After a large Solana’s meme token BONK rally that saved Solana from shedding the belief of the crypto group. The BONK rally even dried up the buying and selling quantity from rival meme cryptocurrencies Shiba Inu (SHIB) and Dogecoin (DOGE).
Finally, the Shiba Inu ecosystem is again within the news with updates on the Shibarium beta launch, a rise in burn fee, and a rally in token costs.
Shiba Inu Announces Shibarium Launch Hint Amid BONK Hype
Shibarium Network, the official Twitter deal with of Shiba Inu’s Layer-2 Shibarium blockchain, posts its first tweet relating to the launch of the upcoming Shibarium Beta Network. Several Shiba Inu builders and influencers retweeted the unique publish and talked about that the announcement was vital.
Indeed, the announcement was essential to persuade the Shiba Inu group concerning the anticipated launch of the Shibarium blockchain in early 2023. SHIB core developer Shytoshi Kusama and the Shiba Inu ecosystem dropped a number of hints about the Shibarium beta launch.
Moreover, the hype surrounding the rival meme coin BONK shadowed the crypto group’s assist for Shiba Inu and the upcoming Shibarium beta launch. Solana-based meme token BONK has rallied nearly 4352% in per week from a low of $0.00000009197.
In the final 24 hours, the BONK skyrocketed almost 150%, with the present value buying and selling at $0.000004149. The buying and selling quantity has additionally elevated by over 1000% within the final 24 hours. It additionally led the Solana (SOL) value to hit a excessive of $14.10 within the final 24 hours. However, as suggested by CoinGape earlier, the Solana value confronted resistance at $15 and dived decrease to $13.
Also Read: How Sharp Selloff in Solana Meme Token BONK Will Impact SOL Price?
SHIB and BONE Prices Rally
Shiba Inu’s burn tracker Shibburn reported in a tweet on January 5 that 113,660,903 SHIB tokens had been burned in simply 7 transactions within the final 24 hours. SHIB burn has additionally elevated immensely in the previous few weeks amid the hypothesis of the Shibarium launch.
As BONE might be Shibarium’s solely fuel token, the value rallied almost 20% massively within the final 24 hours. The BONE value is at present buying and selling at $1.08. The 24-hour high and low are $0.912 and $1.120, respectively.
Meanwhile, the SHIB value is buying and selling at $0.0000085, up almost 5% within the final 24 hours. The buying and selling quantity has elevated by almost 120% within the final 24 hours.
Also Read: Shiba Inu’s Official Shibarium Account Shares Update On Launch
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