U.Today - token is pumping, rising slightly less than 10% within the past 24 hours. There may be a couple of reasons for that price action.
BONE up 8% as Shytoshi Kusama issues new statement
BONE is a governance token of the ShibaSwap DEX (the official decentralized exchange of Shibarium), but it is also the gas token for Shib's Layer 2 blockchain that the SHIB team is about to launch.Shytoshi wrote in the "Shibarium Tech" channel on Telegram yesterday that he is "too busy starting the launch process of a blockchain." He mentioned it since the SHIB community on Telegram asked him to tweet that Shib 2.0 is a scam, according to a message he posted earlier that day.
However, Kusama responded that he has no time to tweet about every SHIB-related scam that emerges. Therefore, he hinted that the launch of Shibarium mainnet may be coming soon.
Source: "Shibarium Tech", TelegramLast week, Kusama mentioned on Telegram that "everything is already set" and that he cannot change the date or place, as this is a part of his "launch strategy" for Shibarium.
This was likely the driver for the price increase demonstrated by BONE; within the last 24 hours, the token has pumped 8%. At the time of this writing, BONE is .
Test Shibarium transaction peak powered by BONE
As mentioned above, BONE is a token in which gas fees are paid on Shibarium, and a testnet has been running since March 11, dubbed Puppynet.As of now, the on it has surpassed 17.5 million, which is a new all-time high. However, Shytoshi Kusama has warned the community several times that since this is still a testnet, all the tokens used on it are not real and are used for test purposes only.