Shytoshi Kusama (lead developer of Shiba Inu) posted on the Shibarium Telegram channel that the Layer-2 solution was ready. He has now locked the channel, stating that the group would reopen after all documents have been released. The beta release will be delayed by the fact that the lead SHIB developer will not post any official messages.
Why Shytoshi Kusama Locked Shibarium’s Telegram?
@ShibArmy_4Life shared a screenshot in which Shytoshi Kusama said that he would block Telegram from further messaging until all documents have been released. This was possible after the channel was bombarded by questions about the launch. This may have made it difficult to manage.

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“!!BREAKING!! “!BREAKING!!” Shytoshi Kusama blocks further messaging from the #Shibarium Telegram until all documents are released! $Shib #Shiba #ShibaInu”
Many believe that papers for Shibarium will soon be available, but the SHIB team has yet to announce a launch date. However, there have been many delays in the launch so far. If rumors are to be believed, Shibarium should be out by May.

SHIB is BURNING
According to data from Shiba Archives 50 million SHIB have been burned in the past 12 hours. The price of Shiba Inu has fallen by 4.25% in the past 24 hours, despite it having risen more than 50% since 2023’s beginning. According to data from Shibburn.com, this is due to a huge slump in the burn rate at 91.28% as of writing.
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Shiba Inu among the top 10 most popular tokens
According to WhaleStats, Shiba Inu, crypto whale aggregator is back in the top 10 most purchased tokens among the 500 largest ETH whales within the last 24 hours. It is also the fourth largest altcoin holding among Ethereum Whales, after USD Coin (USDC) and Tether (USDT).

The whale currently holds 511,326,366,052 SHIB, which is worth approximately $6,695,437 at the time of publication. Shiba Inu’s 2023 growth has been phenomenal, largely due to plans to launch Shibarium. SHIB started the year at $.00000814, and at its current price $0.00001315, the altcoin has risen 51%.
Also read: Shiba inu (SHIB), Emerges as ETH Whales’ Top Choice

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