- Shibarium’s activity surged by 40% on February 16, removing another zero from the SHIB price.
- This surge was catalyzed by a sudden spike in new BONE transfers.
- The SHIB token currently sits in spot 17 concerning market cap.
In a significant update for the Shiba Inu community, Shibarium’s activity surged by 40% on February 16, sending the price of the most popular meme coin, Shiba Inu, to $0.00001.
According to Shibariumscan, new BONE transfers on Shibarium increased from 415 on February 13 to over 47,714 on February 15. As a result, the meme token is now comfortably above the $0.0000098 level, as per CoinMarketCap on Monday.
Notably, in January, the cryptocurrency market faced increased volatility, with many assets struggling. However, the tide has turned in the last few days, significantly benefiting the meme token.
Mid-February witnessed a 40% increase in Shibarium network activity for Shiba Inu, contributing to the ongoing SHIB rally that saw another zero removed from its price. This surge is mainly attributed to new BONE transactions on the network.
Thanks to this significant growth…
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