Crypto Surge: Bone ShibaSwap (BONE) Price Surges on Contract Renunciation Confirmation on September 27

Crypto Surge: Bone ShibaSwap (BONE) Price Surges on Contract Renunciation Confirmation on September 27

Crypto News – On September 27, Bone cryptocurrency experienced a significant surge in its price following confirmation from the community regarding the successful completion of its contract renouncement process.

Shiba Inu (SHIB) cryptocurrency has garnered considerable attention from investors due to a series of developments within its community. Concurrently, investors are closely monitoring Bone ShibaSwap (BONE) cryptocurrency, evident from the surge in its price. Anticipation is high among investors for the potential listing of BONE cryptocurrency on major exchanges, given the formal renouncement of the token’s contract by the Shiba Inu team.

Contract Renunciation of BONE ShibaSwap (BONE) Token

The development team behind Shiba Inu took a notable step by formally renouncing the contract of Bone ShibaSwap (BONE), the gas token for Shibarium. The official announcement was shared on the Shiba Inu X platform and featured a message from Kaal Dhairya, one of the key developers behind Shiba Inu.

Dhairya emphasized that the renunciation of the BONE contract was executed through the TopDog contract, ensuring transparency and openness in the process. To provide proof, Dhairya included a link to Etherscan in the tweet, allowing users to verify that the BONE contract renunciation occurred precisely at 21:04 (UTC) the previous day.

This strategic move follows Shiba Inu’s recent announcement that the development team had made significant progress in minting the remaining supply of BONE tokens. It’s worth noting that the minting of these remaining tokens is a crucial prerequisite for renouncing the contract associated with the token.

Previously, the Shiba Inu community had voted to halt BONE minting once the token supply reached 230 million. However, an agreement was reached within the team to mint the remaining 20 million tokens, allocating them to Shibarium validators.

This successful minting of the remaining BONE supply and subsequent contract renunciation underscore the development team’s dedication to the project’s future success and the burgeoning ecosystem of Shibarium.

Price Surge of Bone ShibaSwap (BONE)

Notably, investors greeted the announcement with enthusiasm, as evidenced by the significant surge in the price of Bone ShibaSwap (BONE) cryptocurrency. The Bone price saw a 7.41% increase as of writing on September 27, trading at $0.9066. Over the last 24 hours, the cryptocurrency’s trading volume increased by 56.85% to $8.35 million, and its market capitalization surged by 5.11% to $204.94 million.

The news of the contract renunciation has bolstered optimism among investors, with many market participants anticipating the cryptocurrency’s imminent listing on major exchanges. Moreover, the gains witnessed today have propelled Bone cryptocurrency to an approximately 10% increase over the past week.

However, Shiba Inu’s price experienced a 0.79% decline, trading at $0.000007213 as of writing on Wednesday.