This blistering rally caused the Shiba Inu to maintain the position of the largest held crypto asset
During the week, exactly on 21st June, the Shiba Inu (SHIB) rose sharply by over 45% and became one of the biggest gainers in the crypto market.
This blistering rally caused the Shiba Inu to maintain the position of the largest held crypto asset for the top 100 Ethereum whales, a position that has been continued at press time. According to data provided by Blockchain Data Tracker, the top 100 ETH whales now hold $594,171,595 worth of SHIB, which is 14.48% of their holdings.
Furthermore, the Shiba Inu was trading up almost 4% at $0.0000011, up from 15% earlier.
Per IntoTheBlock data, the top meme cryptocurrency, Shiba Inu (SHIB), has seen profitability soar to 22%. Similarly, the number of Shiba Inu holders has risen to 1,188,659 at press time, showing an increase in June.
According to a recent Shiberium update provided by the integration, the Shiberium private alpha testnet has been operating effectively for several weeks and is currently undergoing development in preparation for the public beta testnet deployment. The wallet application, which will facilitate two-way asset transfer between L1 and L2, staking/delegate and, in later versions, Shibaswap integration, are core tools that are now under active development.
The launch of the Shiberium public beta testnet, which will enable full network interaction for users, including the verification process, is scheduled for the third quarter.
The community-dedicated Twitter handle of the Shiba Inu, shebeinuartShares his expectations once the beta phase begins: “As plans are made for deployment of the Shiberium Public Beta testnet, key areas of workflow for those interacting with the blockchain environment will help evaluate the following: performance benchmarking, usability optimization and architecture stabilization.”
Keep an eye on Switchray Exchange and Shiba Inu
I am grateful and humbled for the great communication, and process @switchre_com To learn more about each ecosystem property taken: $SHIB, $LEASHAnd $bone, Getting to know the Switchray team is a true pleasure. #sibsena Have a beautiful and strong community! #switchtoshib
— milkshake (@shibainuart) 24 June 2022
For now, all eyes are on Switchray’s listing of the Shiba Inu ecosystem as Shibeanuart Express Thanks to the Switchray team for taking the time to learn about the Shiba Inu Trifecta: Shib, Bone and Leash.
Earlier in the week, crypto exchange Binance enabled Bone’s tracking, prompting speculation about a possible listing.