Prominent Shiba Inu Influencer Says This Crypto Project is Building A Shibarium Bridge.
SHIB Knight claims the team behind the crypto project is building a bridge that will allow users to move assets from Ethereum to Shibarium.
Famous crypto influencer SHIB Knight has shared details about a new meme-based crypto project that wants to expand the utility of Shiba Inu’s layer-2 network, Shibarium.
In a tweet today, SHIB Knight said that the team behind Kai Ken Inu, a community-focused project, is building a Shibarium bridge to link the upcoming Shiba Inu’s L2 network with Ethereum.
Through the solution, SHIB Knight claims that users can “port assets” directly from the Ethereum blockchain to Shibarium when the L2 network launches.
“[Kai Ken Inu is] building a Shibarium bridge, which will allow holders to port assets from [Ethereum] to Shibarium when it launches,” SHIB Knight made this known in a tweet.
KAIK Value Surges 1000x Since Launch
Although the Shiba Inu team has not confirmed the development, members of the SHIB community seemed excited about the upcoming project. The excitement has resulted in the widespread adoption of Kai Ken Inu’s native token (KAIK).
SHIB Knight claimed that KAIK had surged over 1000x since the cryptocurrency launched. Furthermore, the famous Shiba Inu influencer said that Kai Ken Inu’s market cap soared from $2 million to a whopping $10 million yesterday.
“KAIK is already 1000x up from launch. [It] ran to a $10M [market cap] yesterday from $2M [market cap], with a healthy and bullish chart,” SHIB Knight noted.
$KAIK already 1000x up from launch, ran to 10Mil mcap yesterday from 2mil mcap, with a healthy and bullish chart. 🔥
They are building a Shibarium bridge which will allow holders to port assets from ETH to #Shibarium when it launches💯
Chart💹: https://t.co/t4brxWz60e pic.twitter.com/UWB0eynYuy
— $SHIB KNIGHT (@army_shiba) January 25, 2023
The team behind Kai Ken Inu also confirmed the massive rally of its token’s valuation in a tweet this week. Kai Ken Inu expressed gratitude to crypto community members, especially SHIBArmy, for helping it reach $10M worth of market cap. In addition, it assured KAIK holders that the feat marks the beginning of greater things to come, as it intends to “shake the crypto space to its core.”
Dear #KAIKARMY! Thank you for the trust and support! We have achieved 10 million market cap!!! This is only the beginning, we are gonna shake the crypto space to its core!!!#KAIK #Shibarium pic.twitter.com/M6JMMgXC2L
— Kai Ken! (@kaikeninucoin) January 23, 2023
However, KAIK’s valuation has dropped significantly, according to data from cryptocurrency aggregator Live Coin Watch, KAIK has a market value of $4.42 million. The token is changing hands around $0.00000497, down 38.33% in the past 24 hours.
Meanwhile, the Shiba Inu team has not yet disclosed Shibarium’s official launch date. However, the team has shared a series of updates that suggest that the L2 network’s launch is around the corner. Shiba Inu noted in a blog post this month that Shibarium Beta is “about to launch” while explaining some basic concepts about the upcoming Layer-2 blockchain.