• Shibarium network upgrade is an upcoming blockchain network that will be integrated into the Shiba Inu coin.
• The upgrade will provide low-cost transactions, quick confirmation times, and NFT creation, making the Shiba Inu ecosystem stand out from its memecoin competition.
• Recent drama surrounding the development of the upgrade and BitBoy’s recent attacks on the pseudonymous main developer of Shiba Inu, Shytoshi Kusama, has affected the sentiment surrounding the token.
• The crypto market has been experiencing major profit-taking in the short to medium time frame, presenting a bearish short-term for SHIB.

The sentiment surrounding the Shibarium network upgrade and the Shiba Inu coin is currently negative due to recent drama and attacks on the developer. The short-term outlook for SHIB is bearish.