Shiba Inu Governance Token Gains 7% Amid Dogecoin Weakness

Bone ShibaSwap BONE/USD, the governance token of the ShibaSwap ecosystem, is up 7% in the last 24 hours, even as top meme coins such as Dogecoin DOGE/USD and Shiba Inu SHIB/USD took a hit.

What Happened: At the time of writing, BONE was trading above $1.

Bone ShibaSwap’s trading volume saw an increase of 15% in the past 24 hours, reaching $5.98 million, according to data from LunarCrush.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

LunarCrush’s data analysis also indicates that Bone ShibaSwap saw an increase of 229.3% in total social media engagements over the course of a week, with the engagements reaching a total of over 132.3 million.

Price Action: At the time of writing, DOGE was trading at $0.079, down 1.31%. SHIB was trading at $0.000010, according to Benzinga Pro.

Market News and Data brought to you by Benzinga APIs

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Shiba Inu Governance Token Gains 7% Amid Dogecoin Weakness