Shiba Inu Team Announces: Big News Coming!

The Shiba Inu (SHIB) team tweeted that they will be making a big announcement soon. In the last days when centralized exchanges are in crisis, we may hear new news for the DEX platform Shibarium.

Shiba Inu investors await ‘big announcement’

The Shiba team reported on Twitter on November 12 that a big announcement is imminent. As the market is currently in an open crisis, the community thinks it will be related to the Layer 2 protocol Shibarium. The announcement came today from Shiba’s official Twitter account. The team wrote in a tweet:

With the announcement, SHIB’s lead developer Shytoshi Kusama got thousands of questions about the release date. He always replied “soon”, only vaguely. The second largest meme token SHIB unexpectedly outperformed the original dog token, Dogecoin, by 30%, as news of Shibarium resurfaced on Twitter.

SHIB outperforms in short timeframes

Those holding SHIB for less than a month are seeing a slight increase, according to IntoTheBlock data. At the end of October, the rate of daily traders was around 3%. SHIB moved with Dogecoin after the news that Twitter was acquired by Elon Musk in late October. It was up over 54% from the low of $0.00000985 on October 25 when news of the acquisition broke out. Meanwhile, it recorded its local top of $0.00001518 on October 29. Apparently, price action attracts short-term traders who jump in to make a profit. It also attracts more users to the Shiba Inu network by increasing the number of short-term holders.

According to WhaleStats data, 1,248,540 investors currently hold SHIB. In late October, that figure was about 1,230,662. This shows that SHIB gained nearly 18,000 owners in just two weeks. Currently, SHIB is trading around $0.000009648, paralleling the drops brought by FTX’s declaration of bankruptcy. Likewise, the current declines have attracted investors who want to buy at a discounted price. Thus, SHIB had the opportunity to recover around 3% in the last 24 hours.

Shiba Inu lead developer proposes name for Miami HEAT home course

SHIB lead developer Shytoshi Kusama wants Miami HEAT to rename its site as the Shiba Inu Arena. In response to a user, Kusama said it would be great to see Miami HEAT’s home arena renamed “Shibarium Arena.”

Earlier today, Miami HEAT, an American professional basketball team, announced the termination of its pitch naming rights agreement with FTX following the explosion and subsequent hacking of FTX. Miami HEAT’s home ground was named FTX Arena in June 2021. As you know, Los Angeles Lakers signed a 20-year deal with Crypto.com worth $700 million. As you follow on Kriptokoin.com, they are currently in a difficult situation due to the crisis in November.