Here's what may be pushing the ShibaInu price up at the moment. $SHIB WhaleStats
has been gaining momentum today, rising in a series of green hourly candles as it is trading on the Binance exchange against USDT.
The SHIB price has gone up by slightly over 3% — from $0.00001327 to the $0.00001367 level, where it is changing hands now. If the rise continues, we may see a breakout later this week.As reported by U.Today earlier, the lead developer of Shiba Inu, the pseudonymous Shytoshi Kusama, has released a new article in a promised series of Medium articles about the Layer-2 solution called Shibarium.
Kusama stressed that in 2022 he wanted to create a platform that would be different from other similar ones and also would be useful for various projects, not just crypto scammers.According to the article, while working hard on Shibarium, Kusama faced significant damage to his mental health, and this drove him to take a spiritual retreat to recover.
Bone ShibaSwap will be used as the key element on Shibarium as it will be a means of payment for transactions. Part of the transaction fees from every transfer will be converted into SHIB by the developer team and then moved to unspendable wallets, i.e., burned. Earlier this year, Shytoshi Kusama confirmed that large burns will be conducted on Shibarium with trillions of SHIB to be removed from the circulating supply of the meme token.Close to Hundred Million SHIB Burned Last Week, Shiba Inu Price Remains GreenWhaleStats on-chain wallet tracking platform has reported that whales have again started going after the SHIB meme token. It has been pushed into the list of the top 10 most purchased coins among the 100 largest whales on Ethereum.
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