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Shiba Inu’s Meme Coin to the Top List Among ETH Whales

Published 09/25/2022, 04:33 AM
Updated 09/25/2022, 05:00 AM
© Reuters Shiba Inu’s Meme Coin to the Top List Among ETH Whales
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  • WhaleStats tweeted that BONE became the most used smart contract.
  • In the last 24 hours, 1000 ETH whales used BONE the most.
  • The transaction of Shiba Inu tokens had been increasing during the past months.

The crypto whales’ tracker, WhaleStats, tweeted that BONE, the governance token launched by Shiba Inu, in the ShibaSwap ecosystem, reported being one of the most used smart contracts in the last 24 hours, among the top 1000 ETH whales.

Reportedly, over the last three days, more than $ 855 billion Shiba tokens were purchased by the top 100 whales. Besides, a 3.3 trillion Shiba Inu was transferred anonymously, a few days before.

While analyzing the recent data, it is understood that the prominent ETH holders added almost 855614973262 Shiba Inu worth $9.6 million.

Last week, BONE’s price was at its highest- $1.77. Considering the last 30 days, the token had surged by 87 percent. Since July 2022, the price of BONE was increasing without any compromise.

The continuous hike in the price of BONE is supposedly the upcoming Shibarium public beta testnet launch. Shibarium is a Layer-2 scaling solution that aims at optimizing Shiba Inu’s host chain, Ethereum.

Additionally, the solution would speed up transactions, lessen the transaction fees and help in implementing the Shiba Inu metaverse.

The success of the BONE points out the success of the Shiba Inu network, and how it represents BONE as a meme coin According to the reports, it could be identified that there was a drastic change in the usage of the coin.

Along with the meme coin, Shiba Inu’s canine coin SHIB also underwent major changes in its price changes and consumption. If in the last year SHIB totaled $125,152,623, his year, it has increased to $134,767,965.

The post Shiba Inu’s Meme Coin to the Top List Among ETH Whales appeared first on Coin Edition.

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