Shiba Inu’s Shibarium early beta was launched over the weekend, leading to a 5% increase in the price of SHIB. Shytoshi Kusama, the lead developer of Shiba Inu, announced the beta in a blog post on Saturday. The post clarified that Shibarium “is only limited by the imagination” but warned that the tokens on the testnet are not real, so SHIB tokens should not be spent on $tBONE regardless of shills by anyone.
The beta version of Bone ShibaSwap (BONE) is required to prepare for the mainnet launch where real BONE will be used for transaction fees and staking plans. However, $BONE has not been able to maintain its critical support levels of $1.50 and currently trades at $1.48 with a 3.5% weekly decline, according to CoinGecko.
Despite the decrease in BONE, SHIB experienced a 5% increase in price following the launch of the early Shibarium beta. Shibarium is an innovative concept, and the launch of the beta is seen as a significant milestone for the Shiba Inu community. The new platform’s success could have a positive impact on the future of Shiba Inu and other related cryptocurrencies.