Shibarium Beta Is Going Live This Week 

• The Shibarium hype caused price spikes in Shiba Inu tokens – SHIB, BONE, and LEASH.
• False updates related to Shibarium Beta are being posted via Shib-related fake 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?

With the L2 blockchain as the medium, the Shiba Inu team focuses to offer an affordable decentralized network for non-fungible tokens (NFT), metaverse, and gaming decentralized applications (dApps). SHIB’s vast community, labeled as ShibArmy, has been in a constant hype cycle anticipating this beta launch.

Amid the launch hype, many parody accounts are 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.

Recommended For You:

• Shiba Inu Price Prediction

share