Shiba Inu’s BONE token experienced an unusual increase in activity among large investors, with the number of significant transactions nearly quadrupling.
In a surprising development, the Shiba Inu ecosystem, particularly the BONE token, has experienced an unprecedented surge in on-chain transactions. Recent data analysis by respected blockchain data provider IntoTheBlock has revealed a remarkable 370% increase in large transactions, each valued at $100,000 or more.
Source: IntoTheBlock
This surge in substantial BONE transactions represents a total value increase of half a million dollars, equivalent to approximately 704,930 BONE tokens. Consequently, the daily volume of large transactions has jumped to 959,610 BONE tokens, which amounts to an impressive $691,260, indicating a significant increase in on-chain activity.
Price issues
It’s important to note that this surge in on-chain transactions has coincided with a three-day decrease in the price of the BONE token. Despite a noteworthy 13% increase earlier this month, the token’s value has been steadily declining this week, currently showing a 9.2% decrease.
BONE to USD by CoinMarketCap
The remarkable increase in large transactions within the Shiba Inu ecosystem highlights the ongoing interest and curiosity surrounding the BONE token, despite recent price fluctuations.
The SHIB community is closely following current developments, eagerly anticipating the potential impact of this significant blockchain growth on the future of the BONE token.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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