Bone ShibaSwap (BONE) Joins Shiba Inu (SHIB) as Top Pick for Ethereum (ETH) Whales

The ETH whales are digging Shiba Inu’s BONE, but SHIB is still the go-to for the TOP 100 whales.

Bone ShibaSwap (BONE) Joins Shiba Inu (SHIB) As Top Pick For Ethereum (ETH) Whales

The crypto heavyweights, also known as Ethereum (ETH) whales, are known for their unconventional methods. The whale tracking data tools often show lesser-known coins and memecoins trending among the Top 500 whales instead of the altcoins most covered by the media.

Thus, the gas fee token for Shiba Inu (SHIB) transactions on the highly anticipated Shibarium is in the spotlight once again. $BONE is trending on Twitter this Thursday afternoon, after the news of CoinEx’s inclusion of Bone ShibaSwap (BONE) in their crypto exchange.

Shibarium’s Launch Strengthens BONE

As reported by WhaleStats, Bone ShibaSwap (BONE) had increased activity on September 25, 2022. However, Shiba Inu (SHIB) remains the largest cryptocurrency position by dollar value among the 100 largest Ethereum (ETH) whales. Ultimately, both the Shiba Army and whales are looking forward to the Layer-2 solution for Shiba Inu’s (SHIB) Ecosystem.

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Moreover, the Ethereum (ETH) whales splashed a huge amount of money, accumulating Bone ShibaSwap (BONE) over the weekend. As a result, the Shiba Inu (SHIB) governance token became the top cryptocurrency on DexTools.

Shiba Inu (SHIB) Market Price Rebounds

The bear market has been intense and touched most of the top 50 altcoins. Shiba Inu (SHIB) is not an exception, but the Japanese guard dog-themed cryptocurrency has finally recorded 24-hour gains at 2.5%. Moreover, the memecurrency reclaimed the #12 spot by market capitalization, as it was occupied by Dai (DAI) stablecoin.

Shiba Inu’s (SHIB) total market cap stands at $6,570,602,243 and still trails the top dog memecoin Dogecoin (DOGE) by $1.5 billion. At press time, Shiba Inu (SHIB) trades at $0.00001115, according to CoinGecko.

It’s Almost Time for Shibarium?

As the end of Q3 of 2022 ends in a couple of days, many soldiers of the SHIB Army expect something big to happen shortly. Of course, the Download Day for Shiba Eternity is part of the excitement. To be exact, the Shiba Eternity card game releases on October 1st, 2022.

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However, it’s not that simple with Shibarium. According to the mysterious code leader Shytoshi Kusama, the whitepaper for Shibarium will be released first. When asked about Shibarium on Shiba Inu’s (SHIB) Discord chat, Shytoshi Kusama remarked “it’s almost time.” Nonetheless, given the magnitude of this upgrade, it’s difficult to be precise. The importance of Shibarium for the Shiba Inu (SHIB) Ecosystem is equivalent to The Merge for Ethereum (ETH).

On the Flipside

  • Unification, the developer company of Shibarium, gave a vague timeline.
  • Ultimately, this means Shibarium’s testnet could be delayed.
  • Because of the bear market, Shiba Inu (SHIB) is down by 10.9% in monthly terms.

Why You Should Care

The Ethereum (ETH) whales are gathering Bone ShibaSwap (BONE) in hopes of a successful Shibarium upgrade. The Layer-2 solution for the popular memecoin might be the game-changer the SHIB Ecosystem needs to end its memecoin era.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.