Shiba Inu’s sister token, BONE, has seen a significant 6% increase in the last 24 hours, outperforming popular cryptocurrencies like SHIB, Dogecoin, and Pepe Coin. This price movement is tied to the challenges faced by Shibarium, a self-sufficient Layer-2 blockchain linked to Shiba Inu.
At the moment, SHIB is down 0.69%, while DOGE and Pepe have seen gains of 3.31% and 0.28%, respectively. BONE is currently trading at $0.8362.
To ensure the scarcity of BONE, the SHIB Army previously voted to stop all minting on Shibarium. However, Shibarium’s developers introduced a TimeLock feature in the decentralized multi-signature wallet to prevent hostile takeovers of BONE.
The current circulating supply of BONE is approximately 229,923,351 tokens, which is nearly 249.91 million tokens. However, to reach the maximum supply of 250 million tokens, the BONE team needs to mint an additional 81,344 tokens.
Meanwhile, traders have been showing interest in the Calcium token, a token related to Shiba Inu. SHIB’s developer, Kaal Dhariya, issued a warning on Twitter, advising people not to buy or trade the Calcium token due to a lack of liquidity and claims of significant losses being spread as fear, uncertainty, and doubt (FUD).
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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