FTX Arena, the home of the Miami Heat, begs for a name change these days as the fallen FTX crypto exchange went bankrupt in a quickly escalating series of events. Hence, Shytoshi Kusama, the lead developer of the Shiba Inu (SHIB) team, took to Twitter to call for the Miami Heat to change the name of the venue into the “Shiba Inu Arena.”
Unsurprisingly, the polite request left rival Dogecoin (DOGE) founder Billy Markus appalled. However, one member of the SHIB Army suggested it should instead be the “Shibarium Arena” which Mr. Kusama acknowledged to be “a great idea.”
Hey @MiamiHEAT ... can we rename it the #ShibaInuArena? #shibarmy pic.twitter.com/k1spxDG0z5
— Shytoshi Kusama™ (@ShytoshiKusama) November 12, 2022
The Wait For Shibarium Continues For SHIB Army
Just last week, SHIB launched a dedicated Twitter profile for Shibarium – an informational center of sorts, along with a social hub. What’s more, the developer team has been working on the forthcoming SHIB: The Metaverse, with several key HUBs unveiled already. However, the date of Shibarium launch wasn’t revealed, nor was there any potential launch date for SHIB: The Metaverse.
On the other hand, the number of SHIB holders is growing exponentially. Ethereum’s (ETH) TOP 100 whales are meanwhile still hoarding plenty of SHIB themselves.
$SHIB whales keep accumulating at a rate never seen before...🔥🐋#SHIBARMY pic.twitter.com/2w9j756uci
— Shib Spain🍥 (@ShibSpain) November 13, 2022
Double Digits In The Red For SHIB
At press time, the SHIB Army’s beloved canine token is changing hands at $0.00000921, according to CoinGecko. SHIB was slapped around by the merciless bears of the ongoing crypto winter all week to a shocking 22% deficit. In addition, the last 24 hours signals another 1.3% in the red, while in yearly terms the loss records an eye-watering 82.2%.
On the Flipside
- Some crypto investors on Twitter are fed up with the delay in Shibarium. According to Shytoshi, it’s in ‘testing mode.’
- Despite the decline in SHIB’s market price, the SHIB burn rate accelerated by 1064% in the last 24 hours, according to Shibburn portal.
Why You Should Care
The memecoin project SHIB has been in development for two years. The developer team behind the 14th ranked cryptocurrency is working on a self-sufficient ecosystem through Shibarium, the Layer-2 upgrade.
Find out more about the latest adventures of the canine coin Shiba Inu (SHIB):
Crypto.com Shows Trust in Shiba Inu (SHIB) as Holders Set SHIB Price Prediction
Dogecoin (DOGE) Founder Takes A Jab At Shiba Inu (SHIB) On Twitter
