Shiba Inu Token BONE Seeing High Utility From Whales, What’s Happening?

Shiba Inu

BONE’s price was up 3.72% at $0.93

shiba inu governance token, Bone, is seeing intense utility from whales as it is one of the most used smart contracts among the top 500 ETH whales in the past 24 hours. Notably, Bone’s smart contract usage for this category of whales has increased by 100% in the past 24 hours.

At the time of publication, BONE’s price was up 3.72% at $0.93. While the reason for the spike in utility remains unknown, it seems whales are content to employ another Shiba Inu ecosystem token while SHIB sits in their wallets.

Whales continue to arrive in Shiba Inu (SHIB), as seen in less active SHIB addresses over the past 24 hours. whalestats Information The Shiba Inu (SHIB) also remains the largest holding of the top 1,000 ETH whales, which are now worth $124,278,892 per SHIB.

SHIB is recording more “hodlers,” or long-term holders, as the bear market evolves. Per IntoTheBlock’s holders’ composition by time held, 36% of SHIB holders have held onto their tokens for more than a year, 61% have held within a year, and 3% have held onto their tokens for less than a month. At the start of 2022, the number of hodlers was far lower.

Shiba Inu can now be used on Amazon and Netflix

According to an announcement made by crypto payment gateway FCF Pay, Shiba Inu (SHIB) can now be accepted for its prepaid crypto debit cards.

SHIB thus becomes the first non-stablecoin accepted for the FCF Pay crypto cards, which can be used in several places, including Amazon and Netflix. The card could also be included in Google Pay to be used in-store. As U.Today reports, FCF Pay announced support for the Shiba Inu trifecta — SHIB, BONE and LEASH — as it added BONE and LEASH as payment options to its merchant network a while back.

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