Shibarium: Shytoshi Locks Shibarium’s Telegram, Here’s the Reason

Shytoshi Kusama, lead developer of Shiba Inu (SHIB), has locked the Shibarium telegram channel. Kusama said that the group will reopen after all documents were released. The Shibarium Telegram will only release official messages until it is open to the public.

 

It is possible that Shiba Inu’s Shibarium Telegram channel was bombarded with queries regarding the launch. Perhaps the questioning got to a point where it became difficult to manage. However, locking up the Telegram channel until the documents are released must mean that the papers for Shibarium will be out very soon.

 

However, the SHIB team is yet to give a launch date for the upcoming layer-2. In a separate discussion, the SHIB developer did say that Shibarium will be out before May. Nonetheless, the launch has had numerous delays so far. It was initially supposed to take place in Q3 of 2022 before being pushed to Q4 and eventually to early 2023.

 

The Price of BONE, Shiba Inu’s Shibarium Gas Token

Shibarium is set to utilize SHIB’s offspring token, BONE, as gas. Although the news about BONE being the gas token in the new network has led to more adoption, its performance has faded lately. However, earlier this month, BONE surged by over 45% in just a few days, reaching a 5-month high of $1.95. Furthermore, the cryptocurrency markets enjoyed a fresh rally on Thursday but have dipped again today. BONE has fallen by 7.2% in the last 24 hours.

 

According to IntoTheBlock, BONE’s network growth has increased by 1.58%, which is bullish. Additionally, concentration also points to a bullish front. Per the platform’s signals, BONE is currently in a neutral position. Furthermore, 82% of BONE holders are in the money. Only 10% are at losses, and the rest are break even.

 

However, the Shiba Inu offspring is taking a beating socially. According to LunarCrush, BONE’s social mentions have fallen by 17.26%. Meanwhile, social engagements have dropped by 28.99%. This is not good news for the project, as Shiba Inu and its offsprings rely on social media for growth and adoption.

 

At the time of writing, BONE price stood at $1.46, down by 0.3% in the last hour.

 

---

 

Read More:

Luna Classic Price Prediction: Will Luna Classic Reach $1?

Pi Network Launch Date: When Will Pi Coin Enter The Market?

Is Pi Network Legit Or Scam: Pi Cryptocurrency Real Or Fake?

Will Pi Network Ever Launch? What Stage is Pi Network Now?

Pi Coin Price Prediction: Will Pi Ever Be Worth Money?

Core DAO Airdrop is Now Available, How to Claim It?

Will Shibarium Burn Remove 111 Trillion SHIB Annually?

HBAR Price Prediction 2025, 2030

ADA Cardano Price Prediction 2025, 2030

Wild Cash App by Hooked Protocol: Answer Quiz to Earn $HOOK

Moon Bitcoin Review – Your Best Chance to Get Free Bitcoins

Metamask Airdrop – To Get $MASK Token For Free?

Sofi Stock Price Prediction for 2023, 2025, 2030

Polygon MATIC Price Prediction 2023, 2025, 2030

Ethereum Price Prediction 2025-2030

Crypto Futures Trading: Everything You Need to Know

Bitcoin Futures Trading for Beginners

How to Buy Bitcoin in 2023? 

BTCC Review 2023

BTCC Discount: To Earn 3,500 USDT Deposit Bonus