Shibarium Shiba Inu (SHIB) The new token, which is set to power the Layer 2 ecosystem, has seen its price skyrocket as we enter the new year.
Bone ShibaSwap (BONE), a utility token used for trading fees and other activities in Sibarium, is trading at $1.39 at the time of writing, up 57% over the past two weeks and 98% over the last month.
Shibarium developers announced BONE earlier this month.
by Sibarium business,
“This is to confirm and validate from us, the official source, that BONE continues to be the only token of choice for gas fees and usage. No other token is required to do so.”
In anticipation of the Shiba Inu layer 2 network upgrade, Ethereum (ETH) whales are accumulating SHIB at an alarming rate.
Blockchain Tracking Service WhaleStats report Its SHIB is the top altcoin holding among the 1,000 largest ETH whales, excluding ETH itself, stablecoins Tether (USDT) and USD Coin (USDC), and Lido Stake Ether (stETH).
Whale activities are carried out in the midst of a rush of announcements from the Shiba Inu team. The developer says it will showcase the new Shiba Inu Metaverse at his 2023 SXSW Music and Film Festival in Austin, Texas.
The showcase will take a virtual reality tour of WAGMI Temple, one of 11 hubs in Shiba Inu’s metaverse, showing the history of Dogecoin (DOGE) competitors.
“Being immersed in WAGMI Temple will be a welcome respite from the non-stop action at SXSW. is a zen-like realm with a sense of calm, meditation, natural beauty, and spiritual connection with the world.
Rich history and echoes whisper to the region with the birth of SHIB and the discovery of its decentralized roots. “
Just yesterday, BONE Recorded A record 67,000 holders, according to the BONE Army announcement.
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Generated image: In the middle of the journey
