- K9 Finance, the official liquid staking partner for Shibarium, will make a significant announcement at ETH Toronto.
- The alliance with Shiba Inu has led to major achievements including a private beta for liquid staking and bridging to Shibarium.
- The ShibArmy is eagerly awaiting details about the next steps for K9 Finance and its partnership with Shibarium.
The Shiba Inu community is abuzz with anticipation after key partner, K9 Finance, is set to make an important announcement at the ETH Toronto conference. Being the official liquid staking partner for Shibarium, K9 Finance has been influential in supporting the network’s growth and development. SHIB’s association with the KNINE team goes back to Feb 1, 2024, when marketing head Lucie announced the strategic alliance in the network’s ecosystem.
Since then, the partnerships have yielded significant milestones, including rolling out a private beta for liquid staking and successfully bridging to the layer-2 protocol Shibarium. The collaboration has also solidified KNINE’s position as a Shibarium validator, demonstrating their commitment to the ecosystem. With such impressive achievements under their belt, the forthcoming announcement at ETH Toronto is generating massive traction within the ShibArmy. The community is eagerly awaiting details about the next steps for K9 Finance and its partnership with Shibarium.
Shiba Inu’s official team has urged users to stay updated on this monumental news and encourage Shib and K9 Finance enthusiasts to attend the conference and visit the teams’ booths. Shiba Inu Big news for the ShibArmy Our partner K9finance is making a HUGE announcement at ETH_Toronto As the official liquid staking partner for ShibariumNet we’re excited to support their journey. The $KNINE team has so far achieved these incredible milestones. Liquid staking private beta LIVE. Bridged to Shibarium. Official Shibarium Validator
Shiba Inu Rallies After Near-Fatal Plunge
The popular token has been on a wild ride recently, especially on August 5, 2024, a date known for its significant market upheaval. The digital asset market experienced one of its sharpest declines since the FTX fiasco, with Shiba Inu, the second-largest meme coin by market valuation, taking a notable hit. At the time, data from CoinMarketCap showed SHIB plummeting over 20% to a low of $0.00001087. This fall brought it dangerously close to adding another zero to its price, teasing with the $0.00001 support level.
Intriguingly, SHIB demonstrated resilience by rebounding in a short time. Within hours, its price surged to $0.00001388, marking a 27% recovery. This quick bounceback was notable, considering the last time SHIB had five leading zeros was in late February. Shortly afterward, it soared to a yearly high of $0.000045. leading market observers to believe that the meme coin might shed its leading zeros to three. Although this did not materialize, SHIB’s price recovery is a silver lining amid broader market turmoil.
