Shiba Inu (SHIB) Developer Team Releases Site Upgrade, SHIB Dumps 7%

The countdown on the official website for the super popular canine memecoin Shiba Inu (SHIB) ended with a brand new version of the website. As the Shiba Inu (SHIB) Ecosystem declares on the site, it now consists of three altcoins Shiba Inu (SHIB), Bone ShibaSwap (BONE) and Doge Killer (LEASH). Out of the three, Doge Killer (LEASH) is the lowest-ranked and the most expensive one. At press time, LEASH trades at $302.92, according to CoinGecko.

Meanwhile, SHIB Ecosystem’s main token Japanese guard dog-themed memecoin Shiba Inu (SHIB) is changing hands at $0.00000838, also deducting around 7% of its market value like DogeKiller (LEASH) in the last 24 hours. Besides, the sharp drop happened after one Ethereum (ETH) whale deposited the mountainous amount of 200,000,000,000 SHIB tokens to a Crypto.Com account.

1/ Share a SmartMoney of $SHIB.

This SmartMoney transferred 200B $SHIB($1.67M) to https://t.co/INIxikxor6 18 hours ago.

And ~5 hours after his transfer, the price of $SHIB dropped by 7%.

Let me see how he made money on $SHIB.https://t.co/BWxcnWcnrJ pic.twitter.com/8CQQkMQIEt

— Lookonchain (@lookonchain) December 20, 2022

The 4th Element Of The Shiba Inu Ecosystem

On the other hand, Bone ShibaSwap (BONE) was the most intensively battered by the bears of crypto winter with a 9% deficit in the last 24 hours. However, Bone ShibaSwap (BONE) had a solid month with 16.6% in the green in the last 30 days and now is ranked just outside the TOP 100 by market capitalization at #141. At press time, Bone ShibaSwap (BONE) is priced at $0.807531, according to CoinGecko. On top of that, Shiba Inu (SHIB) Ecosystem presented the 4th token $TREAT.

Huge news for the industry! @Shibtoken have announced the 4th token in their ecosystem for #Shibarium!Congrats #SHIBARMY

Would you like to see $TREAT added to @NOWPayments_io?$SHIB $BONE $LEASH $TREAT pic.twitter.com/UPwa4J5O3k

— NOWPayments (@NOWPayments_io) December 20, 2022

Shytoshi Kusama Speaks Out On Shibarium

By the same token, it comes as no surprise that many members of the SHIB Army were expecting something in relation to Shibarium. The Layer-2 upgrade is rumored to be in Beta Phase, while some crypto enthusiasts thought the documentation for Shibarium will be presented. Instead, the background shares a glimpse of the forthcoming SHIB: The Metaverse, of which the WAGMI Temple’s insides were revealed a couple of weeks ago.

In addition to the heated discussions on Shibarium on Twitter, the mysterious leader of the Shiba Inu (SHIB) developer team stepped in to offer his apology to the SHIB Army, as some expectations haven’t been met yet. Hence, the mega popular canine cryptocurrency Shiba Inu (SHIB) slid to #16, giving way to Tron (TRX) & OKB (OKB).

Please note that I am not responsible for every detail of Shib (i.e. website). So I applaud Trophias and his team for the new design and totally understand how the countdown could have been misleading. Although not in control of that, I apologize for any confusion. Stay tuned.

— Shytoshi Kusama (@ShytoshiKusama) December 20, 2022

On the Flipside

Treat, the aforementioned 4th token in the SHIB Ecosystem, is yet to be launched. The dev team also didn’t give any updates on the SB Visa Card, which would have automatic SHIB Burn function. The Shiba Army didn’t react to the countdown results well, as the SHIB Burn rate slowed down by 46.04%, with numerous double-digit transactions two days ago.