DeFi News Official TheBitTimes.com

The entire globe has been awaiting the launch of Shibarium. As the wait is getting longer, the Shiba Inu ecosystem has been yearning to witness some positive upswing with regard to the price of SHIB. Amidst this, BONE, a token of the Shiba Inu ecosystem was seen thriving. But why is BONE pocketing more gains than Shiba Inu? Shibarium, the Layer-2 update that is on its way is expected to increasingly employ the BONE token. While SHIB will certainly have some role to play, BONE will take the lead. Therefore, BONE might pocket more gains than Shiba Inu this year. After a good start to 2023, most coins in the market were once again spiraling. BONE, however, managed to steer away from this notion each time the SHIB network made a Shibarium-related announcement. With the actual launch of Shibarium, BONE is expected to skyrocket. In addition to this, BONE has been getting listed on several platforms. This could also add to any potential surges. Can BONE reclaim $2 anytime soon?...

Shiba Inu’s Bone token is attracting heavy buying pressure this month as the team confirmed that the Shibarium Public Beta TestNet could be launched “soon”. Since the announcement in early January, Bone jumped nearly 70% in the indices going from $0.80 to a monthly high of $1.42. Ahead of the Shibarium launch, another whale purchased $1.5 million worth of Bone tokens on Monday. Data from Etherscan.io shows that the whale picked up Bone for the first time through one significant transaction. The new whale purchased a massive 1.1 million Bone tokens for a market value of $1.52 million. The unidentified whale is ranked no.17 in the rich list at ShibaSwap. Also Read: First-Time Cryptocurrency Investors Are Heavily Buying Shiba Inu: Nansen Source: Etherscan.io You can read more details about the whale purchase here and here for a better understanding. The launch of the Shibarium Testnet could potentially be the cause for the whale entry into the Bone token. ...