New Shibarium update is here- Will Shiba Inu [SHIB] benefit from this?

ambcrypto.com:

A piece of important news related to the Shiba Inu’s [SHIB] much-awaited Shibarium was released recently, which once again initiated excitement across the entire crypto space.

As per the latest announcement, Shiba Inu has started to accept intake forms for its Shibarium. 

— Shytoshi™ (@ShytoshiKusama) February 26, 2023

This intake system will allow the developers to find the best projects and it will link one developer with the other who can help or assist.

However, it should be noted that it’s not necessary to fill out the intake form to build for Shibarium. Reportedly, the team will begin releasing documents, updating the Wiki, and releasing the beta as soon as possible.

Read Shiba Inu’s [SHIB] Price Prediction 2023-24

Soon after this announcement, SHIB’s price reacted positively as it registered gains in the last 24 hours. As per CoinMarketCap, it increased by more than 2%, and at the time of writing, it was trading at $0.00001277 with a market capitalization of over $7 billion.

It was interesting to note that despite SHIB ‘s price uptick, BONE, which has been on a gaining spree over the last few days and even entered the top 100 club, did not manage to paint its daily chart green.

While SHIB’s price registered a slight surge, a major sell-off took place, which had the potential to push SHIB’s value down in the coming days.

Lookonchain revealed that an address transferred 128 billion SHIB, which is worth $2.3 million, to Crypto.com and Gemini. This was a bearish development, as historically whenever this address transferred SHIB, the price went down.