Crypto.com Buys 2.16 Million BONE Tokens Ahead of Shibarium Launch

Exciting developments in the Shiba Inu ecosystem! Crypto.com, a leading cryptocurrency exchange, has officially listed $BONE, a key token within the Shiba Inu ecosystem. This move isn’t just another listing; it’s a significant signal of confidence in Shibarium, the highly anticipated Layer 2 scaling solution.

Why is this purchase so significant? The whale activity, including a large acquisition of 2.16 million BONE tokens, indicates strategic positioning before the Shibarium launch. But just two days later, on April 29 at p.m. UTC, the whale made its first major BONE purchase – 1.64 million tokens worth nearly $500,000. Since then, the market has been buzzing about the potential impact of Shibarium and the role of BONE.

What exactly is BONE? BONE is a newly created altcoin proposed for fee payment on Shibarium, the upcoming Layer 2 protocol for the Shiba Inu ecosystem. It is a multifunctional token that will be used for gas fees and rewarding validators on the Shibarium network. This utility positions BONE as a crucial component of the entire Shiba Inu ecosystem.

Crypto.com's decision to list BONE, coupled with significant whale accumulation ahead of Shibarium's launch, suggests a bullish outlook for the token and the Shiba Inu ecosystem as a whole. Keep an eye on further developments as Shibarium approaches its release! Follow us for the latest updates on BONE, Shibarium, and the world of cryptocurrency.