Selling pressure could not keep the Shiba Inu (SHIB) ecosystem away from the rallies. Cryptocurrency investors have been watching the BONE token rally for the past 48 hours. What’s more, 3 more last-minute developments from Shiba have yet to come before this activity slows down. Here are the latest Shiba Inu news that should not be overlooked…
Shiba Inu ecosystem token BONE is the new favorite of whales
Bone ShibaSwap (BONE), the DEX token of the Shiba Inu ecosystem, has become the most popular token among whales. BONE has become the most traded token among the top 100 Ethereum whales. According to WhaleStats data, BONE reached the milestone after passing the Aave Interest Bearing WETH (aWETH). The news came from the Twitter account of the popular whale-watching bot.
Meanwhile, BONE price has been rallying for the past 48 hours. BONE price broke the $2 resistance in a market-wide independent bull run. The sudden rally comes after an announcement that the Shiba Inu ecosystem token has been listed on BlueBit.io. BONE token is also likely to be listed on the Gate.io exchange soon.
SHIB Metaverse announces major upgrade end
In mid-April, the highly anticipated SHIB Metaverse hit the market by the Shiba Inu community. Now, its developers have announced that a very important new upgrade called WAGMI Temple HUB will be added.
A recent blog post says that since THE THIRD FLOOR (TTF) studio’s involvement in the Metaverse building for SHIB was announced in late July, the SHIB team has been busy building a core build for Metaverse. This means seamless communication and interaction from all members so that they can achieve the best possible outcome for the Shiba Inu community. Now they have put together THE THIRD FLOOR, a team of Metaverse consultants and project developers. More details are in the tweet above. Screenshots can also be found in the blog post.
SHIB burn rate increased by 300%
According to the Shibburn website, the burn rate of the Shiba Inu has increased by more than 300%. Meanwhile, transactions involving the burning of more Shiba in the last 24 hours were recorded. More than 213,344,808 SHIB tokens were burned in 14 transactions in the past day. The Shib Burn Twitter handle also reported that a small amount of 57,304,085 SHIB was burned 48 hours ago.
Cryptocoin.com As we report, more than 1,214,431,010 Shiba tokens were burned in the past week. In the previous week, 542 million SHIB, or more than half a billion, were sent to dead wallets. Since then, billions of SHIBs have been added that have been burned.
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