Shiba Inu’s marketing lead, Lucie, has teased a significant upcoming development on Shibarium, the Layer 2 blockchain of the Shiba Inu ecosystem. In a statement made on Tuesday, Lucie hinted at big news arriving within the next nine days, sparking excitement and speculation across the crypto community. This development revolves around BONE, a crucial element within the Shibarium network.
Unlocking knBONE on Shibarium
In a September 10 post on X (formerly Twitter), Lucie revealed that a large amount of BONE, currently locked in validators, will soon be unlocked as knBONE on Shibarium. She emphasized that this unlock will inject significant liquidity into the Shibarium network, presenting a major opportunity for developers, projects, and builders within the Shiba Inu community.
Lucie outlined the potential benefits of this development, explaining how users can leverage the unlocked knBONE. Developers are encouraged to create staking pools for knBONE, utilize it across the ecosystem, and integrate it within the NFT space. Staking platforms like K9 Finance, a key player in Shibarium’s Layer 2 ecosystem, offer a place for users to farm their knBONE.
“With the impending release of knBONE, Shibarium is poised for a wave of activity as users look to stake or spend their tokens,” Lucie added.
At the time of the announcement, daily transactions on Shibarium were reported at 1.89K, with the native token, SHIB, experiencing positive price movement. The ongoing excitement around Shibarium is further bolstered by the recent launch of the ShibDev portal, which has driven optimism in the community.
SHIB Price Surges on Positive Sentiment
In addition to the upcoming developments on Shibarium, the price of SHIB has seen a notable increase. At press time, SHIB was up by 2.5%, trading at $0.00001342. The coin’s intraday low and high were $0.00001301 and $0.00001371, respectively. This price surge aligns with broader market trends and the buzz surrounding Shibarium’s latest developments.
According to Coinglass data, SHIB’s futures open interest (OI) surged by nearly 8% to $25.66 million, while the derivatives volume spiked 57% to $48.13 million, indicating growing investor interest in the token.
Moreover, recent analysis by CoinGape Media highlighted bullish dynamics for SHIB, driven in part by the return of Keith Gill, aka "Roaring Kitty," to social media. As a result, SHIB continues to ride a wave of optimism in the broader market.
With the forthcoming knBONE unlock and increased attention on Shibarium, Shiba Inu’s ecosystem appears poised for further growth, attracting both developers and investors alike.
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