Shiba Inu's marketing lead announced a major development on Shibarium, the layer 2 blockchain. An unlock of BONE tokens will flood Shibarium with liquidity, presenting opportunities for developers and users within the ecosystem. This announcement has sparked a surge in SHIB price and investor interest. The coin's price gained nearly 2.5%, aligning with broader market trends, and futures OI and derivatives volume also surged. The ecosystem has seen positive developments, including the launch of the ShibDev portal and ongoing token burning. The article discusses the potential impact of the development on the Shiba Inu coin and its bullish dynamics.

Shiba Inu executive Lucie has recently revealed that a major development is about to happen on Shibarium, the layer 2 blockchain. In just under 9 days, something big is coming to the Layer 2, sparking a buzz across the broader industry. The development primarily revolves around the unlock of BONE tokens and its implications for liquidity within the ecosystem.

In an official post, Lucie unveiled that shortly ahead, an enormous amount of BONE locked in validators will be unlocked as knBONE on Shibarium. This unlock will flood Shibarium with liquidity, presenting opportunities for developers, projects, and builders within the Shiba community. The impending release of knBONE is expected to generate a wave of activity as users look to stake or spend their tokens.

The Shiba Inu coin price gained nearly 2.5% at press time and was sitting at $0.00001342. The coin’s intraday low and high were $0.00001301 and $0.00001371, respectively. This pumping movement aligns with today’s broader market trend, underscoring heightened investor interest in the asset. Futures OI surged 8% to $25.66 million, with derivatives volume also registering a 57% increase to $48.13 million, further solidifying optimism in the token.