Shiba Inu Releases Key Warning Ahead Of Shibarium Launch Date

Shiba Inu lead developer Shytoshi Kusama confirmed that the Layer-2 blockchain Shibarium will be released this week. Ahead of the anticipated release of the most-awaited Layer-2 blockchain solution, Shiba Inu developers and admins of its social media channels warned the community about rising scams and projects claiming relation to the Shibarium.

Shytoshi Kusama took to Twitter to warn about links and projects claiming to be linked to the Shibarium. He recommends the community to wait for official accounts to release further information, check for the blue tick on Twitter, and DYOR to clarify this FUD.

“I said this earlier but let me repeat: Ignore ALL FUD. Look at who originates the fud, any competiting products they might be responsible for creating, timing of Fud, and who gains from said Fud. Then DYOR. My guess is true because I said it is, doesn’t mean it is true.”

Shibarium Tech’s Telegram admin Someone Smart revealed that people are sharing a Shibarium beta or scan link. Some in the community have lost their assets by clicking on the link. The community is requested to avoid connecting their wallets, clicking on any links, or trusting any sources until the further announcement by the official accounts.

Meanwhile, Shiba Inu hinted at the Shibarium launch on Saturday. An exclusive Metaverse Happy Hour is happening on March 11, inviting the community to wrap up press day and kick off the SXSW Interactive. While the community anticipates the much-awaited launch, people need to exercise caution as projects will claim its relation to the Shibarium.

SHIB and BONE Prices Picks Pace Ahead of Shibarium Release

The Shiba Inu community burned over 6 million SHIB tokens in the last 24 hours, with the burn rate falling slightly before the Shibarium beta release. A wallet burned 4,572,044 in a single transaction in the last 24 hours.

SHIB price is trading at $0.00001112, up over 3% in 24 hours. The 24-hour hour and high are $0.00001076 and $0.00001164, respectively. The trading volume jumps over 75% in the last 24 hours.

Meanwhile, Bone ShibaSwap (BONE) price trades at $1.73, up over 4% in the last 24 hours. BONE price hit a 24-hour high of $1.85.

Also Read: CFTC Calls Ether and Stablecoins as Commodities, Will the SEC Agree?

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

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