• Atomic Wallet and Ledger have both expressed support for Shiba Inu’s Layer-2 solution, Shibarium.
• The SHIB burn rate spiked by 28385.44% in the last 24 hours.
• Shiba Inu’s market price has barely moved in the last 24 hours, trading at $0.00001160.
The development of Shiba Inu’s (SHIB) Layer-2 solution, Shibarium, is in full swing, with both Atomic Wallet and Ledger joining the SHIB Army in their support of the project. Atomic Wallet, a self-custodial wallet provider with over five million users worldwide, announced on Twitter that they would be supporting Shibarium. The news quickly triggered a surge in the SHIB burn rate, as it shot up by 28385.44% in the last 24 hours, with 27,666,615 SHIB tokens sent to the bottomless pit.
On the other hand, Shiba Inu’s market price has barely moved in the last 24 hours, currently trading at $0.00001160 according to CoinGecko. The popular canine coin has had a bullish month, fetching over 22.3% in the last two weeks and even restoring the fundamental resistance level of $0.00001. In the past 24 hours, there have been a total of 21,812,209 $SHIB tokens burned and 5 transactions.
Ledger also expressed their support for Shiba Inu’s Layer-2 solution, announcing it’s inclusion in their roadmap for 2023. This is a major development for SHIB, as it shows the growing confidence in the project and its ability to build a useful Layer-2 solution.
The SHIB Army has been eagerly awaiting this Layer-2 upgrade, and the news of Ledger and Atomic Wallet’s support is sure to give them even more reason to celebrate. With the Layer-2 solution in the Beta phase and more support for Shibarium coming in, it’s clear that Shiba Inu is heading in the right direction.