Shibarium, the Shiba Inu Layer 2 protocol, has made an appearance on a new cryptocurrency platform, advancing its adoption trajectory.
Shibarium is now supported by MathWallet, a multichain Web3 crypto wallet with over 3.5 million users and support for over 150 blockchains, according to a recent release on X.
https://x.com/LucieSHIB/status/1705239906304274444?s=20
Shibarium metrics are also still rising. At this time, Shibarium has completed more than 3 million transactions. Shibarium has accumulated 3,075,418 total transactions, 1,250,295 total wallet addresses, and 776,663 total blocks, according to Shibariumscan statistics.
Recent noteworthy events have also affected BONE, the Shibarium gas token. Users may pay and receive payment in the Shibarium gas token through LaborX, a cryptocurrency-based employment board, which has included the Shibarium gas token Bone ShibaSwap (BONE) as a payment option.
Additionally, BONE’s contract is now being renounced. In light of this, Calcium, a fake token whose production was emphasised as one of the crucial actions to be done in minting and renouncing BONE, is being warned against by Shiba Inu creator Kaal Dhairya.
Dhairya warns the SHIB community against purchasing or trading the Calcium token, which is only a fictitious token with no real liquidity, value, or use.
Shiba Inu whale activity metrics spike
According to data from IntoTheBlock, signs of Shiba Inu whale activity have grown.
This week, the amount of money going into addresses associated with whales or huge holdings jumped by 1,459%.
The netflow of large holdings has increased by 2,326% throughout this time period, showing accumulation from huge investors or whales. According to statistics from on-chain analytics company IntoTheBlock, the amount of major transactions on Shiba Inu has increased by 346% during the last 24 hours.
The volume of transactions during the last 24 hours was strong, reaching 5.31 trillion SHIB, the highest level in the previous seven days. A feeling of the entire amount whales exchanged in a single day is provided by large transaction volume.
Crypto data tracker Whale Alert notes that 4,595,530,677,374 SHIB worth $33,377,339 were moved from the Bitvavo cryptocurrency exchange to an unidentified wallet, which hastened the increase in whale activity.
