Question 1

Why is BONE’s price up today? (04/10/2025)

Accepted Answer

## TLDR  
Bone ShibaSwap (BONE) rose **0.29%** in the last 24h, underperforming the broader crypto market (+0.85%). While the uptick is minor, three factors contributed:

1. **Shibarium Recovery Progress** – Developers resolved a $4M exploit, restored validator keys, and announced plans to restart Ethereum bridges (Oct 3–4).  
2. **Recovered BONE Tokens** – 4.6M BONE ($634K) tied to the attack were neutralized, easing sell pressure.  
3. **Technical Rebound** – Price stabilized near $0.138 after hitting a multi-month low of $0.128 earlier in September.

---

## Deep Dive  
### 1. Shibarium Security Overhaul (Mixed Impact)  
**Overview:**  
Shibarium, Shiba Inu’s Layer-2 blockchain, resumed operations on Oct 3 after a 10-day shutdown caused by a $4.1M exploit. Developers migrated 100+ contracts to secure wallets, rotated validator keys, and introduced blacklisting mechanisms to prevent future attacks ([Bitcoinist](https://bitcoinist.com/shiba-inu-developers-respond-to-4-million-exploit/)).

**What this means:**  
The swift response restored minimal confidence, but lingering risks remain. BONE’s utility as Shibarium’s gas token ties its price to network activity, which remains depressed at ~2K daily transactions (vs. 1.4B total historically).

**What to look out for:**  
Full reactivation of Shibarium’s Ethereum bridge and details on user refunds.

---

### 2. Reduced Immediate Sell Pressure (Bullish Catalyst)  
**Overview:**  
The attacker’s 4.6M BONE stake—acquired via flash loan—was frozen and later neutralized through a contract upgrade. This prevented a potential dump of ~$634K worth of tokens ([Coinspeaker](https://www.coinspeaker.com/4600000-bone-frozen-following-shibarium-hack-threats-details/)).

**What this means:**  
While the broader supply remains inflationary (229.9M BONE circulating / 250M max), the freeze temporarily removed a major overhang.

---

### 3. Technical Stabilization (Neutral)  
**Overview:**  
BONE found support near its September low of $0.128, with the 7-day SMA ($0.137) acting as resistance. The RSI (40.92) suggests neither overbought nor oversold conditions.

**What this means:**  
The bounce reflects short-term trader interest but lacks strong bullish momentum. A sustained breakout above the 30-day SMA ($0.162) is needed to signal trend reversal.

---

## Conclusion  
BONE’s modest rebound reflects relief after Shibarium’s exploit resolution, but broader challenges persist—including declining network activity and a 65% yearly price drop. **Key watch:** Can Shibarium’s bridge relaunch (expected Oct 4–5) revive transactional demand for BONE?

Question 2

Why is BONE’s price down today? (02/10/2025)

Accepted Answer

## TLDR  
Bone ShibaSwap (BONE) fell 0.14% over the last 24h, aligning with its 9.85% weekly and 13.64% monthly declines. Here are the main factors:

1. **Post-Hack Asset Liquidation** – Attackers sold stolen assets, pressuring prices.  
2. **Technical Bearish Signals** – Oversold RSI and MACD divergence suggest weak momentum.  
3. **Shibarium Activity Slump** – Network usage decline erodes BONE’s utility demand.

## Deep Dive  
### 1. Post-Hack Asset Liquidation (Bearish Impact)  
**Overview:** The September 12 Shibarium Bridge hack ($4.1M stolen) led to attackers dumping portions of stolen BONE and related assets. On September 22, they liquidated 2,057 BAD tokens for ETH, following earlier SHIB sales ([Coinspeaker](https://www.coinspeaker.com/shibarium-bridge-hacker-offloads-bad-holdings/)).

**What this means:** Residual selling pressure from stolen assets has kept BONE’s market sentiment fragile. Despite the team freezing 4.6M BONE tokens post-attack, fears of further offloading persist.

**What to look out for:** Continued monitoring of the attacker’s wallet (0x45b…0DF2a) for additional sales.

### 2. Technical Bearish Signals (Mixed Impact)  
**Overview:** BONE’s 7-day RSI (28.57) indicates oversold conditions, but the MACD histogram (-0.00385) shows sustained bearish momentum. Price trades below all key moving averages (7-day SMA: $0.139).

**What this means:** While oversold levels hint at potential rebound risks, the lack of bullish crossover in MACD and failure to reclaim $0.136 pivot point suggest weak buying conviction.

### 3. Shibarium Activity Slump (Bearish Impact)  
**Overview:** Shibarium’s daily transactions plummeted from millions earlier in 2025 to under 20,000 recently ([Cryptopotato](https://cryptopotato.com/3-reasons-why-shiba-inu-shib-might-be-poised-for-a-rally/)), reducing BONE’s utility as its gas token.

**What this means:** Lower network usage directly impacts demand for BONE, compounding sell-side pressure from security concerns and exchange delistings (e.g., OKX’s July exit).

## Conclusion  
BONE’s minor 24h dip reflects broader bearish trends driven by post-hack uncertainty, weak technicals, and Shibarium’s declining adoption. **Key watch:** Can the team’s security upgrades (multisig cold storage, validator decentralization) restore confidence in Shibarium’s stability?

Latest Bone ShibaSwap (BONE) Price Analysis

Why is BONE’s price up today? (04/10/2025)

TLDR

Deep Dive

1. Shibarium Security Overhaul (Mixed Impact)

2. Reduced Immediate Sell Pressure (Bullish Catalyst)

3. Technical Stabilization (Neutral)

Conclusion

Why is BONE’s price down today? (02/10/2025)

TLDR

Deep Dive

1. Post-Hack Asset Liquidation (Bearish Impact)

2. Technical Bearish Signals (Mixed Impact)

3. Shibarium Activity Slump (Bearish Impact)

Conclusion

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