- Zypto App launches Shibarium open beta, introducing new features while addressing pricing and token verification issues.
- Whale activity in Shiba Inu surges, with significant acquisitions highlighting increased institutional interest in SHIB.
Zypto App has officially announced the launch of Shibarium in open beta, which represents a big milestone for the Shiba Inu ecosystem. This development offers intriguing aspects as well as some crucial observations for users.
Based on a recent tweet by Zypto App, a Shibarium swap has not yet been included straight into the user interface. Still accessible through the built-in dApp browser, swaps are under active investigation by the team to improve this capability.
WOOF! Shibarium Update 📢🐶
We are now ready to publish #Shibarium on open beta, which you can join here: https://t.co/mPEJ9gM42F
Some important things to note:
1) We have not yet built a Shibarium swap directly into the UI, but we are actively looking at options. Swaps are…
— Zypto App (@ZyptoApp) November 26, 2024
Zypto’s Approach to Token Verification and Pricing on Shibarium
Regarding pricing display issues, Zypto App said BONE will act as the pricing data source of truth. This choice is supposed to provide consumers interacting in the ecosystem stability and clarity. Token logos will also first be applied hand-by-hand under community direction to decide which tokens should have logos.
Though users can personally verify them, most Shibarium tokens will default to an unconfirmed list, and the platform will track popular tokens to provide a seamless user experience.
Separately, CNF previously covered Shiba Inu’s endeavor to start an incentive program for partners via a collaboration with K9 Finance, its liquid staking partner. Especially as the festive season gets ready, this incentive program seeks to include and thank the community.
Furthermore, as we previously highighted, on-chain analytics tool IntoTheBlock has shown a clear rise in whale activity involving Shiba Inu. Over the previous 30 days, huge investors owning between $1 million and $10 million in SHIB have increased their positions by an amazing 425%. Whales bought 1.67 trillion SHIB tokens from exchanges last week only by themselves, in a single day.
Meanwhile, SHIB is trading at about $0.000024 at the time of writing, representing a 2.41% gain over the last 24 hours and a 43.41% rise over the last 30 days.