A well-known influential person Shiba Inu says that this crypto project is building the Shibarium bridge.
SHIB Knight claims that the team behind the crypto project is building a bridge that will allow users to move assets from Ethereum to Shibarium.
In a tweet today, SHIB Knight announced that the Kai Ken Inu community-oriented project team is building a Shibarium bridge to link the upcoming L2 Shiba Inu network with Ethereum.
With the solution, SHIB Knight claims that users can “transfer assets” directly from the Ethereum blockchain to Shibarium when launching the L2 network.
Cost of KAIK has increased 1000 times since launch
Although the Shiba inu team has not confirmed the development, members of the SHIB community seem excited about the upcoming project. The hype led to the widespread distribution of Kai Ken Inu’s own token (KAIK).
SHIB Knight stated that KAIK has grown more than 1,000 times since the launch of the cryptocurrency. In addition, a well-known influential person, Shiba inu, said that yesterday the market capitalization of Kai Ken-inu soared from $2 million to a whopping $10 million.
The Kai Ken Inu team also confirmed the massive increase in the value of its token in a tweet this week. Kai Ken Inu expressed gratitude to the members of the crypto community, especially SHIBArmy, for helping to achieve a market capitalization of $ 10 million. In addition, he assured KAIK holders that this feat marks the beginning of more, as he intends to “shake the crypto space to its foundations.”
However, KAIK’s valuation has dropped significantly, according to the cryptocurrency aggregator Live Coin Watch, the market value of KAIK is $ 4.42 million. The token changes hands about 0.00000497 dollars, which is 38.33% less in the last 24 hours.
Meanwhile, the Shiba Inu team has not yet revealed the official launch date of Shibarium. However, the team has shared a series of updates that suggest that the launch of the L2 network is just at hand. Shiba inu noted in its blog this month that the beta version of Shibarium is “about to launch,” while explaining some of the basic concepts of the upcoming level 2 blockchain.
