Whale Buys $1.52 Million Bone Tokens Ahead of Shibarium Launch: Is BONE Ready to Explode?
A massive whale has just made a significant investment in Bone ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem, sparking renewed interest and speculation ahead of the highly anticipated Shibarium launch. This substantial purchase has the Shiba Inu community buzzing, wondering if this is a sign of big things to come for BONE.
$1.52 Million BONE Purchase: What We Know
Recently, a new whale emerged in the Shiba Inu ecosystem, making waves with a substantial BONE purchase. Blockchain data from Etherscan confirms the whale added $1.52 million worth of BONE to their wallet, indicating a strong belief in the future of the token and its role within Shibarium.
Hace 23 horas The Crypto Basic highlighted a buying spree earlier in May. A new wallet showed activity, acquiring a total of 1.76 million BONE tokens over a 5-day period. This recent $1.52 million purchase further solidifies the growing interest from large investors in BONE.
Etherscan Data Reveals Whale Activity
Etherscan.io transaction records show the wallet's initial activity began on April 27th with a modest 0.2 ETH deposit. Then, just two days later, on April 29th, the activity increased sharply. This timing is significant, as it precedes the increasing hype surrounding the Shibarium release date. Could this whale be privy to information about the launch?
BONE Remains Unresponsive (For Now?)
Despite the significant whale activity, BONE remains unresponsive in the short term. However, many believe that the true potential of BONE will be unlocked with the launch of Shibarium, where it will play a crucial role in gas fees and governance. This whale's investment could be a long-term strategic play, anticipating the increased utility and demand for BONE within the Shibarium ecosystem.
Interestingly, this isn't the first notable BONE transaction. Previously, an investor sold their entire stash of 979,469 BONE tokens for 787 ETH, equivalent to $1.44 million at a rate of $1.47. The Zabi platform was used for this transaction. This previous sale highlights the volatility of the token and the profit-taking opportunities within the Shiba Inu ecosystem. This time, however, the Whale goes for BONE, suggesting renewed confidence.
Shibarium Launch: A Catalyst for BONE?
In the past few months, the BONE token has gained significant popularity in the Shiba Inu community prior to the launch of shibarium release date. With Shibarium's arrival drawing near, the demand for BONE is expected to surge. As the governance token of Shibarium, BONE will be essential for validating transactions, participating in governance decisions, and powering the network. The whale's recent purchase may be a strategic move to capitalize on this anticipated surge in demand.
Stay tuned for more updates on the Shibarium launch and the price action of BONE as the Shiba Inu ecosystem continues to evolve!