SHIB, Forget BTC! Giant Exchange Buys From This Altcoin! – Cryptokoin.com

As the cryptocurrency market continues to struggle with the SEC, the latest move of this cryptocurrency exchange surprised! Popular cryptocurrency exchange Crypto.com is buying massive amounts of BONE Shibaswap instead of SHIB and BTC! Here are the details..

Popular cryptocurrency exchange Crypto.com has bought large amounts of this altcoin project!

SHIB investor Lucie Sasinkova, known on Twitter as @LucieSHIB, tweeted a screenshot taken from Crypto.com. Data shows that the leading cryptocurrency exchange has received large volumes of Bone ShibaSwap (BONE) coins since the beginning of March. SHIB investor Sasinkova described it as “an example of a smart move”, noting that the platform “continues to buy BONEs while other investors are selling.” The BONE balance of the stock market increased from 0 to 2.1 million BONE coins within hours. The data shared by the SHIB investor is as follows;

As you know, BONE appears as the governance coin of the Shiba Inu ecosystem and is a coin used to pay gas fees in the beta of the newly announced, highly anticipated Shibarium protocol. According to the statements made by the platform, BONE will be used to pay for all transactions in Shibarium. However, burning the Shiba Inu will also be beneficial because some gas fees will be converted to SHIB and transferred to dead wallets. Many experts state that the price of BONE will change with the increase of Shibarium’s activities in the near future. BONE coin is currently trading at $1.08 and has a market cap of $245 million.

Shibarium and BONE are getting a lot of attention!

As we reported on cryptokoin.com, after Shiba Inu developer Shytoshi Kusama posted a link to the purchase form, hundreds of development teams filled out the purchase form to develop, build on and benefit from Shibarium. They can now create DeFi applications and smart contracts for the Shiba Inu system on the layer-2 network.

SHIB Inventor Announces Major Development For Shibarium!

About a week ago, it was stated that 5 million BONE tokens were mined from a BONE staking contract, following rumors that the leaked Shibarium testnet was copied from another blockchain, namely the Rinia network. A few days later, 800 billion SHIB were removed from the stack for the same reason. BONE is instantaneously trading at $1.08 and has dropped 6.7 percent in the last 24 hours.

Crypto.com moved 25 trillion SHIB!

Earlier, whale data analytics platform Whale Alert noticed a series of transactions transferring 4.15 trillion Shiba Inu (SHIB) from Crypto.com to an unknown crypto address. A total of 24.9 trillion SHIB transfers were made in transactions. Following this major acquisition, the community initially assumed that a giant whale transferred SHIB to cold wallets. However, Chris Marszalek, CEO of Crypto.com, later clarified that this is the move of assets under regular surveillance and is nothing to worry about.

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