DeFi News Daily Official TheBitTimes.com

The price of Shiba Inu (SHIB) experienced a decline subsequent to the introduction of the Layer 2 solution known as Shibarium . Within the last 24 hours, SHIB’s value decreased by 4.6%, marking a 25% decline over the course of the week. These drops occurred in the aftermath of Shibarium ’s launch, during which technical challenges and a bridge error emerged, causing a temporary lock on user funds. Despite the fact that the team behind Shibarium promptly addressed these concerns, the initial hurdles during the launch seemed to have a moderating effect on investor interest in Shiba Inu. Also read: Ethereum’s Vitalik Buterin Moves 600 ETH to Coinbase, What’s the Motive? Shiba Inu marketing team member Lucie recently shared a tweet highlighting her insights on the recent drop in the price of SHIB, BONE, and LEASH. Let’s be honest! My $BONE, $SHIB, and $LEASH dropped a lot, just like the whole market. Was I unhappy with @ShytoshiKusama? No! ...

Shiba Inu ecosystem’s BONE has seemingly established a place for itself in the top 100. It was ranked 91 at press time, with a market cap of $381 million. With Shibarium on the cusp of being launched, this crypto asset has been receiving renewed traction. Moreover, with the accumulation spree going on, BONE has risen by more than 150% from its June low of $0.65. At press time, this crypto was the second-largest daily gainer and was seen exchanging hands at $1.66. BONE/USDT by TradingView Also Read: Shiba Inu: Will Elon Musk Attend Shibarium ’s Launch Event? At the moment, no BONE investor is underwater. According to on-chain data from IntoTheBlock, 88% [or roughly 71,130 addresses] were in profit. The remaining 12% [or roughly 9.5k addresses] were in a break-even position. Consequentially, 0 addresses were in loss, indicating that almost all BONE investors bought BONE at a price less than what it was currently trading at. Source: IntoTheBlock As reported a day ba...