• Shytoshi Kusama, the lead developer of SHIB, confirmed that the team has now received over 7000 applications.

• Despite overall market losses, Shiba Inu has exhibited surprising gains in the last 24 hours.

Shiba Inu officially closed the intake form submissions for the highly anticipated Shibarium – Layer 2 solution. Lucie, the marketing specialist and community influencer of the SHIB team, took to Twitter to provide a sneak peek of the redesigned websites and highlight the latest updates.

Additionally, the official websites of Shiba Inu, namely Shib.io and Shibarium Tech, have undergone an exciting transformation with a new and refreshed look. These websites now incorporate several new updates enhancing the Shiba Inu ecosystem.

Growing Interest: Over 3000 Submissions for Shibarium Intake Forms

In February 2023, prior to the launch of the Shibarium Beta Testnet, the Shibarium intake form was introduced. Its primary objective was to identify and support promising projects that were keen on contributing to SHIB.

The Shibarium intake forms garnered significant attention from the crypto community, receiving over 3000 submissions as of May 6. This number has continued to increase steadily, and in the latest update, Shytoshi Kusama, the lead developer of SHIB, confirmed that the team has now received over 7000 applications.

Furthermore, as part of the latest updates, Lucie also revealed that Bad Idea Ai had been welcomed as an official partner of the Shiba Inu Ecosystem. This partnership places Bad Idea Ai alongside existing partners such as Unification (FUND) and Welly, a Shiba Inu-themed burger joint listed on the newly designed website.

These exciting developments are setting the stage for the highly anticipated launch of Shibarium Mainnet. Speculation suggests that the launch of Shibarium Mainnet might coincide with the ETH Toronto Conference 2023, scheduled for August. The conference, which will take place on August 15th – 16th in Canada, is proudly sponsored by Shiba Inu.

Closing the intake forms signifies that the launch of Shibarium is imminent. With the market showing a bullish trend, there is a possibility that the SHIB team might aim to launch Shibarium before August.

However, it is important to note that the team has not disclosed the specific launch date for Shibarium Mainnet.

Shiba Inu Defies Market Losses with Surprising Gains

Despite overall market losses, Shiba Inu has exhibited surprising gains in the last 24 hours, showcasing a rare decoupling phenomenon where it diverges from the negative trend affecting many other cryptocurrencies.

As of the time of writing, SHIB has seen a 3.93% increase in the last 24 hours, reaching $0.000008314. Over the past seven days, the token has experienced a notable surge of 12.92%.

The crypto market received a positive boost on July 14 when a judge ruled that XRP, classified as a digital code, does not qualify as a security. This development instilled hope among crypto investors, alleviating concerns that other altcoins might also face securities classification. Amidst this backdrop, Shiba Inu has managed to maintain its gains, trading higher while several other crypto assets are in the red.

Lucie, an official representative of the Shiba ecosystem, drew attention to Shiba Inu’s intriguing price movement on Twitter, hinting at the potential for a forthcoming bull run.