Why Did Shiba Inu's Bone 'Trading Volume' Jump 200%?
Shiba Inu’s governance token Bone saw its trading volume dramatically spike 205% in the early hours of Thursday. Despite an increase in trading volume, Bone failed to spike in price and remained in the red the whole day. Bone’s spike in trading volume is due to investors taking an early entry position as it reached its weekly lows. Source: CoinMarketCap.com Also Read: Shiba Inu: Will Shibarium Burn 100 Trillion Tokens? Shytoshi Responds Why Is Shiba Inu’s Bone ‘Trading Volume’ Shooting Up? Source: Shibarium News Investors are buying the dips on Bone making use of the opportunity in the days leading up to Shibarium documentation. Bone is the governance token in Shibarium layer-2 network and would have use cases in the SHIB ecosystem. The Shibarium public beta testnet was scheduled to be launched in September but it is now delayed. Shiba Inu’s Bone is expected to shoot up in price when the team announces the launch of the Shibarium layer-...