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Shiba Inu (SHIB), the second-largest memecoin right after the prominent Dogecoin, has attracted the attention of the cryptocurrency world by surpassing a market value of over $6 billion. With this increase in market value, SHIB has continued its ascent, fueled by the interest it receives from investors.
The Noteworthy Surge of Shiba Inu (SHIB)
According to the data from CoinMarketCap, a crypto data and price platform, SHIB is currently trading at $0.00001091 with a 9.01% increase in the last 24 hours, and its market value has reached $6.43 billion. SHIB has seen a 34.16% increase in value since the beginning of the year, and a 44.68% increase in the last 30 days. This surge in the value of the memecoin seems to be supported by strong backing from whale-level investors. Data provided by the cryptocurrency research and data analysis company IntoTheBlock shows that major crypto whales are buying more SHIB every day.
At the heart of this substantial positive change in SHIB lies the launch of the Layer 2 Blockchain, Shibarium, expected to take place during the Blockchain Futurist Conference in Toronto, Canada, on August 15-16. Shiba Inu is among the main sponsors of the event, and the project’s anonymous leader, Shytoshi Kusama, will deliver a speech using artificial intelligence technology to protect their anonymity during the event, which will be closely followed by SHIB investors.
Furthermore, Kusama recently announced that three major “partnerships” are on the horizon before the highly anticipated release of the Shibarium Layer 2 solution, with one already secured. Kusama’s message shared on Telegram not long ago suggests that the SHIB ecosystem will benefit from the participation of valuable experts through this agreement. It is expected that Shiba Inu’s anonymous leader will also mention these partnerships in their speech, with the announcement of the other two partnerships to come in the near future.
Shiba Inu Leader’s “X” Message
Kusama recently shared an intriguing message that sounded like an equation, with the note “SHIB > X.” It was observed that Shiba Inu’s anonymous leader made a reference to Twitter, which is owned by Elon Musk and renamed as “X,” suggesting that SHIB is bigger than the social media giant. Kusama clarified that this attention-grabbing message was not specifically targeting “X,” but rather issuing a warning to anyone attempting to imitate the Shibarium Blockchain.
Kusama believes that Shiba Inu and Shibarium are much greater than anything else in the blockchain world, and those who try to replicate what they can do will not achieve the success they aim for.
