The cryptocurrency market has a stagnant outlook for now before the waves come. However, some altcoin whales have already started accumulating. BONE whales of the meme coin Shiba Inu have significantly increased their positions with the Shibarium network expansion.
Whales are very determined about this altcoin!
With recent developments, the Shiba Inu ecosystem has witnessed a significant increase in the holdings of the BONE token, which is a crucial asset within the network and a key component of the evolving Shibarium Blockchain. According to on-chain data from IntoTheBlock, major BONE token holders, popularly known as “whales,” have increased their balances by a staggering 37.74% over the past 30 days. This increase in dollar terms for the altcoin means a significant growth of 18.21%.
Known for their significant investments, these influential holders are defined as those who have 10 million to 100 million BONE tokens in their wallet addresses. Collectively, these addresses currently hold 76.59 million tokens. This represents an impressive 33.3% of the total BONE supply.
Shibarium added new momentum to the Shiba Inu ecosystem
cryptokoin.comAs you follow from , the Shiba Inu network is expanding rapidly with Shibarium. This increase in BONE token holdings among whales also coincides with this development. As the primary utility token in the altcoin ecosystem, BONE plays a crucial role in facilitating transactions, serving as a means of paying for gas, and supporting various other functions.
Having completed its full launch at the end of August, Shibarium has already achieved notable milestones. The project has successfully completed 3 million transactions. Additionally, it reached 1.25 million active addresses and 1 million block production. These too proved its robust growth and resilience. Notably, BONE featured prominently in many of these transactions, either as a commission fee or as the primary asset exchanged.
Shiba Inu leader calls on SHIB Army to prove loyalty
Shytoshi Kusama, lead developer of meme coin Shiba Inu, has drawn the attention of the altcoin community to an important point. Thus, he strengthened the spotlight on his extraordinary loyalty and strength. In this regard, Kusama hinted at this with a post she made a while ago. Shiba Inu enthusiasts’ attention was drawn to a post by Shiba Inu metaverse consultant Marcie Jastrow. Kusama shared a post endorsing Jastrow’s call to action for SHIB Army. Marcie Jastrow’s post read, “Good morning, SHIB Army. “I need your help to prove that SHIB has the strongest, most loyal community on Web3.” said.
👇 https://t.co/Si2yP9W2YJ
— Shytoshi Kusama™ (@ShytoshiKusama) October 6, 2023
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