Shibarium, Shiba Inu’s highly anticipated layer 2 solution, is facing significant delays, leaving investors in a state of uncertainty. Despite initial expectations for a launch between Q2 and Q3 2023, the exact release date remains unknown.
However, Shytoshi Kusama, lead developer of Shiba Inu, released a new video today that may make the community optimistic again. Referring to the most asked question when Shibarium will finally be released, Kusama wrote via Twitter today, “Wen is so last year. The real question is… WHERE?” and shared numerous hashtags: #SHIBARMY #SHIBARIUM #SHIBOSHIS #SHIBAETERNITY #MVSHIB #SHIBACALS #WELLY #UNIFICATION #BADIDEAI #SEEYOUTHERE.
The video contains the logo of Shiba Inu and a major (American) city. The message of the video is: “Something is coming. Actually, we are going somewhere.” Apparently the developers of Shiba Inu are planning a big event, whether it’s the launch party for Shibarium is the million dollar question. At least that’s what Kusama’s words suggest, as it’s apparently no longer a question of when, but where. However, it could just be a Shiba Inu convention or an event to announce something else, so far it’s all speculation.
#ween is so last year. The real question is… #WHERE? #SHIBARMY #SHIBARIUM #SHIBOSHIS #SHIBAETERNITY #MVSHIB #SHIBACALS #WELLY #UNIFICATION #BADIDEAI #SEE YOU THERE pic.twitter.com/vLDAXVwWGn
— Shytoshi Kusama™ (@ShytoshiKusama) June 29, 2023
But there is a very good chance that it will be an event in which Shibarium will be the center of attention. After all, Kusama uses the hashtag Shibarium second, right after #SHIBARMY. Naturally, the entire Shiba Inu community will meet, as Shiboshi NFTs, the collectible card game Shiba Eternity, SHIB The Metaverse, Shibacals, Bad Idea.AI, and Shibarium developer Unification are also mentioned in the hashtags.
Shiba Inu price remains stable despite announcement
The lack of clarity regarding Shibarium seems to be of concern to Shiba Inu traders right now and is impacting the valuation of the SHIB token. Apparently, the delay in the release of Shibarium has had a negative impact on SHIB’s price over the past few weeks.
Lately, SHIB has experienced a significant decline, falling from $0.000011 to $0.00000591, a level the price last saw on September 9, 2021. Although SHIB managed a 40% rally, the price managed failed to break the 23.6% Fibonacci retracement level and downtrend channel that has formed since early February.
At press time, Kusama’s teaser video didn’t spark much hype among SHIB investors. The price stalled at $0.00000726 but was in position to attack the top of the descending trend channel again. A breakout above the area between $0.000080 and $0.00000833 (23.6% Fibonacci retracement level) is the main resistance right now.
Featured image from iStock, chart from TradingView.com