- Shibarium’s Mainnet Launch Nears: Ecosystem tokens, particularly BONE, witness price fluctuations as anticipation rises.
- Major SHIB Transfers: Anonymous wallets transfer trillions of Shiba Inu tokens, suggesting possible whale accumulation ahead of the Shibarium launch.
Shibarium Ecosystem Tokens Respond to Upcoming Mainnet Launch
Over the last day, the Bone ShibaSwap token, known as BONE, displayed resilience with a price recovery, following a noticeable dip over the prior weekend. After a decline of just over 7%, BONE regained nearly 4% of its value within 24 hours. Serving dual purposes, BONE is not only the governance token of Shibarium’s decentralized exchange (DEX), ShibaSwap, but is also poised to be the gas token for Shibarium’s Layer 2 blockchain. This is where SHIB token holders will utilize BONE to cover transfer fees.
In tandem, another crucial asset in the Shibarium triumvirate, Doge Killer (LEASH), observed a price uplift, reaching $534 per unit. This figure marks a commendable 4% uptick from the previous day. These activities in the SHIB ecosystem could be attributed to the keenly awaited Shibarium mainnet launch, tentatively scheduled between August 15-16 at the Blockchain Futurist Conference in Toronto.
SHIB’s Dramatic Weekend: Surges, Sell-offs, and Whale Watch
Shiba Inu (SHIB), the flagship token of its eponymous ecosystem, started its weekend with a formidable 20% price surge. This bullish run briefly pushed its price to the $0.00001023 mark. However, the elation was short-lived. In the aftermath of this surge, traders and sizable holders (often referred to as ‘whales’) began liquidating their SHIB holdings, capitalizing on the price boost. This sell-off led to an 11.82% reduction, positioning SHIB at $0.00000901.
Blockchain tracking platforms like Whale Alert spotlighted considerable SHIB transactions, particularly the movement of nearly 4.4 trillion Shiba Inu tokens. This monumental transfer underpins the formation of a new SHIB whale in the cryptocurrency market. And this wasn’t an isolated incident. Over recent days, as the Shibarium launch looms, transfers totaling around 13 trillion SHIB tokens have been detected, moving to new wallets, suggesting heightened whale activity or possible strategic accumulations.
— Whale Alert (@whale_alert) August 7, 2023
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The Shib Inu Community Buzz: Predictions, Speculations, and More
Lucie, a team member from Shiba Inu, recently hinted at exciting developments on the horizon for the SHIB community, teasing an “Exciting news ahead” on her Twitter handle. Amidst these whispers and the overarching suspense surrounding the Shibarium mainnet launch, Lucie projected a bullish phase for the Shiba Inu ecosystem, suggesting a possible bull run kickstart.
Hey #Shibarmy, exciting news ahead! 🚀
🌟 My gut feeling tells me that the Shiba Ecosystem is gearing up to kickstart the bull run! 🐕💨
— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) August 8, 2023
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