HomeNewsShibarium's Historic Triumph: Over 1.8 Million Transactions and 1.1 Million Wallets –...

Shibarium’s Historic Triumph: Over 1.8 Million Transactions and 1.1 Million Wallets – SHIB Price Rally Imminent?

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  • Shibarium achieves over 1.8 million transactions and surpasses 1.1 million wallet addresses.
  • BONE, Shibarium’s governance token, witnesses a substantial increase in millionaire addresses.

Recent data from the on-chain analytics firm IntoTheBlock showcases an intriguing trend surrounding BONE ShibaSwap (BONE), the governance token of Shiba Inu. Particularly noteworthy is the growth in BONE millionaire addresses holding between 10 million and 100 million BONE, registering a 50% increase in the past month. This segment not only witnessed the most expansion in the previous 30 days but also saw their balance grow by an impressive 46.53%.

Shibarium’s Staggering Transaction Volume
An astonishing surge in transaction volume has been noted on Shibarium, the blockchain linked to the Shiba Inu cryptocurrency.

As per Shibariumscan, the number of transactions astonishingly doubled over a mere two-day span, with an increase from 88,630 to a whopping 177,050 transactions in the last 24 hours.

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This rapid growth means that, since its full launch at the end of August, Shibarium has now registered over 1.8 million transactions, solidifying its place in the Shiba Inu ecosystem.

Emerging Challenges and Community Resilience

However, with great growth come challenges. Recently, the Shibarium platform was targeted by alleged scammers associated with the Pawswap project. These malicious actors have been misrepresenting themselves as the legitimate PawZone (PAW) project, aiming to trick and defraud naive blockchain users. This revelation, made by DaVinci, a prominent figure within the SHIB community, has led to heightened awareness and caution. Amidst this backdrop of rapid success and unexpected hurdles, the resilience and tenacity of the Shiba Inu community have become a captivating narrative for SHIB followers.

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