Shiba Inu Attracts $12M Funding, Resolves Shibarium Issues, and Observes Intense Whale Activity

By: Eliza Bennet

Shiba Inu, the popular meme cryptocurrency, recently succeeded in securing a $12 Million investment for its forthcoming privacy-focused blockchain. Part of this impressive fund is intended to help initiate the TREAT token, which is envisioned as the final non-stable token for the new blockchain. In parallel, despite network outages observed in its Layer-2 solution, Shibarium, the issues were promptly resolved with services fully up and running again.

Significantly, Shiba Inu experienced considerable whale activity, with transaction volumes of over $100,000 reaching $661.5 million. Large movements of SHIB tokens into and out of exchanges have been noted as of late, making its performance crucial to watch for both potential investors and current holders alike. Shiba Inu's resilience in terms of price stability, even in light of network-related challenges, underscores its growing appeal to privacy-focused investors and traders alike.