Wednesday, February 8, 2023
HomeCrypto NewsWhale Invests 1.1M BONE In Shiba Inu's Bone ShibaSwap

Whale Invests 1.1M BONE In Shiba Inu’s Bone ShibaSwap

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There has lately been an increase in the value of the Shiba Inu’s Governance token, Bone ShibaSwap, as a new whale acquires a significant amount of it. The whale increased her bankroll by $1.52 million in BONE.

Based on Etherscan.io data, a new Whale accumulated $1,529,000 ($1.52M) worth of BONE through one large transaction within the last 24 hours. According to the report, the large-scale transaction took place roughly 10 hours before press time.

Fresh Whale Accumulated 1.10 Million BONE

After the transaction, the wallet is now rated 17th among the largest Bone ShibaSwap holders.

Read also: Speculations as SHIB Army Thinks Huobi Global Hints BONE Listing 

Shiba Inu’s governance token, Bone ShibaSwap, is gaining interest from increasingly significant exchanges and big investors as the launch of the much anticipated Shibarium – Layer 2 Solution nears. This is because BONE will serve as the primary token used to pay for transaction fees, also known as the native gas token on the Shibarium system. The demand for the token is anticipated to rise in the near future.

The Bone token has recently been listed on several notable exchanges, including Uphold, a cryptocurrency exchange based in New York, SunCrypto, India’s top digital asset platform, and StealthEX, a cryptocurrency exchange based in the Cayman Islands. This is a remarkable achievement for the coin because it makes it more available to traders and investors and boosts its liquidity.
In addition to this, the BONE token has performed exceptionally over the past month. In the past 30 days, it has increased by 69.9%, according to data from CoinGecko. BONE is trading at $1.39 as of the time of the report, having lost 0.7% on the previous day with a trading volume of $5,044,405.

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