Shiba Inu: BONE Sees Jump in Millionaire Addresses

The past 30 days have seen a notable growth in the number of addresses holding Shiba Inu-linked BONE

The recent launch of the Shibarium network has led to significant growth in the number of addresses holding BONE, the governance token for the Shiba Inu-liked DEX, Shibaswap.

Amid this bullish pattern, an even more interesting trend is the growth in the number of BONE millionaire addresses.

BONE millionaire addresses refer to those that hold 1 million BONE tokens and above.

According to data from analytics platform IntoTheBlock, addresses holding between 1 million and 10 million BONE tokens (approximately $820,000 to $8.2 million) saw a 4.76% growth in the past 30 days.

The growth level increases significantly when a particular category of millionaire addresses is considered.

For instance, the data set reveals that the number of millionaire addresses holding between 10 million to 100 million BONE tokens ($8.2 million to $82 million) increased by 50% in the past 30 days. The balance held by these addresses also jumped by 46.53% within the same period.

IntoTheBlock data further shows that BONE addresses with smaller holdings have witnessed slightly less growth.

Addresses holding between 0 and 10 BONE (approximately $0 to $8) saw only a 16.97% growth, suggesting a tiny increase in the number of new investors.

Overall, the data confirms that the launch of Shibarium has pushed the number of BONE-holding addresses to new highs. There are now over 192,000 addresses holding the token, with a handful actively exploring the Shibarium ecosystem.

Shibarium sees sustained user interest

After a less-than-perfect launch in August, Shibarium, the new layer-2 network built by Shiba Inu developers, has gained traction.

The proof-of-stake (PoS) based network uses BONE as its native token, requiring validators to stake the asset for a right to produce blocks and earn associated rewards.

The latest data from Shibariumscan shows that the network has handled over 2.1 million transactions with more than 1.1 million addresses created. Daily transactions also sit above the 200,000 mark, suggesting sustained user interest.

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