Why Shytoshi Kusama Restricted Shiba is Telegram Channel

Why Shytoshi Kusama Restricted Shiba is Telegram Channel

Shytoshi Kusama, the main developer of Shiba Inu (SHIB), has restricted the Shibarium Telegram channel until all materials are released.

Why did Shytoshi Kusama Stop Shibarium Telegram Broadcasts?

On Tuesday, Shytoshi Kusama, lead developer of Shiba Inu, stated on the Shibarium Telegram channel that the Layer 2 solution was complete. However, he has since closed the channel and stated that the group will reopen once all documentation is published. The main developer of SHIB will not make any official announcements until the beta version is released.

One of Shiba’s most influential Twitter users, @ShibArmy 4Life, uploaded a screenshot of Shytoshi Kusama discussing the closure of the Telegram channel until all documents are released. This action was probably taken after the channel was inundated with requests to open it. Perhaps too many to overcome.

Although many expect the Shibarium documents to be released very soon, the SHIB team has not yet set a release date for the next Phase 2. However, the release has been delayed several times and rumors suggest that Shibarium will be released before May.

SHIB is On Fire

According to the Shiba Archive, 50 million SHIBs have been burned in the last twelve hours. Although the price of the Shiba Inu has increased by over 50% since the beginning of 2023, it has decreased by 3.84% in the last twenty-four hours. According to Shibburn statistics, the burn rate has stabilized at 91.28% at the time of writing.

Why did Shytoshi Kusama Stop Shiba rium Telegram Broadcasts?

Shiba Inu is Among The Top Ten Most Popular Tokens

According to WhaleStats, Shiba Inu has returned to the top 10 most purchased tokens among the top 500 ETH whales in the last 24 hours. According to Cryptocoin, it is also the fourth most popular altcoin among Ethereum whales, behind Ethereum (ETH), Dollar Coin (USDC), and Tether (USDT).

The whale has a staggering 511,326,366,052 SHIB worth approximately $6,695,437 at the time of writing. In 2023, the Shiba Inu population exploded, in part due to plans to introduce Shibarium. SHIB started the year at $0.00000814 and is currently trading at $0.00001315, up 51%.

Shiba Inu Listed on Japanese Cryptocurrency Exchange

After months of marketing, Shiba Inu (SHIB) has finally been listed on Okcoin Japan, a Tokyo-based subsidiary of the San Francisco-based cryptocurrency exchange OKCoin. The exchange later announced its intention to list SHIB in February of this year, without giving an exact date. The Shiba Inu community’s dream of listing the token on major Japanese exchanges is now becoming a reality, starting with OKCoin Japan.

OKCoinJapan shared in a blog post that it will begin trading “SHIB” on Tuesday, February 28, 2023. This brings the total number of cryptocurrencies traded by OKCoinJapan to 23. Over the past year, SHIB has increased its visibility by being listed on various cryptocurrency exchanges. This has significantly increased the number of holders. According to WhaleStats, there are currently 1,307,594 SHIB holders.

Reading more: Will Bitcoin Mining Be Viable In The Future?