Shiba Inu has announced on its official Twitter account a special countdown related to the Shiba Inu ecosystem. The team posted a link to a website that shows a Shiba Inu-themed backdrop countdown, which ends today at 20:00 UTC. Crypto Twitter believes the countdown is related to the highly anticipated layer-2 blockchain solution Shibarium.
Shib Trophias, Shiba Inu developer and co-leader of the SHIB defense team, confirmed in a Dec. 19 tweet that the countdown is the first step in the launch of the Shibarium beta. He said the first step is to update the main website.
First thing is to update our main website. It was much needed and this is our first step as we march towards Shibarium’s Beta launch.
The entire website will not launch all at once. Phased rollouts will happen and we’ll try to make it as smooth as possible.
We hope you like it! https://t.co/lvYa7HvJbL
– Shib Trophias (@ShibaTrophias) December 18, 2022
In addition, the website will be launched gradually and the developers will try to make the launch smooth and trouble-free.
“The first thing we need to do is update our main website. We needed it and this is our first step towards launching the beta version of Shibarium. The entire site will not be launched at once. The rollouts will be done in stages and we will try to make it as smooth as possible.”
Shiba Inu Selloffs by Whales
The market collapse over the past few months has also had an impact on the price of Shiba Inu. Despite Shibarium’s early upgrade, the whales sold SHIB tokens and made millions in profits during the massive rallies in 2021.
Despite massive whale sales and dormant addresses becoming active and selling SHIB tokens, the community remains optimistic about Shibarium’s layer-2 blockchain solution.
While Trophias did not give a specific date, the developer only revealed that Shibarium’s beta would be launched soon. SHIB’s price has jumped more than 4% in the past 24 hours, with the current price trading at $0.000008713.
Bone ShibaSwap (BONE) and Doge Killer (LEASH) prices up
Along with the SHIB price increase, BONE and LEASH tokens in the Shiba Inu ecosystem have seen similar increases in anticipation of the Shibarium launch. In the last 48 hours, the prices of BONE and LEASH have risen by almost 30% and 15%, respectively.
At the time of this writing, BONE is trading at $0.912 and LEASH at $323. Analysts believe that prices can recover in the near term.