BONE, Shiba Inu’s Sister Token, Defies Market Trends with Impressive 6% Surge, Outshining Dogecoin and Pepe Coin as Minting Challenges on Shibarium Unfold
Shiba Inu’s sister token, BONE, has seen a significant increase of 6% in the past 24 hours, surpassing the performance of other popular cryptocurrencies like SHIB, Dogecoin, and Pepe Coin. This surge in price is linked to the challenges faced by Shibarium, the self-sufficient Layer-2 blockchain associated with Shiba Inu.
SHIB was slightly down, while DOGE and Pepe were up. BONE was trading at $0.8362. The SHIB Army previously voted to halt the minting of BONE to ensure scarcity, but a TimeLock feature was implemented to prevent hostile takeovers.
The current circulating supply of BONE is around 229.92 million tokens, and to reach the maximum supply of 250 million tokens, the team needs to mint additional tokens. Traders have shown interest in the Calcium token associated with Shiba Inu, but the SHIB developer warned against buying or trading it due to liquidity concerns and claims of losses.
Source: BENZINGA Crypto
