The dog-themed crypto asset Shiba Inu (SHIB) is surging amid a steady stream of hype on the project’s plans to create its own ecosystem.
SHIB is up 21% in the last 24-hours and up 55% in the last two weeks as developers tease the Shibarium protocol.
The protocol will be a layer-2 network built on top of Ethereum, similar to Polygon, Arbitrum and Optimism.
Developers have been tight-lipped on the project’s launch date, but promise the beta version will be up and running soon.
Bone ShibaSwap is up 88% over the past 30 days while Shiba Inu has appreciated by 48% during the same period.
According to WhaleStats, the top 1,000 Ethereum whales currently hold over $161.8 million worth of SHIB.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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