BONE was trading at $0.849, down 1.75% in last 24 hours
The trading volume of BON, the Shiba Inu’s governance token, suddenly spiked nearly 70% on December 8th as traders rushed to take advantage of the recent volatility in the market.
After days of an impressive price run, bulls took a breather as BONE touched highs of $0.987 on Dec. 5. The price of BONE fell in tandem with the general declines on the crypto market. After three days of losses, BONE touched a base of $0.81, where buyers emerged and the crypto token slightly recovered.
BON printed a daily green candle as the price reached a high of $0.864 or the daily MA 50, where the bulls are facing a hurdle.
At the time of publication, BONE was trading at $0.849, down 1.75% in the last 24 hours. As the year comes to a close, the Shiba Inu ecosystem is seen putting out several activities to round out the developments it began earlier in the year.
Shiba Inu Metaverse has announced a giveaway and its “special holiday fireside chat,” the Rio Plaza Fireside Chat.
Shib developer “Trophias” has posted a cryptic tweet that suggests active development to round off the year.
He wrote, “Small Tuesday update: V1 design complete; content finalization ongoing – will be in launch phases to help content flow.”
Whales are also seen accumulating Shiba Inu ecosystem tokens in a last-minute rush. Per WhaleStats data, SHIB ranks among the top 10 purchased assets for the biggest ETH whales and has likewise regained the position of the biggest holding for the top 100 ETH whales.
