BONE sees 25% weekly gains as daily addresses surge
Bone ShibaSwap (BONE), the governance token for the ShibaSwap DEX and one of the Shiba Inu ecosystem tokens, has skyrocketed 25% over the past week. The impressive run has been supported by a noticeable surge in daily active addresses since July 28. BONE failed to capitalize on the altcoin rally within the broader market on July 13, triggered by the favorable ruling in the Ripple case. Despite a marked uptick registered by several altcoins, BONE saw a meager 5.42% increase. Notably, the bears quickly erased the asset’s modest gains, leading to a 12% decline five days later. The bearish situation coincided with a significant drop in daily active addresses, as investors’ interest declined drastically amid exhaustion of an earlier rally. You might also like: BONE surges 21% with rising Shibarium utility BONE registers bullish momentum However, BONE embarked on a solo rally following the dip on July 18, registering intermittent gains on the heels of a renew...