Shiba Inu’s BONE Spikes 21% as Shibarium Utility Makes Significant Leap

• BONE spiked by 21% in the last seven days.
• The price growth has been higher than that of DOGE and SHIB.
• BONE has shown no major movement in the last 24 hours.

Shiba Inu has garnered significant attention and gained a strong following, resulting in the emergence of the SHIB army community. This surge in popularity can be attributed to various factors that have contributed to its position as the second-largest meme coin. As time has passed, Shiba Inu has established numerous partnerships, collaborations, and listings.

During the past week, the price of BONE, which serves as the governance token of Shiba Inu and the gas token of Shibarium, has witnessed a notable 21% increase.

Shiba Inu’s BONE surges over 21%

The BONE price has experienced a consistent upward trend since May 21, following a low point at $0.699. On May 22, there was a significant rebound in the value of the Shiba Inu governance token, with increased buying activity leading to a notable increase in price. Subsequently, BONE demonstrated positive performance for five out of six days, highlighted by a significant price surge on May 27.

This positive momentum continued until May 28, when BONE recorded a substantial 13% increase before retracting its gains for the day. At press time, BONE was trading at $0.866006 with no major fluctuations in the last 24 hours, according to CoinGecko.