Shiba Inu: BONE Surprises With 50% Gain in Millionaire Addresses

Bone ShibaSwap (BONE), Shiba Inu's governance token, is seeing an interesting trend, witnessing growth in the number of its millionaire addresses. This is highlighted by data from the on-chain analytics firm IntoTheBlock.

Timeline of Bone-shibaswap, Shiba-inu

Shiba Inu (SHIB) seems to have hit a rough patch in recent times, as its price struggles to gain traction in the volatile crypto market. Investors who witnessed a major rally between mid-June and mid-August are now grappling with the harsh reality that these gains have been almost entirely wiped out.

Lucie, the official marketing expert of the Shiba Inu dev team, haw revealed what primary objective the creators of Shibarium had in mind regarding adoption when they built and launched it.

In the evolving intersection of virtual communities and real-world businesses, Shytoshi Kusama, the lead developer of Shiba Inu (CRYPTO: SHIB), has highlighted the transformative potential of their platform, Shibarium , presenting a clearer picture of the synergy between virtual communities and real-world business operation. The Shiba Inu Ecosystem, notably through its platform Shibarium, has been pushing the boundaries of this synergy, particularly in the two weeks since Shibarium's launch.

In recent weeks, Shiba Inu has failed to become the hot discussion in the meme coin market, as the launch of Shibarium did not generate enough buying pressure to challenge put holders.

An official marketing expert of the SHIB team, known to the crypto community as @LucieSHIB, took to X app to share a few self-made recommendations on possible actions during a bear market, not only about SHIB but about cryptocurrencies overall.

It has not been an easy ride for Shiba Inu (SHIB) holders in the last few weeks, with the token accumulating meaningful losses, leaving 82% of its investors in the red — holding assets with an average cost in dollars, higher than current prices for SHIB in the spot market.

Popular platform for removing SHIB meme coins to dead-end wallets Shibburn has published a post on X to clarify a certain thing about the massive SHIB burn made by Ethereum cofounder Vitalik Buterin in 2021.

Shiba Inu (SHIB) is wriggling out of its protracted bearish slump as it is up by 1.3% in overnight trading, pushing its price to $0.000007633. The meme coin has seen a significant price drawdown in the past week, slumping from its highest level of $0.000008169 in the trailing seven-day period.

Last month, Shiba Inu (CRYPTO: SHIB), unveiled its highly anticipated layer-2 solution called Shibarium, despite encountering initial challenges. What Happened: The development of Shibarium was driven by a primary objective: to address the scalability concerns of Ethereum (CRYPTO: ETH).

The Shiba Inu (SHIB) ecosystem is buzzing, and it is not just the retail investors who are getting in on the action. Whales, or large holders, have been quietly accumulating a staggering 14.6 trillion SHIB tokens since the dawn of September.