Benzinga – Bone Shibaswap (CRYPTO: BONE) is up 6% in the last 24 hours, outperforming the top five meme coins by market capitalization.
What Happened: At the time of writing, BONE was trading at a high of $1.97, on its way to breaching the $2-mark.
Elon Musk’s favorite meme crypto Dogecoin (CRYPTO: DOGE) was down 1.78%, trading at $0.084. Shiba Inu (CRYPTO: SHIB) was exchanging hands at $0.00001309, down 2.47% and Floki’s (CRYPTO: FLOKI) rally cooled down with a 6.13% dip, currently trading at $0.00001309.
See More: Top Indian Apps That Give Bitcoin, NFT Rewards
Why It’s Moving: The rise in BONE can be attributed to two reasons. First, the much anticipated layer-2 blockchain Shibarium, which is speculated to launch next week.
Shytoshi Kusama, the pseudonymous developer of Shibarium confirmed the launch on the Telegram channel.
Secondly, BONE said in a tweet on Thursday that the token is now being listed on Gate.io. The listing announcement also garnered investors’ attention.
#Bone #Shibarium #TopNews #BoneArmy #ShibArmy $Shib #Shib #Shiba
This is your strength. Congratulations to all , top 10 exchange in the world https://t.co/9ziis0Qn6l will add $Bone . . . pic.twitter.com/VJM7KAVNII
— BoneShibaSwap (@BoneShiba) February 23, 2023
According to burn tracker Shibburn, the pace at which SHIB meme tokens have been transferred to dead-end wallets has soared by over 708% in the past 24 hours. The SHIB army has burned 7,244,258 Shiba Inu in total.
Read Next: Bitcoin, Ethereum, Dogecoin Mixed On Fed Anxieties: Analyst Thinks Wall Street Risk Aversion Could Revive Apex Crypto
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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