• Ledger announced their support for Shiba Inu’s (SHIB) Layer-2 upgrade called Shibarium.
• Atomic Wallet, a prominent self-custodial wallet provider, has officially declared their support for Shibarium.
• Following the news, Shiba Inu’s burn rate skyrocketed by 28385.44% in the last 24 hours.
The highly anticipated Layer-2 upgrade for Shiba Inu (SHIB) is finally coming to fruition. A few days ago, the most popular hardware crypto wallet manufacturer Ledger announced its support for Shiba Inu’s Layer-2 upgrade, Shibarium, and included it in their roadmap for 2023. This news was quickly followed by Atomic Wallet, another prominent player in DeFi, officially declaring their support for Shibarium. This news was met with a great response from the SHIB Army, as their beloved Shiba Inu’s burn rate skyrocketed by 28385.44% in the last 24 hours.
Atomic Wallet provides its five million users worldwide with self-custodial wallets and has been at the forefront of adding support for cryptocurrencies and DeFi projects. After announcing their support for Shibarium, Atomic Wallet tweeted: “We’re going to support @ShibariumNet in Atomic! The Layer2 Network will be running by @Shibtoken for #ShibArmy”.
The news of Atomic Wallet’s support for Shibarium caused Shiba Inu’s burn rate to spike to levels unseen in 2023. According to CoinGecko, a total of 27,666,615 SHIB tokens were sent to the bottomless pit in the last 24 hours. Despite the developments in relation to Shibarium, the market price of Shiba Inu was barely moved. It is currently changing hands at a price of $0.00001160 and had a bullish month, fetching over 22.3% in the last two weeks and restoring the fundamental resistance level of $0.00001.
Overall, the news of Atomic Wallet’s support for Shibarium has been met with a great response from the SHIB Army and Shiba Inu’s burn rate is now at an all-time high. Ledger’s support for Shibarium also gives the SHIB Army more reason to celebrate as the Layer-2 solution for SHIB is now in the Beta phase. With all the good news surrounding Shibarium, the SHIB Army is sure to be delighted with these developments.