Shiba Inu Community Plans to Launch KNINE Liquid Staking Derivatives Token on Shibarium

The Shiba Inu community plans to launch KNINE, a liquid staking derivatives token, on Shibarium in partnership with K9 Finance. This move aims to facilitate seamless BONE staking on Shibarium and bring new features to the L2. Despite the community's efforts, the price of SHIB has dropped by 2.21% in the past 24 hours, with open interest also recording a drop. However, with upcoming developments like SHEboshi integration and SHIB burn, an upward movement for the meme coin is expected in the market.