Shibarum Launch: Crypto Analyst Reveals Reasons for Accumulating $BONE Tokens

In a recent YouTube video, crypto analyst Austin Hilton delves into the intricacies of the Shiba Inu ecosystem, shedding light on the Shiba Inu token (SHIB) and its companion tokens, BONE, and LEASH.

As anticipation grows for the upcoming Shibarium launch, Hilton shares insights on the project’s potential and explains why he is accumulating BONE tokens.

Hilton emphasizes that his analysis is not financial advice and encourages viewers to conduct their own research.

Hilton begins by introducing the Shiba Inu project, inspired by the popular Shiba Inu dog meme, and positioned as a competitor to Dogecoin. Built on the Ethereum blockchain, the ecosystem features three distinct tokens: SHIB, BONE, and LEASH.

• SHIB: Serving as the main token, SHIB is a decentralized currency designed for global accessibility. Since its launch in 2020, SHIB has gained significant attention and is now accepted at various locations, either directly or through intermediaries.
• BONE: As the governance token, BONE enables Shib Army members to participate in decision-making through the Doggy DAO. With a total supply of 250 million, BONE also lays the foundation for Shibarium, the project’s Layer 2 network.
• LEASH: With a limited supply of 107,646, LEASH offers exclusive benefits to dedicated supporters of the ecosystem. Holders of LEASH tokens enjoy advantages such as increased BONE rewards, access to mint Shiboshi NFTs, and priority in the “SHIB: The Metaverse” land sales.

Hilton highlights the ongoing development of Shibarium, a layer two blockchain addressing Ethereum’s limitations. Notably, he draws attention to the increased activity of large investors, or whales, who have been accumulating SHIB tokens.

Hilton interprets this as a potential indicator of a significant upcoming event, potentially the mid-August launch of Shibarium.

Investment Opportunity in BONE: Hilton suggests that BONE presents a substantial investment opportunity as the gas token for Shibarium.

He expresses his belief that BONE’s value will likely surge following the launch. While Hilton discloses his personal accumulation of BONE tokens, he reiterates the importance of conducting independent research and reminds viewers that his comments do not constitute financial advice.