Gate News message, April 24 — Shiba Inu’s Shibarium ecosystem has recorded rising activity as its gas token BONE surpasses 93,000 holders. According to Shibizens, BONE addresses on the Layer-2 blockchain reached 93,010 at the time of reporting, with 5,653 new holders added over the past seven days—an 87% increase compared to the previous week. The growth was primarily driven by validator re-delegations within Shibarium.
On-chain activity shows strengthening fundamentals. BONE tokens are moving from centralized exchanges into non-custodial wallets, reducing immediate selling pressure. Large holders within the ecosystem continue to expand their BONE exposure; wallets holding at least 1 million BONE increased their positions by 4.2% in April and now control approximately 58% of total supply. The average holding period stands at around 412 days, reflecting long-term engagement rather than short-term speculation.
Despite ecosystem growth, BONE faces significant market headwinds. The token trades at $0.0584 after a 2.5% decline in the past 24 hours, with a 10.18% drop over the past month and 28% year-to-date loss. BONE remains 99.86% below its all-time high of $41.67 from September 2021. However, trading volume has surged 51.77% to $1.7 million in the past 24 hours, creating a divergence between rising network usage and declining price. Shiba Inu itself trades near $0.000006182, up 1% over the same period.
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