As the number of new addresses for the Shiba Inu token skyrockets, Shibarium’s BONE price rises by double digits.
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Shiba Inu’s BONE token has experienced a flurry of activity over the last 48 hours, rising by an astounding 19% to a staggering $0.932 – its highest value since the beginning of September. What has been occurring behind the scenes, though, is what truly excites about this spectacular rise.
BONE, a key component of the Shiba Inu ecosystem, has reportedly been performing crazily on-chain, according to statistics from IntoTheBlock. Everything has been moving up, from transactions by significant BONE holders to analytics related to token holder addresses.
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Data from IntoTheBlock indicates that BONE, a key component of the Shiba Inu ecosystem, has been experiencing a surge in on-chain performance. Everything has been going up, from deals made by significant BONE holders to analytics related to token holder addresses.Notably, there are now 1,060 daily active BONE holder addresses in the mix, a stunning 85.3% increase in active addresses in only the previous 48 hours. With 170 new addresses added each day, the growth rate of new addresses has also doubled. The number of nonzero BONE addresses has increased by an amazing 150 over the last two days, which is perhaps the most striking development and has caused a noteworthy rise in the charts.
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The completion of the token contract renouncement is partly responsible for this frenzy of activity and astounding price increase. As previously reported by U.Today, this signifies that the contract owner has relinquished control, transforming BONE into a completely decentralized entity that is now shielded from any potential alterations and manipulations.
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