News - The Shibarium announcements led to price spikes in Shiba Inu tokens – SHIB, BONE, and LEASH.
- Fake updates on Shibarium Beta are flooding the space via Shib-related parody accounts.
The public launch date of Shibarium Beta, the layer-2 blockchain of the Shiba Inu ecosystem, will likely fall this week. Notably, the official SHIB team posted this announcement on Twitter on Wednesday.
This launch notification triggered short but significant spikes in the price of Shiba Inu tokens – SHIB, BONE, and LEASH. Three hours after the announcement, as per CMC data, Shiba Inu (SHIB) rose 2.8% from $0.00001073 to $0.00001105. While Shibarium’s soon-to-be gas token – BONE – surged 25% from $1.3872 to $1.7353. ShibaSwap’s native token Doge Killer (LEASH) surged 17.3% from $488.87 to $573.51.
False Updates on Shibarium Beta?
Amid the launch hype, many parody accounts are now actively misleading the community stating that Shibarium Beta is live. For instance, a tweet from an account mimicking Shytoshi – SHIB’s lead dev and co-founder – posted false links to the fake Shibarium. The official team keenly alerts users to rely on updates only from the official Shiba Inu handles.
Before Shiba Inu’s L2 Blockchain launch, numerous projects lined up to unofficially label themselves as Shibarium natives. Remarkably, projects like DogPad, and Pawswap are among the Shibarium-centric projects that jumped to the top trending headlines in the crypto space. Furthermore, Shiba Inu’s metaverse premier is also scheduled on March 12 at the Austin-based SXSW 2023 conference.
