Token

Shiba Inu

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
In a whirlwind of activity over the past 48 hours,&nbsp;<a href="https://u.today/shiba-inus-bone-token-has-been-renounced-heres-what-it-means" rel="noopener noreferrer nofollow">Shiba Inu's BONE token</a> has surged by an impressive 19%, reaching a remarkable $0.932 — the highest value it has seen since the start of September. However, the true excitement surrounding this meteoric rise lies in what has been happening behind the scenes. 
According to data from&nbsp;<a href="https://app.intotheblock.com/coin/BONE/deep-dive?group=network&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>, BONE, a vital element of the Shiba Inu ecosystem, has been experiencing a craze of on-chain performance. From transactions by major BONE holders to metrics associated with token holder addresses, everything has been on an upward trajectory. 
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="cd98b1fd-94e1-4e16-84ee-e61cf1a4cea0" src="https://u.today/sites/default/files/inline-images/BONE_7D_graph_coinmarketcap%20%281%29.jpeg">BONE to USD by <a href="https://coinmarketcap.com/currencies/bone-shibaswap/" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
Notably, the number of active addresses has skyrocketed by a staggering 85.3% in just the last 48 hours, with a whopping 1,060 daily active BONE holder addresses now in the mix. Moreover, the growth rate of new addresses has doubled, boasting 170 fresh addresses daily. Perhaps most strikingly, the count of nonzero BONE addresses has surged by an impressive 150 over the past two days, creating a noticeable spike on the charts. 
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="0b092e28-a954-4574-a8f6-87490390aeac" src="https://u.today/sites/default/files/inline-images/shibtb.png">Source: <a href="https://app.intotheblock.com/coin/BONE/deep-dive?group=network&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a> 
This flurry of activity and remarkable price surge can largely be attributed to a crucial development — the completion of the token contract renouncement. As U.Today previously reported, this means that the contract owner has renounced control, turning&nbsp;<a href="https://u.today/shiba-inus-shibarium-gets-major-boost-as-two-big-developers-ink-crucial-partnership" rel="noopener noreferrer nofollow">BONE</a> into a fully decentralized body that is now protected from any possible tweaks and manipulations. 
The&nbsp;<a href="https://u.today/shib-digital-id-service-for-shiba-inus-shibarium-announces-october-launch" rel="noopener noreferrer nofollow">Shiba Inu</a> community and crypto enthusiasts alike are closely monitoring this electrifying surge, with BONE's newfound vitality raising intriguing questions about its future price trajectory.

Shiba Inu's BONE Token Rockets 19% in Just 48 Hours Amid Explosive Address Surge

U_Today

Other articles published on Sep 27, 2023

No One’s Prepared for Massive Cardano, XRP and Binance Coin Correction, Says Crypto Analyst Nicho...

BlockFi’s path to repayment: A glimmer of hope for creditors

Utility and Staking Tokens Surge In Popularity as Investors Rush to Bitcoin Minetrix ($BTCMTX) an...

XRP Jumps 0.50% to $0.5055: Key Insights for Traders

Marathon Digital confirms it mined invalid Bitcoin block

Cryptocurrency Lobbyists Scramble to Regroup After FTX Downfall Exposes Industry's D.C. Ties

Join our free newsletter for daily crypto updates!