- Puppynet, the beta testnet for Shibarium, has seen a total transaction freeze, fueling speculations about the Shibarium mainnet’s imminent launch.
- Shytoshi Kusama, the lead developer, has dropped several hints pointing to a potential Shibarium launch during upcoming blockchain events.
Rising Speculations in the Shiba Inu Realm
The past four days have marked a peculiar event in the Shiba Inu ecosystem. Puppynet, the beta testnet phase for Shibarium, underwent a complete transactional freeze starting August 5th. Given the impressive metrics previously recorded by Puppynet – 35.044 million transactions, an average block time of 6.4 seconds, and a whopping 17.063 million wallets – this sudden halt has raised many eyebrows.
For those unversed in the dynamics of blockchain technology, such halts or freezes, particularly after high activity, can often signify a transition or an upgrade. The Shiba Inu community is buzzing with the theory that Puppynet’s current inactivity signals the impending debut of the Shibarium mainnet, especially with the Blockchain Futurist Conference 2023 right around the corner on August 15th and 16th.
Hints from Shytoshi Kusama: Reading Between the Lines
Adding to the suspense, Shytoshi Kusama, Shiba Inu’s principal developer, has been quite vocal, dropping breadcrumbs about Shibarium’s imminent launch. Notably, in a July 31st blog, he unveiled plans related to the ‘BONE’ token. Kusama highlighted its crucial role for validators, its application as a gas token for Shibarium, and its importance in the governance of technology within the system. Further complementing the Shiba Inu ecosystem, the introduction of initiatives like the Shibarium SSI (Self-Sovereign Identity) and the public testing of the Shibarium beta bridge was announced.
However, an even more compelling clue lies in a July 6 post where Kusama discussed the potential unveiling of the sought-after layer 2 during the ETHToronto and ETHWomen hackathons, coinciding with Shiba Inu’s third anniversary and Ethereum’s birthplace celebrations.
Today’s intriguing move by Kusama to suspend Shibarium’s official Telegram channel further intensifies speculations, reminiscent of a similar step taken just before the Puppynet launch in March.
Shiba Inu’s Market Stance
From a financial perspective, Shiba Inu currently trades at $0.00000983, nudging against the 38.2% Fibonacci retracement level at $0.000001. Historically, this level has acted as strong support. If Shiba Inu manages a breakthrough, it might indicate a bullish swing, potentially propelling the token’s value towards $0.00001114.