Shiba Inu Soars 7% After Lead Developer Shares Shibarium Invite: 'Burn, Protect, Help, Grow'

Shiba Inu SHIB/USD soared 9% late on Wednesday, beating the top five meme coins by market capitalization as the community comes closer to Shibarium, a layer-2 network.

What Happened: Shytoshi Kusama, lead developer of Shibarium shared an invite on Twitter, for people interested in Shiabrium. 

See More: Top Indian Apps That Give Bitcoin, NFT Rewards 

Kusama said there are multiple values for Shibarium which are: BURN, PROTECT, HELP and Grow.

“We respect each legitimate Shibarium project and understand scams will exist on the L2 so we must Do Our Own Research ( D.O.O.R. for our own protection) and we as a community will provide feedback so others can learn about people and projects without FUD, but in truth,” the developer said.

Price Action: At the time of writing, SHIB was trading at $0.00001379 up 9%. Dogecoin DOGE/USD at $0.089, up 5.60% in the last 24 hours, according to Benzinga Pro.

Read Next: Bitcoin Crosses $24K, Ethereum, Dogecoin Soar: Analyst Says Apex Crypto Resilience Impressive Amid Volatility, Regulatory Fears

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CryptocurrencyNewsTop StoriesMarketsMoversTrading IdeasShiba InuShibariumShytoshi Kusama
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!