Surprisingly, the BONE token is receiving a lot of attention as the Shiba Inu ecosystem experiences a notable upsurge in on-chain transactions right now.
A recent examination of data shows an astounding 898% growth in major transactions utilising the BONE token, with each transaction valued at $100,000 or more.
Reputable blockchain data source IntoTheBlock has shown that a significant increase in BONE transactions has raised the token’s value by an astounding $3.27 million. This extraordinary surge translates to over 4.6 million BONE tokens, illustrating the rapidly increasing popularity of the cryptocurrency.
Following this spike, the number of major transactions per day has increased dramatically to 5.17 million BONE tokens, or a staggering $3.63 million.
Shibarium too
Interestingly, at the same time that on-chain activity has surged, there has been a noticeable increase in BONE token transfers inside Shibarium. BONE has been accepted by the SHIB team-led blockchain project as the main means of payment for gas on the network and the token that validators must stake.
As to the most recent statistics available on Shibariumscan, there has been a noteworthy surge of 73.6% in new BONE token transfers in the last 24 hours, with an amazing total of 863 transactions.
The exact cause of this extraordinary upsurge is yet unknown. Nonetheless, it is indisputable that the BONE token is seeing a remarkable upswing in large investor on-chain transactions as well as its function inside Shibarium at this same moment.
