This blistering rally caused Shiba Inu to retain position of largest held crypto asset
During the week, precisely on June 21, Shiba Inu (SHIB) rose sharply by more than 45% to become one of the biggest gainers in the crypto market.
This blistering rally caused Shiba Inu to retain the position of the largest held crypto asset for the top 100 Ethereum whales, a position which it continues to hold at press time. According to data provided by the blockchain data tracker, the top 100 ETH whales now hold $594,171,595 worth of SHIB, which is 14.48% of their holdings.
Additionally, Shiba Inu was trading up nearly 4% at $0.000011 after gaining as much as 15% earlier.
Per IntoTheBlock data, the profitability of the top meme cryptocurrency, Shiba Inu (SHIB), has increased to 22%. Likewise, the Shiba Inu holder count has jumped to 1,188,659 at press time, demonstrating growth in June.
According to the recent Shibarium updates provided by Unification, the Shibarium Private Alpha TestNet has been running effectively for several weeks and is currently under development for Beta TestNet public deployment. The wallet app, which will facilitate two-way asset transfers between L1 and L2, staking/delegation and, in later editions, Shibaswap integration, are the main tools that are currently under active development.
The launch of the Shibarium Public Beta TestNet, which will enable complete network interaction for users, including the validation process, is scheduled for Q3.
The Twitter account dedicated to the Shiba Inu community, Shiba Inuartshares his expectations once the beta phase kicks off: “When the Shibarium Public Beta TestNet slated for deployment becomes active, the key areas workflows for those interacting with the blockchain environment will help assess the following: benchmarking, usability optimization and architecture stabilization.”
Eyes on the Switchere exchange and Shiba Inu
At the moment, all eyes are on Switchere’s Shiba Inu ecosystem listing as Shibainuart expressed gratitude to the Switchere team for taking the time to learn about the Shiba Inu trifecta: SHIB, BONE and LEASH.
Earlier in the week, crypto exchange Binance enabled tracking of BONE, leading to speculation about a possible listing.
