Billions of $SHIB burned in July thanks to Shibarium launch enthusiasm growing. Shibburns $BONE
The above-mentioned burns are not the only big news about SHIB that occurred in July. As covered by U.Today earlier, over the last month, whales have also been active in acquiring Shiba Inu coins and moving them into their cold wallets for long-term storage.from crypto exchange wallets to self-custody.Whales seem to be stocking up on SHIB in the run-up to the long-expected launch of Layer 2 blockchain Shibarium.
Once Shibarium kicks off, the prices of all Shibarium tokens are expected to surge, especially SHIB and BONE. The latter is the gas token for Shibaruim, which will ensure transaction-making on the blockchain and will help burn trillions of Shiba Inu per week in the future, as expected by the SHIB community.BONE and SHIB price performance on recent news
Still, yesterday, in a fresh blog post, head of SHIB devs Shytoshi Kusama stated that the team plans now to mint the remaining portion of the BONE supply andBONE is trading at $6.02 at the time of writing, showing a 6% price surge over the last 24 hours on this news, according to data provided by CoinMarketCap.
As for SHIB, July 31 was the third anniversary of the popular meme coin. From Friday until Monday, Shiba Inu witnessed a 10% price rise. However, today, half of it has been eliminated, and the coin is currently trading at $0.00000828 on the Binance exchange.
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