- Shibarium’s progress towards renouncing its contract and completing BONE token minting strengthens the SHIB ecosystem.
- The community’s decision to secure 20 million BONE tokens for Shibarium validators underlines dedication to sustainability.
- The 1,300% increase in large holder inflows and Shibarium’s growth hint at a potential SHIB price surge.
BONE, the governance token of the Shiba Inu ecosystem, has witnessed an astonishing 1,300% surge on the Shibarium blockchain. Shibarium’s recent strides towards renouncing its contract and nearing the completion of BONE token minting have laid the groundwork for an even more robust SHIB ecosystem.
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One key highlight of this journey is the community’s unwavering dedication to sustainability. Last year, when 230 million BONE tokens were minted, the community boldly decided to halt further farming and secure the remaining 20 million BONE tokens exclusively for Shibarium validators. This move underscores their commitment to maintaining a robust and secure network.
The surge in large holder inflows is another pivotal factor. The recent influx of 30.17 million BONE tokens on September 24th, a staggering increase from the prior day’s 509,520 BONE tokens, signifies a growing interest from whales and large holders. These significant inflows are often seen as a precursor to a surge in token price.
Shibarium, with its impressive 3,131,328 total transactions, 1,250,604 wallet addresses, and 812,508 total blocks, is becoming a force to be reckoned with in the crypto space. Currently boasting 12 validators and 28,047,502 BONE tokens delegated, it’s clear that Shibarium is on the brink of a significant breakthrough.
The price of the BONE token marginally inches up by 0.03% in the last 24 hours. Shibarium’s progress and the community’s forward-thinking decisions ultimately set the stage for a potential SHIB price surge.
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