Epic

Shiba Inu

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
The much-anticipated debut of <a href="https://u.today/key-reason-behind-shibs-sudden-plunge-after-shibariums-launch" rel="noopener noreferrer nofollow">Shibarium</a>, a groundbreaking addition to the <a href="https://u.today/shib-transactions-worth-1-million-soar-in-number-as-shibarium-launches" rel="noopener noreferrer nofollow">Shiba Inu</a> ecosystem, has sent shockwaves through the SHIB landscape, propelling the BONE token's on-chain metrics to astonishing new heights. Within a mere 24 hours of Shibarium's launch, on-chain activities for the BONE token have surged significantly. 
Unveiling an extraordinary leap, <a href="https://app.intotheblock.com/coin/BONE/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>'s data reveals a momentous 200% surge in on-chain metrics for the BONE token. The volume of large token transactions surged from 3.5 million to an eye-popping 7.38 million BONE, a monumental achievement that translates to an impressive $5.09 million surge in value. 
<img alt data-entity-type="file" data-entity-uuid="88547062-43d5-4879-bcb3-05f6dfd0ed7e" src="https://u.today/sites/default/files/inline-images/shibbb_1.png">Source: <a href="https://app.intotheblock.com/coin/BONE/deep-dive?group=ownership&amp;chart=concentration" rel="noopener noreferrer nofollow">IntoTheBlock</a> 
As the release unfolds, the wallets of prominent <a href="https://u.today/possible-dark-side-of-shibarium-revealed-by-shib-influencer-beware" rel="noopener noreferrer nofollow">BONE</a> holders emerge as a focal point of interest. Notably, a remarkable influx of activity has been witnessed in addresses that harbor at least 0.1% of the total supply. These addresses experienced an astounding 210% increase in inflows during this pivotal period, amassing a remarkable replenishment of 6.64 million BONE tokens. 
<img alt data-entity-type="file" data-entity-uuid="ef6f3b16-740c-4463-a00b-dd1e2f617afb" src="https://u.today/sites/default/files/inline-images/bonen.png">Source: <a href="https://app.intotheblock.com/coin/BONE/deep-dive?group=ownership&amp;chart=concentration" rel="noopener noreferrer nofollow">IntoTheBlock</a> 
However, the picture is not without complexities. On the contrary, there have been significant outflows from these addresses, totaling 6.78 million BONE. This outflow surpasses inflows by a margin of 2.1%. 
While the surge in on-chain metrics following Shibarium's inauguration is certainly eye-catching, this initial burst of statistics offers a tantalizing glimpse into the impact of Shibarium's arrival. However the full extent of its implications remains to be seen in the days to come. Furthermore, it is worth acknowledging that the launch encountered its fair share of challenges, which adds an intriguing layer of complexity to the unfolding narrative.

Epic Shibarium Launch Triggers Jaw-Dropping 200% On-Chain Surge for Shiba Inu's BONE

U_Today

Other articles published on Aug 17, 2023

Solana's price is giving off danger signals: Will SOL be able to hold onto the critical resistanc...

Fintech Festival Asia 2023 to Highlight the Role of AI and Digital Payment in Fintech

Embracing Proof of Stake, AI More – Callisto Network Insider #17- July 2023

AAVE Price Prediction 2023: Can AAVE Coin Break Resistance, Rise?

Home Depot Stock Price Prediction: Will HD Cross ATH Price?

Ethereum Classic Price Prediction: Will ETC Escape This Pattern?

Join our free newsletter for daily crypto updates!