![]() ![]() ![]() According to WhaleStats, it’s their third-largest holding, right behind USDC and USDT. Even among the top 100 Ethereum whales, Shiba Inu is a popular choice. ![]() Shiba Inu makes up nearly 12% of the biggest Ethereum investors’ holdings.Users are encouraged to test the platform but are advised not to use real assets and to verify authenticity before connecting their wallets. The beta version of Shibarium Bridge, a cross-chain solution, is now live for public testing, according to a tweet from LucieSHIB, a marketing specialist for the Shiba ecosystem.The developers have been teasing the launch of Shibarium and it is expected that Shibarium will be live in the next couple of months.īefore we get into the detailed analysis, let us quickly look at the latest news: Shiba Inu Latest News, July 28th The most important development is the development of the Shibarium, Shiba Inu’s own Layer 2 blockchain. However, in the last few months, there has been development with respect to the Shiba Inu’s ecosystem. Without concrete progress and real-world applications, the market sentiment can quickly shift, leading to a loss of interest and value. The decline in Shiba Inu’s position serves as a reminder that sustained development and tangible utility are crucial factors for the success and longevity of a cryptocurrency. As a result, Shiba Inu lost its status as the most prominent meme coin in the market. Despite developers sharing plans for future advancements, much of it remained theoretical and not put into action.įurthermore, the introduction of new meme coins has diverted the attention and interest of buyers away from Shiba Inu and towards other cryptocurrencies. The primary reason behind the significant drop in the Shiba Inu coin’s price was the lack of progress in terms of its utility and development. Shiba Inu, once a highly popular meme coin, has experienced a gradual decline in its presence within the cryptocurrency market. ![]()
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