News with the tag "Shibarium"

A single entity controls 41% of Shiba Inu's total supply, raising concerns about centralization and the project's decentralization claims.

Shibarium, the layer-2 blockchain for Shiba Inu (SHIB), has surpassed 12 million blocks, demonstrating significant adoption with high transaction volumes and fast block production times.

The Shiba Inu community burned over 1.3 billion SHIB tokens to reduce supply, but the price remained unaffected, highlighting other factors like market sentiment and ecosystem development as crucial for price appreciation.