• There has been no activity on the Shibarium testnet “PuppyNet” for over three days.
  • There has been a 2,210% increase in the big holders inflow measure during the last week.

The mainnet launch of Shibarium has been earlier hinted by the project’s lead developer, Shytoshi Kusama, who will be attending next week’s Blockchain Futurist Conference and ETH hackathons in Toronto, Canada. There has been no activity on the Shibarium testnet “PuppyNet” for over three days, and the introduction of Shibarium validators on the mainnet has fueled rumours of an impending launch early next week.

The “PuppyNet” Shibarium testnet has not processed a block in three days. According to Puppyscan, a blockchain explorer, the latest transaction took place on August 5. Shibarium’s testnet was shut down after 35 million transactions and more than 17 million wallet addresses.

Highly Anticipated Event

Since validators are going live on the mainnet, some in the community have speculated that the Shibarium mainnet release is close at hand. This doesn’t prove that the Shibarium mainnet is ready to go live next week, but it does raise the possibility that it will.

Meanwhile, Lucie, a representative from Shiba Inu, has confirmed that the mainnet launch of Shibarium will occur in the next few days. According to her, the community of Shiba Ecosystem has reason to celebrate since the ecosystem is about to “kickstart the burn run.”

The mainnet release of Shibarium was previously hinted at in a blog post by lead developer Shytoshi Kusama, with the venue being the Blockchain Futurist Conference.  IntoTheBlock data shows that there has been a phenomenal increase in the number of significant holders purchasing Shiba Inu (SHIB). There has been a 2,210% increase in the big holder’s inflow measure during the last week.

Highlighted Crypto News Today:

ApeCoin (APE): A Closer Look at Whales’ Latest Moves