Shiba Inu (SHIB) Adds Zero as Shibarium’s BONE Plunges 10%

• Shiba Inu (SHIB) lost a key support level, and its price dropped significantly.
• The SHIB Army is fighting the bear market by burning tokens in what has become the largest burn transaction of the year.
• Shibarium’s gas fee token, Bone ShibaSwap (BONE), also saw a dip in value and dropped out of the TOP 100 cryptocurrencies.

Shiba Inu (SHIB) Price Plunges

The bears of crypto winter have returned to do a number on the popular Japanese guard dog-themed cryptocurrency Shiba Inu (SHIB). As the global crypto market cap falls short of $1 trillion once again, SHIB lost a multi-month fundamental support level and added a zero to its price. At press time, SHIB trades at $0.00000973 according to CoinGecko with an 8.5% drop in value over the last 24 hours and 30% deficit since last month.

The SHIB Army Fights Back

In order to fight against these bearish trends, the community known as the SHIB Army contributed towards maintaining SHIB’s price by burning a desired amount of tokens on Shibburn. A record-breaking 85,682,280 SHIB tokens were set ablaze today in one particularly large burn transaction that made waves on Twitter.

Shibarium Releases Public Beta

Caught up in this bull trap, SHIB Token plans to release their Shibarium Public Beta this week with many members of the community eagerly awaiting this upgrade as well as Shiba Inu’s metaverse project ‘SHIB: The Metaverse’ being featured in SXSW Experience in Austin, Texas this March.

Bone ShibaSwap (BONE) Also Plunges

Falling along with its parent currency, Shibarium’s intended gas fee token Bone ShibaSwap (BONE) also plunged by 11.3% over the past 24 hours and 15.2% since last month leading it to drop out of the Top 100 rankings according to CoinGecko which now values BONE at $1.55 per token .


Overall it seems that both major currencies associated with Shibarium are feeling pressure from this latest bear cycle but there may be hope for recovery if either or both projects‘ upcoming upgrades can turn things around for investors before too much damage has been done .