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HomeCrypto NewsMarketBONE is Now Most Traded Token Among Top 5000 ETH Whales

BONE is Now Most Traded Token Among Top 5000 ETH Whales


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Shiba Inu’s Governance token, Bone ShibaSwap (BONE) emerged as the top traded token among the 5000 largest ETH Whales in the past 24 hours.

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Ethereum (ETH) investors begin to take notice of Bone ShibaSwap, as the upcoming Shibarium Layer 2 solution is gaining traction even before its release.

According to WhaleStats, a leading blockchain tracking platform, Bone ShibaSwap has become the most actively traded token among the top 5000 largest holders of Ethereum (ETH), also known as “whales”, over the past 24 hours.

This increase in trading activity comes as the upcoming Shibarium – Layer 2 solution, which is set to improve the performance and scalability of the Shiba Inu Ecosystem. Shibarium is gaining traction and anticipation from market participants even before its official launch. The BONE token will serve as the “native gas token” (the primary means of paying for transactions) on the Shibarium network. Users will be required to use BONE to execute any action or transaction on the platform.

Numerous projects are showing their willingness to build themselves on Shibarium – Layer 2 Solution. As reported earlier by The Crypto Basic, JD, the creator of PawZone announced that he would launch the PAW token once Shibarium goes live. The PAW token is said to be a crucial component of the PawZone ecosystem.

Additionally, Estonia-based cryptocurrency wallet provider, Atomic, has announced that it will add support for the upcoming Shibarium – Layer 2 protocol shortly after its launch.

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Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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