Shiba Inu Ecosystem Token Leaves Dogecoin, Floki In The Dust With 6% Surge Ahead Of Shibarium Launch

Bone Shibaswap (CRYPTO: BONE) is up 6% in the last 24 hours, outperforming the top five meme coins by market capitalization.

What Happened: At the time of writing, BONE was trading at a high of $1.97, on its way to breaching the $2-mark.

Elon Musk’s favorite meme crypto Dogecoin (CRYPTO: DOGE) was down 1.78%, trading at $0.084. Shiba Inu (CRYPTO: SHIB) was exchanging hands at $0.00001309, down 2.47% and Floki’s (CRYPTO: FLOKI) rally cooled down with a 6.13% dip, currently trading at $0.00001309.

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Why It’s Moving: The rise in BONE can be attributed to two reasons. First, the much anticipated layer-2 blockchain Shibarium, which is speculated to launch next week.

Shytoshi Kusama, the pseudonymous developer of Shibarium confirmed the launch on the Telegram channel.

Secondly, BONE said in a tweet on Thursday that the token is now being listed on Gate.io. The listing announcement also garnered investors’ attention.

#Bone #Shibarium #TopNews #BoneArmy #ShibArmy $Shib #Shib #Shiba
This is your strength. Congratulations to all , top 10 exchange in the world https://t.co/9ziis0Qn6l will add $Bone . . . pic.twitter.com/VJM7KAVNII

— BoneShibaSwap (@BoneShiba) February 23, 2023

According to burn tracker Shibburn, the pace at which SHIB meme tokens have been transferred to dead-end wallets has soared by over 708% in the past 24 hours. The SHIB army has burned 7,244,258 Shiba Inu in total.

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