Shiba Inu’s BONE Soars 135% As SHIB Army Votes For Token Listing

As the week comes to a close, a multitude of developments in Shiba Inu’s (SHIB) journey to the moon have surfaced. First of all, $BONE, being the newest addition to the Shiba Inu ecosystem, is already making waves, as it experienced a sudden spike in its market price, while Binance announced Shiba Inu (SHIB) support for all Binance cards issued in the Eurozone.

What Triggered the Rise of BONE?

Shytoshi Kusama, the lead developer of Shiba Inu (SHIB), was full of joy on Twitter this morning, as he shared the news of SHIB’s governance token reaching a volue of over $1 apiece: “Well… looks like $BONE woke up”, Shytoshi remarked. At the time of writing #BONE is still trending on Twitter.

Well… looks like $BONE woke up. #SHIB #SHIBARIUM #SHIBARMY

— Shytoshi Kusama

(@ShytoshiKusama) August 4, 2022

Since $BONE is relatively new to the ecosystem, it mainly serves as a reward token for the various activities conducted in relation to ‘Shibarium’. For instance, users can earn $BONE while “digging” in the ground in BONE farms. In other words: SHIB holders provide liquidity in exchange for $BONE rewards. It’s well known that dogs love to bury whatever they find, and members of the SHIB army are freely to stake their $BONE at a massive rate of 20.07% annual percentage yield (APY).