Shocking Move from SHIB Inventor: Something Big Coming?

Shytoshi Kusama, the lead developer of Shiba Inu (SHIB), has locked the Shibarium Telegram Channel for messaging until all documents are out.

Why did Shytoshi Kusama lock Shibarium’s Telegram?

On Tuesday, Shiba Inu lead developer Shytoshi Kusama announced on the Shibarium Telegram channel that the Layer-2 solution is ready. But now he has locked the channel stating that the group will reopen after all the documents are released. Before the beta goes live, the lead SHIB developer will only post official messages.

@ShibArmy_4Life, one of the leading Shiba influencers on Twitter, shared a screenshot where Shytoshi Kusama talks about locking his Telegram channel to more messaging until all documents are out. This step was probably taken after the channel was bombarded with inquiries about the launch. All this may have reached a difficult level to manage.

While many believe the Shibarium documentation will be out very soon, the SHIB team has yet to give a start date for the upcoming tier 2. However, the launch has had a lot of delays so far, and according to rumors, Shibarium will be out before May.

SHIB is burning

According to data shared by Shiba Archives, 50 million SHIBs have been burned in the last 12 hours. Even after rising more than 50% since the beginning of 2023, the price of the Shiba Inu has dropped 3.84% in the last 24 hours. This drop is the result of a large drop in write rate, which fixed at 91.28% at the time of writing, according to data from Shibburn.com.

Shiba Inu among the top 10 most bought tokens

According to WhaleStats, Shiba Inu has returned to the top 10 purchased tokens among the 500 largest ETH whales in the last 24 hours. It is also the fourth largest altcoin among Ethereum whales, after Ethereum (ETH), USD Coin (USDC), and Tether (USDT), according to cryptokoin.com data.

At the time of publication, the whale has a staggering 511,326,366.052 SHIB, worth about $6,695,437. The Shiba Inu has grown tremendously in 2023, partly driven by plans to launch the Shibarium. SHIB started the year at $0.00000814 and at the current price of $0.00001315, the altcoin is up 51%.

Shiba Inu listed on Japanese crypto exchange

Shiba Inu (SHIB) has finally been listed after months of promotion on Okcoin Japan, a Tokyo-based subsidiary of San Francisco-based cryptocurrency exchange OKCoin. Later, the exchange announced its plans to list SHIB in February of this year without revealing the actual date. After months of persistent forcing, the Shiba Inu community’s hopes for the token to be listed on major Japanese exchanges are finally coming true, starting with the OKCoin Japan listing.

In a blog post, OKCoinJapan stated that it will begin processing ‘SHIB’ on Tuesday, February 28, 2023. As a result, the number of cryptocurrencies managed by OKCoinJapan is currently 23. SHIB has increased its exposure by topping charts on many cryptocurrency exchanges over the past year. This greatly increased the number of owners. According to WhaleStats data, there are currently 1,307,594 SHIB holders.