what needs to be done for the Shibarium network to gain traction with major centralized exchanges (CEXs). His insights shed light on the current challenges and potential strategies to elevate Shibarium’s status in the highly competitive blockchain space.

Kusama Identifies Shibarium’s CEX Challenges

Kusama’s comments came in response to concerns raised on X by the team behind FEED, a meme coin project operating within the Shibarium network. The FEED team highlighted frustrations within their community, stating that many traders who focus on Shibarium tokens have become discouraged due to low level of adoption by centralized exchanges. This lack of attention has hindered the broader utility and growth of tokens within the ecosystem.

Tagging Kusama directly, the FEED team asked for clarity on the path forward. Kusama, before addressing their concerns directly, took the opportunity to confront misinformation in the comment section, where some individuals had misrepresented his identity. This, he explained, diverted attention from the real issue at hand: increasing adoption within the ecosystem.

Kusama asserted that the key to overcoming the low adoption rate by CEXs lies in driving mass adoption of the Shibarium network. He explained that centralized exchanges are inherently driven by traffic and user activity, making it crucial for Shibarium to showcase a vibrant and engaged community. This, he argued, would naturally attract attention from major platforms.

The Roadmap to Shibarium’s Success

The Shiba Inu leader also acknowledged the rising competition in the blockchain space, especially as many centralized exchanges are building their own layer-2 solutions and sidechains. This trend has raised the bar for networks like Shibarium, making it essential to stand out by fostering significant user engagement and market activity.

Kusama outlined a comprehensive strategy for the Shiba Inu community to elevate the network’s visibility and appeal. He stressed the importance of establishing partnerships with key players, carving out unique niches for the ecosystem, and generating sustainable revenue streams. These steps, he noted, would not only increase demand for Shibarium tokens but also position the network as a serious contender in the blockchain space.

According to Kusama, the first step is to solidify Shibarium’s technical foundation. This involves ensuring the network’s infrastructure is robust and capable of handling large-scale adoption.

Once the foundation is established, the focus should shift to driving adoption within the Web2 space, a strategy that could bridge traditional users to the decentralized ecosystem. Finally, scaling the network would create a virtuous growth cycle, attracting even more users and projects.

Kusama also pointed out the potential impact of a breakout token within the Shibarium ecosystem. He cited examples from other blockchains, such as Solana, which experienced rapid adoption following the success of meme tokens like Dogwifhat (WIF) and Bonk.

According to him, a similar phenomenon in Shibarium could spark widespread interest and attract the attention of major exchanges.

Progress and Innovations in the Shiba Inu Ecosystem

Despite the challenges, Kusama emphasized the progress made within the Shiba Inu ecosystem. He highlighted several initiatives that are laying the groundwork for long-term success. For example, the development of a decentralized autonomous organization (DAO) is aimed at empowering the community with governance tools, while the introduction of liquid staking on Shibarium adds another layer of functionality to the network.

These innovations demonstrate the team’s commitment to building a robust ecosystem capable of sustaining growth and attracting major players in the crypto space. Kusama expressed confidence that these efforts, combined with a focus on adoption and partnerships, would eventually lead to the recognition of Shibarium by major centralized exchanges.

Kusama’s vision for Shibarium’s future is clear: the path to success lies in mass adoption, strategic partnerships, and continuous innovation. By addressing the current challenges and implementing these strategies, the Shibarium network could position itself as a leader among Ethereum layer-2 solutions, ultimately securing its place in the mainstream crypto landscape.

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Shiba Inu News: Shibarium Hits Record-Breaking Daily Transactions

Tobi Loba — Thu, 31 Oct 2024 13:13:01 +0000

Shibarium, the Layer-2 blockchain solution for Shiba Inu, has seen a significant resurgence following slower growth in recent months. Recently, its core performance metrics showed a substantial uptick, indicating a potential recovery and renewed strength for the network.

In the past, the Shibarium network has faced challenges in maintaining the same performance and scalability as its competitors, particularly those built on Ethereum, such as Base, Optimism, and Arbitrum.

These Ethereum-based Layer-2 solutions have gained popularity due to their ability to offer faster transactions and lower fees while benefiting from Ethereum’s robust security and decentralized infrastructure.

Nevertheless, the recent Shibarium revival could provide the network with the momentum needed to reinforce its standing in the rapidly evolving and highly competitive Layer-2 market and potentially close the gap with its rivals as the demand for scalable blockchain solutions grows. By capitalizing on this upward trend, Shibarium could become a more formidable player in the Layer-2 space.

Shibarium Achieves Major Transaction Milestone

The notable records of the past few days indicate a significant increase in user engagement, demonstrating a robust upward trend in activities on the platform. On October 24, the total number of transactions reached an impressive 4.77 million. This surge in transaction volume reflects a growing interest and participation among users.

Additionally, Shibarium achieved a remarkable milestone by processing over 423 million transactions. This figure highlights its capacity to manage a substantial number of operations effectively. Moreover, these transactions have been conducted across approximately 1.86 million unique wallets.

Potential Implication on SHIB

These statistics highlight a growing confidence among users in Shibarium’s ability to manage decentralized applications (dApps) effectively. As network activity surges, it may lead to an increased demand for SHIB as a utility token within the ecosystem.

This uptick in usage occurs despite a weekly decline of 2.7% in the value of the meme coin, suggesting that users remain optimistic about the platform’s potential and its applications. This confidence could bolster SHIB’s role as a functional asset within Shibarium, even as the market faces fluctuations.

As of report time, Shiba Inu exchanges hand at $0.00001801, accompanied by a trading volume of $233.74 million over the last 24 hours, indicating a decrease of 15.47% within that time frame.

Shibarium Sets New Record for Total Value Locked (TVL)

Shibarium marked a notable achievement almost a month ago when the network’s Total Value Locked (TVL) reached a historic high (ATH) of $7.03 million as revealed by Lucie, the marketing lead for Shiba Inu. She emphasized that the TVL has been consistently setting new daily records, reflecting a rising commitment from investors to Shibarium’s decentralized finance (DeFi) initiatives.

This increase in TVL signifies a steady influx of capital, suggesting that investors maintain a strong interest and confidence in Shibarium’s DeFi ecosystem.

Nevertheless, while the impressive TVL figures showcase the network’s potential for growth, the protocol is under pressure to sustain these levels. Currently, the Total Value Locked has reverted to approximately $3 million.

Shibarium Hit by Rug Pull

While Shibarium has experienced significant growth and development, it recently encountered a serious setback with the BEAST token. In a troubling turn of events, the BEAST team abruptly ceased all communication with investors, having drained their funds in what is known as a rug pull. This incident has raised concerns within the community about the safety and reliability of investments on the Shibarium platform.

The BEAST token debuted on the Shibarium-based decentralized exchange, ChewySwap, on September 20. It was initially launched with a trading pair consisting of Wrapped BONE (WBONE), with a liquidity pool that included 7 million BEAST tokens and 2,950 WBONE tokens.

This initial offering attracted considerable interest from investors, spending between $20 and $300 to acquire the token. However, just two hours after the launch, the liquidity was unexpectedly withdrawn. This triggered a significant price collapse, leaving many investors at a loss.

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Shiba Inu Hints At Major Announcement

Solomon Odunayo — Sat, 10 Aug 2024 05:01:38 +0000

The Shiba Inu ecosystem team has revealed that its liquid staking partner, K9 Finance DAO, will make a significant announcement at the upcoming ETHToronto conference. This news has generated excitement within the KNINE and SHIB communities, with the team encouraging attendees to visit their booth for more information.

K9 Finance DAO’s Achievements

K9 Finance has achieved several milestones, including the launch of closed-beta testing for its liquid staking platform, bridging its native token KNINE to Shibarium, and becoming an official validator of the leading L2 scaling solution. These accomplishments demonstrate the partner’s commitment to innovation and growth.

The ETHToronto conference is part of the Blockchain Futuristic Conference (BFC) and Canada Crypto Week, taking place on August 13-14, 2024, in Toronto, Ontario. Shiba Inu is a title sponsor of the event, providing a dedicated booth to showcase its projects and partner initiatives, including K9 Finance.

Last year, Shiba Inu sponsored the ETHToronto conference, where the team announced the mainnet launch of Shibarium, its L2 scaling solution. Since then, Shibarium has processed over 400 million transactions, achieving significant success. This year’s conference promises to be just as memorable, with K9 Finance’s major announcement expected to generate excitement.

K9 Finance’s Upcoming Launch

The K9 team plans to roll out the second phase of its liquid staking platform in Q3 2024, launching on Shibarium mainnet. This platform will enable users to swap their staked BONE tokens for K9’s liquid asset, knBONE, enhancing the overall user experience.

Community Expectations

The Shiba Inu community is eagerly anticipating the announcement, speculating about potential developments. Some expect an update on Shibarium’s growth, while others anticipate new partnerships or innovations.

In conclusion, the Shiba Inu ecosystem and K9 Finance DAO are poised for significant developments, with the upcoming ETHToronto conference serving as a catalyst for growth and innovation. Attendees can expect exciting news and updates from both teams, further solidifying their positions in the blockchain space.

The partnership between Shiba Inu and K9 Finance DAO is a testament to the growing importance of liquid staking in the blockchain ecosystem. As the space continues to evolve, it is expected that further innovations and collaborations will take place. The ETHToronto conference will be a pivotal moment for both teams, showcasing their commitment to innovation and community engagement.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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SHIB Army Excited as Binance Hints at Shibarium Support

Solomon Odunayo — Tue, 16 Jul 2024 12:48:45 +0000

Shiba Inu enthusiasts are in a frenzy after a cryptic tweet from Binance, the world’s largest cryptocurrency exchange, sparked speculation about potential support for the Shiba Inu ecosystem. The post, captioned “Pawsitively prepped for the next chapter!”, featured an image of a dog looking intently at two oranges resting on top of luggage.

This seemingly innocuous post ignited a firestorm of theories within the Shiba Inu community. Many community members, including prominent figure Sand (@Sand_ShibArmy), interpreted the message as a hint towards Binance integrating Shibarium, Shiba Inu’s Layer-2 scaling solution.

This integration would allow users to deposit and withdraw SHIB and other Shiba Inu ecosystem tokens directly on the Shibarium blockchain, potentially boosting transaction speeds and reducing costs.

Furthermore, speculation swirled around the possibility of Binance offering incentives related to BONE and LEASH, the governance and utility tokens within the Shiba Inu ecosystem. Popular community member Kuro (kuro_9696_9696) even went a step further, redesigning Binance’s image to incorporate the logos of Shibarium, BONE, and LEASH, seemingly solidifying this interpretation for some.

It’s important to note that Binance has not made any official announcements regarding Shibarium support or incentives for BONE and LEASH. While the tweet has undoubtedly ignited excitement, the true meaning behind it remains unconfirmed.

Efforts to Increase Shiba Inu (SHIB) Burns

This news comes amidst ongoing efforts from the Shiba Inu community to encourage leading cryptocurrency exchanges to participate in SHIB burning initiatives. The community has previously expressed a desire for Binance and Coinbase to implement SHIB burns, potentially utilizing a portion of trading fees to burn tokens.

On July 9, community figure Lola requested that Binance CEO Richard Teng consider extending the exchange’s ongoing LUNC burn program to SHIB. SHIB token burns can help boost its price, as the reduced supply can create scarcity.

Beyond Shibarium, the post also sparked speculation among fans of other dog-themed tokens, such as Pawswap (PAW), who hope it might foreshadow support for their favorite assets.

While Binance has yet to respond to this request, incorporating SHIB burning into its operations could significantly reduce the token’s overall supply. According to Shibburn, a platform tracking SHIB burn activity, over 410.7 trillion SHIB tokens have already been burned. This leaves the current total supply at roughly 589.27 trillion, and the circulating supply at $583.3 trillion.

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Shiba Inu (SHIB) Team Announces Giveaway. Here’s How to Join

Tobi Loba — Fri, 21 Jun 2024 06:55:24 +0000

SHIBA SWEEPERS, a rising NFT project within the Shiba Inu ecosystem, has generated excitement with the announcement of an upcoming giveaway for Shibarium users.

SHIBA SWEEPERS is a community-driven project aiming to become a cornerstone initiative in Shibarium. The project’s roadmap outlines a multi-phase approach, with the upcoming NFT launch being a key milestone.

The NFTs will be minted on July 1, 2024, at 7 BONE tokens each. The collection will consist of 10,000 unique NFTs, divided into 3,000 animated and 7,000 PNG formats. The project intends to leverage the MARSWAP NFT Launchpad for the minting process.

Shiba Inu Ecosystem Embraces SHIBA SWEEPERS

SHIBA SWEEPERS has garnered significant support from prominent figures within the Shiba Inu ecosystem. This includes endorsements from LumiBots, the first robot NFT collection launched on Shibarium, and MARSWAP, a leading decentralized exchange (DEX) on the platform.

Lucie (@LucieSHIB), a Shiba Inu ecosystem marketing specialist, recently amplified the project’s reach by reposting the giveaway announcement, emphasizing the importance of supporting Shibarium-based initiatives.

The Roadmap and Community Rewards

The SHIBA SWEEPERS project has a well-defined roadmap. This roadmap is structured into four distinct phases. The initial phase focuses on establishing the project’s foundation by developing a robust online presence through social media channels and a dedicated website. Additionally, this phase lays the groundwork for strategic marketing efforts to raise awareness within the Shiba Inu community.

The second phase revolves around the highly anticipated NFT launch. This phase will include giveaway opportunities, both during and after the minting process, to incentivize community participation and reward early adopters.

The third phase introduces the Sweeper Points System, a mechanism designed to further engage the community and potentially unlock additional benefits for active members. Finally, the fourth and final phase introduces the SWEEP tokenomics and brings the much-awaited dropkick.

A New Chapter for Shibarium

SHIBA SWEEPERS represents a significant addition to the growing landscape of NFT projects on the Shibarium blockchain. The project’s commitment to giveaways, a well-defined roadmap, and a focus on community building aligns with the broader mission of revitalizing the Shiba Inu ecosystem and injecting it with renewed energy.

Analysts have predicted a massive surge for XRP soon, and this could be a turning point for the digital asset.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Times Tabloid is not responsible for any financial losses.

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