Shiba Inu Lead Developer Hints At Imminent Shibarium Mainnet Release

Shiba Inu lead developer Shytoshi Kusama earlier confirmed a high possibility of Layer-2 Shibarium mainnet launch during the Blockchain Futurist Conference in Toronto, Canada in mid-August. Shibarium testnet PuppyNet and Telegram channel pause ahead of the event raise speculation of an imminent release of the Shibarium mainnet.

Shytoshi Kusama Pauses Telegram Channel After PuppyNet

The much-awaited Shiba Inu L2 solution Shibarium mainnet is confirmed to launch next week as lead developer Shytoshi Kusama also paused Shibarium’s official Telegram channel. He earlier halted the Telegram channel similarly ahead of the Shibarium testnet PuppyNet launch in March.

The recent blockchain activity and developers’ actions indicate an imminent release of the Shibarium mainnet. The Shiba Inu team halted PuppyNet testnet after it successfully processed 35 million transactions and wallet addresses reached 17 million.

Hey #Shibarmy, exciting news ahead! 🚀

🌟 My gut feeling tells me that the Shiba Ecosystem is gearing up to kickstart the bull run! 🐕💨

Let’s stay positive and supportive during this #SummerofShibarium, and witness some incredible moments together! 🌞💫 $BONE $SHIB $LEASH… pic.twitter.com/CYQ7vo7cds

— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) August 8, 2023

Shytoshi Kusama and Shiba Inu’s official content marketing specialist Lucie also hints at an upcoming launch of the Shibarium mainnet. The Shiba Inu team also revealing its TREAT token, partners, and other plans in the upcoming week.

Also Read: Huobi And Other Crypto Exchanges Announce PayPal USD (PYUSD) Listing

Shibarium Validators Going Live on Mainnet

Some key members of the community also confirmed that the Shibarium preparations for the mainnet launch pick pace as the initial validator contract goes live. According to Etherscan data, validators are going live on the Shibarium mainnet.

SHIB price jumps 8% in the last 24 hours and 16% in a week, with the price currently trading at $0.0000096. The 24-hour low and high are $0.00000893 and $0.00000968, respectively. Recently, whales started moving trillions of SHIB tokens to different wallets for preparing to accumulate BONE token.

Meanwhile, Shibarium’s gas token BONE price moving mostly sideways, with the price currently trading at $1.64.

Also Read: Shiba Inu’s Shibarium Validators Goes Live On Mainnet After PuppyNet Stops

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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