The Shiba Inu community is abuzz with anticipation as the team drops hints about the imminent launch of the Shibarium mainnet.
All eyes are on the upcoming Blockchain Futurist Conference and ETH hackathon in Canada, where the grand debut is expected to take place.
As the cryptocurrency market experiences a sideways movement following the U.S. SEC’s spot Bitcoin ETF delay announcement, the SHIB price has been bucking the trend with a noticeable upward trajectory.
With the Blockchain Futurist Conference on the horizon, the Shiba Inu team has been subtly alluding to the unveiling of the Shibarium mainnet.
The official SHIB Twitter account recently shared a tantalizing “Soon” tweet, hinting at the significant event that is poised to redefine Shiba Inu’s journey.
The community’s focus is on August 15–16, 2023, when the Blockchain Futurist Conference in Toronto, Canada, is set to witness the much-anticipated Shibarium mainnet launch.
In the midst of mounting excitement, the SHIB burn tracker observed a substantial transfer of 18,702,159 SHIB tokens to a dead wallet.
As traders await the Shibarium release, uncertainty looms over how this debut will impact the price of the SHIB token. With the market’s gaze fixed on Shiba Inu’s next move, all eyes are on how the launch will potentially reshape the landscape.
Fresh data from IntoTheBlock highlights a remarkable 1,194% surge in investments from SHIB whales. This surge in investment underscores the bullish sentiment surrounding the project.
Further reinforcing this sentiment is the uptick above the short-term 50-day Simple Moving Average (SMA), which suggests a prevailing bullish state.