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 CoinExโs inclusion of Bone ShibaSwap (BONE) in their crypto exchange.
$BONE Listing Confirmed As Shibarium Draws Nearโฆ https://t.co/MmUaHB0xnI
— SHIB Planet (@ShibPlanet) September 29, 2022
Shibariumโs 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 Inuโs (SHIB) Ecosystem.
Sponsored
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.
$BONE is number #1 on #Dextools pic.twitter.com/RInWv0Ne8C
— $SHIB KNIGHT (@army_shiba) September 28, 2022
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 Inuโs (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.
However, itโs 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 Inuโs (SHIB) Discord chat, Shytoshi Kusama remarked โitโs almost time.โ Nonetheless, given the magnitude of this upgrade, itโs difficult to be precise. The importance of Shibarium for the Shiba Inu (SHIB) Ecosystem is equivalent to The Merge for Ethereum (ETH).
#SHIBARMY, Please note ๐ that although #SHIBARIUM was aimed to be released during a "projected" time frame, delays may occur for one reason or another, and it's all speculation ๐ค until it's officially announced ๐ข by $SHIB Devs.
— ๐๐๐๐ ๐ฅ ๐๐๐๐๐๐ (@_Lady_Crypto_) September 28, 2022
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.
Find the latest news on memecoins like Shiba Inu (SHIB) & Dogecoin (DOGE):
Dogecoinโs (DOGE) 7% Bull Run Sparked by Whales & “DOGE to the Moon” Memes
Shiba Inuโs (SHIB) John Richmond Unveils Exclusive Collection in Milano
