Shiba Inu’s BONE Trading Volume Suddenly up 70%, This Might Be Reason

Shiba Inu’s BONE Trading Volume Suddenly up 70%, This Might Be Reason

Trading volume for BONE, the Shiba Inu government token, surged nearly 70% on Dec. 8 as traders rushed to take advantage of recent market volatility. After days of an impressive price rally, the bulls took a breather as BONE hit December highs of $0.849. BONE price fell in tandem with overall crypto market declines.

After three days of losses, BONE reached a base of $0.81, where buyers emerged, and the crypto token picked up slightly a barrier.

At press time, BONE is trading at $0.849, down 1.75% over the past 24 hours. Towards the end of the year, the Shiba Inu ecosystem is observed carrying out various activities to complete the earlier developments per year.

The Shiba Inu metaverse has announced a giveaway and its “Holiday Chit Chat Special,” the Ryo Plaza Chit Talk. The developer of Shiba “Trophies” posted a cryptic tweet suggesting active development to wrap up the year. He wrote: “Small Tuesday update: V1 design complete; Content completion was in progress: Release is planned to be phased to support content flow.” Whales are also seen hoarding last-minute tokens from the Shiba Inu ecosystem. According to WhaleStats data, SHIB is in the top 10 Acquired fortunes for the largest ETH whales and regained the top spot for the top 100 ETH whales.

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