Shiba Inu: BONE Spikes 13% Despite no Signs of Shibarium, Why?
Shiba Inu (SHIB) offspring token, BONE, has witnessed a 13.7% spike in its price. The rally comes as a surprise as there is no news or developments regarding BONE that could push the token. Moreover, the SHIB ecosystem was supposed to launch their layer-2 network, Shibarium, in Q3 of this year. However, the team has missed the previously stated deadline. Source: Coingecko BONE is a governance token in the Shiba Inu ecosystem. However, after the announcement of the Shibarium network, it was voted to be used for the validators on the new layer-2. BONE minting was supposed to be limited to 250 million. However, minting was voted to be stopped at 230 million, so that the remaining 20 million could be used by the validators. The news caused a spike in BONE interest at the time. What’s pushing Shiba Inu’s BONE token? BONE garnered a lot of interest after it was announced to be used for Shibarium. Additionally, the SHIB team was supposed to have released the documentat...