Top exchange has been buying large amounts of Bone ShibaSwap (BONE) since the beginning of March
On Twitter, prominent SHIB enthusiast Lucie Sasinkova, who goes by the handle @LucieSHIB, tweeted a screenshot from Crypto.com. Data demonstrates that this extensive digital exchange has purchased enormous Bone ShibaSwap (BONE) meme tokens since the beginning of March.
She noted that the platform “keeps stacking while individuals are selling,” calling this an “example of a clever move.” The exchange’s BONE balance increased from 0 to 2.1 million tokens.
This is an example of a smart move.
@cryptocom keep stacking while people selling.. $BONE
Only noobs will sell now.
It’s accumulating times.
My opinion 🙂 pic.twitter.com/f71VsQJkjK
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 24, 2023
BONE is the Shiba Inu system’s governance token and a token for paying gas fees on the freshly announced Shibarium protocol beta (the testnet is known as Puppynet). BONE will be used to pay for all transactions on Shibarium.
Burning Shiba Inu will also be beneficial because some gas fees will be converted into SHIB and sent to unspendable wallets.
Following the publication of a link to the Intake form by Shiba Inu’s leader, the pseudonymous Shytoshi Kusama, hundreds of dev teams submitted it to build on Shibarium and assist it in various ways. They can now construct DeFi apps, smart contracts, and other things for the Shiba Inu system on the layer-2 network.
It was stated around a week ago that 5 million BONE tokens were removed from a BONE staking contract following rumors that the leaked Shibarium testnet was copied from another blockchain – the Rinia network. Some days later, 800 billion SHIB were unstacked for the same reason.
Crypto.com transports 25 trillion SHIB
Previously, the Whale Alert crypto tracker noticed a series of transactions that transferred 4.15 trillion Shiba Inu meme coins from Crypto.com to an unknown crypto address. In total, 24.9 trillion Shiba Inu were transported.
Following a big buy, the community initially assumed a giant whale was transferring SHIB to their cold wallet. Nevertheless, Chris Marszalek, the CEO of Crypto.com, later explained that it was a regular custodial move of assets and that there was nothing to worry about.
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