Many X users have welcomed this release and speculated what lies ahead. Some speculate that an update to the Shiban Burn-In program may be behind the mystery.
This process is very complex and involves manual and automatic burn-in. The #Shibarium and Shibarium development teams are looking to simplify the process and recently introduced a "token conversion engine" that automates the entire system.
Others speculate that the upcoming development may be related to Shibarium. The latter is a second-tier blockchain solution designed to help grow the Shibarium ecosystem by reducing transaction fees and increasing speed. Earlier this week, the total number of blocks for the L2 solution topped 3.5 million, while the total number of transactions fell short of the 400 million mark.
It's impossible to talk about Shibakus without mentioning the recent price hike. Over the past month, the token's value has increased by nearly 300% and its market capitalization briefly surpassed $25 billion (it's now at $20 billion).
SHIB's recent resurgence coincides with a broader resurgence in the cryptocurrency sector, with #bitcoin (BTC) hitting an all-time high of over $69,000 earlier this week. It also coincides with the hype around niche meme coins.
Dogwifhat (WIF), #Bonk Inu (BONK), #Pepe Coin (PEPE), and #Floki Inu (FLOKI) all posted triple-digit growth in two weeks, with their market capitalization reaching billions of dollars.
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