BONE, one of the Shiba Inu ecosystem coins, is currently popular among Ethereum whales who use it for smart contracts.
According to Whale Stats statistics, BONE is the most commonly utilized smart contract among the top 1000 Ethereum whales. The dramatic increase in the token’s value over the last week can be attributed to renewed attention.
BONE is one of the Shiba Inu ecosystem’s three primary tokens. The token has a total supply of 250 million and serves as the Shiba Inu ecosystem’s governance token.
However, only 230 million tokens will be distributed because the Shiba Inu community chose to limit BONE farming to 230 million tokens minted. The remaining 20 million were set aside for Shibarium validators.
BONE value rises because of community interest
The coin is presently selling at $1.47, up roughly 20% in the last week. This is most likely because it was just listed on numerous exchanges, including the MEXC exchange, BlueBit, FCF Pay, and Switchere.
Dextools also featured the token, which is now trending as the platform’s top cryptocurrency as it trades against Wrapped Ethereum.
As interest in it grows, it is probable that additional platforms may list it as well.
Despite diminishing value, SHIB holders are growing.
Meanwhile, the value of Shiba Inu continues to fall as market conditions weigh severely on its price. It has dropped 5.6% in the last 24 hours and more than 15% during the last two weeks.
Despite this, it is the second most popular cryptocurrency among Ethereum whales behind Ethereum, since the number of Shib holders has constantly increased despite the market collapse.
SHIB wallets increased by 110,00 in September and 35,302 in the last 7 days.