The Shiba Inu team, committed to the success of their Layer-2 solution Shibarium, has recently reassured the community of their dedication. Lucie, the official marketing specialist, expressed the team’s determination in a bullish tweet. She also made her SHIB billionaire status known in the tweet.
“The goal is simple. To see #Shibarium on top no matter who comes or leaves – we won’t stop. I’m a team member but BEFORE THAT, I am a SHIB Billionaire...,” Lucie declared, emphasizing that the team’s commitment remains steadfast regardless of market fluctuations or partnerships.
This resolute message was accompanied by a list of Shibarium-related assets held by Lucie, including SHIB, LEASH, BONE, and Shiboshis NFTs (Poseidon and Zeus).
The goal is simple.
To see #Shibarium on TOP no matter who comes or leaves – We won’t stop.
I’m a team member but BEFORE THAT, I am a $SHIB Billionaire (ha 🤭), $LEASH super whale, $BONE Shark, #Shiboshis Poseidon, $Sheb Zeus, etc., etc.
SIMPLY, I AM A HOLDER & INVESTOR, I am…
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) April 12, 2024
Shibarium Transactions Experience Significant Surge
Shibarium has witnessed a notable increase in user activity, as evidenced by a dramatic rise in daily transactions. Data from Shibariumscan, a Shibarium block explorer, revealed a surge from 5,630 transactions on April 5th to about 958,000 transactions on April 16th. This translates to a remarkable 17,000% increase.
It’s important to note that this number remains lower than the peak of 1.04 million transactions observed on March 16th. As of today, Shibarium boasts a total transaction count of over 416 million and over 1.4 million connected wallets.
SHIB Burn Rate Shows Mixed Signals
The Shiba Inu community continues its efforts to reduce the circulating supply of SHIB tokens through burning. According to data from Shibburn, a public wallet tracker, over 31 million SHIB tokens were destroyed in the past 24 hours.
Potential Impact of Hong Kong Spot ETF Approval
The recent news regarding a potential spot ETF approval in Hong Kong for Bitcoin and Ethereum has sparked discussions within the Shiba Inu community. Lucie, the marketing specialist, acknowledges the potential for continued market corrections, even during bull runs, due to such developments. The impact of a spot ETF on Shibarium’s adoption and future growth remains to be seen.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Continued Development and Community Engagement
The Shiba Inu team’s commitment to Shibarium’s success and the rising transaction volume, suggests a project with growing momentum. By closely monitoring Shibarium’s development, transaction volume, and community engagement, investors can make more informed decisions about SHIB.
The coming months will be crucial in determining whether Shibarium can live up to its ambitious goals and contribute to the overall growth of the Shiba Inu ecosystem.
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