- Binance’s cryptic post on X platform ignites speculation among Shiba Inu community members about possible support for Shibarium’s Layer-2 scaling solution.
- SHIB enthusiasts believe Binance’s message hints at support for Shibarium and incentives for Shiba Inu ecosystem tokens BONE and LEASH.
- The Shiba Inu community urges Binance to support SHIB burns, increasing the burn rate to remove more tokens from circulation.
Binance, the world’s largest crypto exchange by 24-hour trading volume, recently shared a cryptic message that has the Shiba Inu community buzzing with anticipation about potential support for Shibarium. The image, captioned “pawsitively prepped for the next chapter!” featured a dog staring at two oranges placed on traveling luggage. This post on X platform triggered a wave of speculations among Shiba Inu community members, eager to decode its meaning.
Possible Shibarium Support
Some SHIB enthusiasts believe that the cryptic message hints at Binance’s plans to support Shiba Inu’s Layer-2 scaling solution, Shibarium. This support could enable users to deposit and withdraw assets via the L2 blockchain. Popular community member ‘Sand’ speculated on X that Binance might also offer incentives relating to Shiba Inu ecosystem tokens, BONE, and LEASH.
Lucie Discusses Potential Shiba Inu ETF: Pros and ConsIn addition, Japanese-based Shiba Inu community figure Kuro suggested that they understand the message conveyed by Binance. In an X post today, Kuro redesigned the image accompanying the Binance tweet to include Shibarium, BONE, and LEASH logos.
Broader Speculations
Besides Shiba Inu, fans of other dog-themed tokens have claimed that Binance might be planning to support their favorite tokens, including Pawswap (PAW). This has widened the scope of speculation and excitement within the broader crypto community.
Is Binance Planning to Support SHIB Burn?
The development comes as Shiba Inu enthusiasts continue to urge Binance to support SHIB burns. It is no longer news that the community has hinted at plans to burn SHIB from leading crypto exchanges, including Binance and Coinbase.
On July 9, popular community figure Lola specifically asked Binance CEO Richard Teng to extend the exchange’s ongoing LUNC burn support to SHIB. Lola suggested that the exchange should burn SHIB using a portion of the token’s spot and margin trading fees.Recently, Lucie, the marketing lead for the Shiba Inu team, discussed the chances of an upcoming of a Shiba Inu ETF and its benefits for traditional investors such as accessibility and regulated compliance. However, she also raised concerns about centralization, market manipulation risks and the conflict with DeFi principles.
