The lead developer reminded the users that the current version is only for testing purposes. Technical indicators sided with a SHIB recovery at press time. The beta version of the highly-anticipated layer-2 blockchain, Shibarium, has been released and the flagship offering from the Shiba Inu [SHIB] ecosystem will be called ‘Puppynet’. The lead developer of […]
, SHIB’s value increased to $0.00001033 at press time, recording a marginal gain of 3% since the news of the release was made public.Shytoshi introduced a Shibarium Technology intake form for those looking to build on the network. He added that documentation for validators will be released next week, using which they could set up test nodes.
But amidst the excitement, Shytoshi had a piece of advice for the SHIB community. He reminded them not to spend their token on Puppynet as the current version is only for testing purposes. Regarding the burn mechanism, the lead developer mentioned that SHIB burns would depend on the transactions in the network and a new chart for burned tokens will be integrated into the burn portal.
However, data from Shibburn revealed that the burn rate declined by over 95% in the last 24 hours, with over 23 million tokens removed from circulation.SHIB token became a favorite of big addresses as data from WhaleStats pointed out that it was the most traded token among the top Ethereum [ETH] whales at the time of writing.
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