Something’s Cooking on Shibarium With BONE, SHIB Team Tweets

Representative of SHIB team has hinted that something being ‘cooked’ on Shibarium

The official Shiba Inu marketing lead Lucie has taken to X to publish an intriguing tweet about Shibarium, BONE and the new “SOL killer” token DAMN.

DAMN and BONE on Shibarium

DAMN is a recently launched taken by the Woofswap DEX built on top of the Layer-2 solution Shibarium, and it contains an inbuilt system for burning Bone Shibaswap (BONE) — the gas token of Shibarium. Burning BONE will significantly reduce its supply in the long run, making BONE a deflationary token.

Lucie tweeted to hint that something is cooking right now, “Shibarium x BONE x DAMN,” intriguing the Shiba Inu community.

To contribute to burns, the Shiba Inu team has recently conducted a massive burn of SHIB, BONE and LEASH tokens.

In the meantime, Shibarium continues to expand its adoption. The official X handle of Shiba Inu has thanked the cryptocurrency exchange BlueBit for adopting their Layer-2 blockchain.

SHIB burn rate rises high

According to Shibburn, within the last 24 hours, the SHIB burn rate has demonstrated an impressive surge by almost 110% with a total of 34,681,610 Shiba Inu coins transferred to dead-end wallets and locked there permanently.

A total of 33,673,855 SHIB was transferred in the single biggest transaction, and the smallest transfer contained merely 2 SHIB meme coins.

About the author

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.