• Crypto.com lists Shiba Inu’s Shibarium governance token, BONE, causing a surge in its market value by 29%.
• The SHIB Army petitioned for listing of BONE on major exchanges and celebrated with a burn rate of over 10 million SHIB tokens in 24 hours.
• As the Layer-2 solution is expected to be released soon, BONE continues to trade below the $2 resistance level.
Crypto.com Lists Shiba Inu’s Shibarium Governance Token
Crypto.com recently listed Shiba Inu’s Shibarium governance token, Bone ShibaSwap (BONE), which surged in market value by 29% in the last 30 days. This move was welcomed by the SHIB Army and is seen as a step forward towards the launch of Shibarium’s Layer-2 solution.
SHIB Army Petition and Token Burn
The SHIB Army had previously written a petition on Change.org asking for BONE to be included on major exchanges. Following Crypto.com’s announcement, they celebrated with a burn rate of over 10 million SHIB tokens within 24 hours, aiming to remove them from circulation long term and increase their value overtime.
Shibarium Beta Release Imminent
Although BONE has grown significantly since its listing on Cryptocurrency, it remains trading below the crucial $2 resistance level at press time ($1.68). The release of Shibarium’s Beta version is still due and will be game-changing for two year old ERC-20 token holders who must hold BONE as an official gas fee token on its blockchain platform once live.
Whales Accumulate BONE
As Crypto Market whales accumulate more BONE before the release of Shibarium’s Layer 2 Solution, many are hopeful that it will push SHIB up to $1 per coin – something that hasn’t been seen since 2021 when the memecurrency ranked number 8th overall on CoinGecko rankings!
The recent news from Crypto .com has been highly anticipated among Shiba Inu holders who are eager for Shibarium’s launch and potential price surge as well as increased token burns to reduce circulation long term and increase its value over time