• Shiba Inu (SHIB) has seen a rapid accumulation by mid-size crypto investors over the past two months, according to market analytics platform Santiment.
• The project recently released its beta bridge associated with its layer-2 scaling solution Shibarium.
• This bridge allows users to transfer tokens between Shibarium and the leading smart contract platform Ethereum (ETH) without any third-party risks or impact on market liquidity.
Shiba Inu Accumulation by Mid Size Crypto Investors
New data from market analytics platform Santiment reveals that mid size crypto investors have been scooping up Shiba Inu ( SHIB ) at a rapid rate over the last two months. According to Santiment, crypto sharks and dolphins have accumulated $9 million worth of the memecoin during the last eight weeks, a “significant amount” for the Dogecoin ( DOGE ) competitor.
Beta Bridge Launched
Recently, the Shiba Inu ecosystem has seen new additions, such as the public release of a beta bridge associated with the project’s highly anticipated layer-2 scaling solution, Shibarium. The beta bridge, which launched a few days ago, allows users to transfer tokens between Shibarium and the leading smart contract platform Ethereum ( ETH ).
Impact on Prices
As stated by Lucie, Shiba Inu’s marketing specialist, “[The bridge] enables users to transfer tokens between the two networks without any third-party risks or impact on market liquidity. The network bridge is designed to be fast, cost-effective, and flexible