
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred when trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content is accurate as of the date of publication, but some offers mentioned may no longer be available.
The Shiba Inu Layer 2 protocol, Shibarium, has arrived on a new crypto platform, another boost in its adoption journey.
According to a new announcement on X, Shibarium is now supported by Mathematics Portfolioa multi-chain Web3 crypto wallet that supports over 150 blockchains and has over 3.5 million users.
Shibarium metrics also continue to rise. Currently, Shibarium has surpassed 3 million in total transactions. According to Shibariumscan data, Shibarium has reached a total of 3,075,418 transactions, 1,250,295 wallet addresses, and 776,663 total blocks.
BONE, the Shibarium gas token, has also seen notable developments lately. LaborX, a cryptocurrency-based job site, has integrated the Shibarium Bone ShibaSwap (BONE) gas token as a payment option, allowing users to pay and be compensated with the Shibarium gas token.
BONE is also in the process of terminating its contract. In this sense, the developer of Shiba Inu Kaal Dhairya issues a warning about Calcium, a fictitious token whose creation was highlighted as one of the key steps to take in minting and renouncing BONE.
Dhairya warns the SHIB community not to purchase or trade the Calcium token, which is simply a fictitious token with no real liquidity and no future value or need.
Shiba Inu whale activity metrics increase
Shiba Inu whale activity indicators have increased, according to data from IntoTheBlock.
Large holder inflows, which measures funds moving to addresses belonging to whales or large holders, have increased 1,459% this week.
The net flow of large holders also increased by 2,326% in this period, indicating an accumulation of large holders or whales. In the previous 24 hours, data from on-chain analytics firm IntoTheBlock shows a 346% increase in large Shiba Inu transaction volume.
The last 24 hours saw a huge transaction volume of 5.31 trillion SHIB, the highest in seven days. The sheer volume of transactions gives an idea of the total amount that the whales made in a single day.
Contributing to increased whale activity, crypto data tracker Whale alert reports that 4,595,530,677,374 SHIB worth $33,377,339 were transferred from the Bitvavo crypto exchange to an unknown wallet.