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HomeCrypto NewsShiba Inu: OKX Lists BONE, Now 4th Largest Holder as Balance Surges by 400%

Shiba Inu: OKX Lists BONE, Now 4th Largest Holder as Balance Surges by 400%


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In a recent poll from OKX, investors were given the opportunity to vote for their preferred meme coin to be listed on the platform. BONE was among the options.

OKX, a prominent Seychelles-based exchange, is now the fourth largest holder of Bone ShibaSwap (BONE), the governance token of ShibaSwap and the gas token for the much-anticipated Shibarium network. OKX’s BONE holdings recently surged by 400% in just three days. The exchange has also listed BONE following the conclusion of a poll it conducted on its next listing move.

Data from Etherscan indicates that the exchange now holds a whopping 7,850,929 (7.85 million) BONE currently valued at $8.03 million at the time of reporting. This makes it the fourth largest holder, towering over the Shiba Inu: Migrator address and the Crypto.com 5 address which respectively secure fifth and eighth.

Shiba Inu Top BONE holders
Shiba Inu Top BONE holders

OKX’s current holding marks a massive 400% surge from the balance of 1,559,823 (1.56 million) BONE witnessed on April 21. OKX now holds 3.41% of the total BONE supply.

Moreover, Etherscan data suggests that up to 378,342 BONE tokens were deposited to the OKX address on Saturday, and a whopping 5,863,914 (5.87 million) BONE deposited on Sunday. Total transfers into the address from April 21 to 23 reached 216, and this value keeps increasing.

As previously reported, this accumulation trend picked up two days ago when OKX’s BONE balance surged to 1.7 million tokens. The holding has increased by 355% since the previous disclosure.

BONE Now 4th Biggest Gainer in 24H Amid OKX Listing

The recent surge can be attributed to multiple transfers from Shiba Inu and BONE proponents who have taken to depositing BONE tokens to their OKX accounts in anticipation of an OKX listing. Recall that the exchange recently conducted a poll, asking investors to pick the meme coin they would love to see listed on the platform.

Notably, users are advised to deposit at least $10 worth of the asset they want listed. OKX promised to list the top three assets with the largest deposits, out of a total of five tokens in the poll. Data suggests that BONE deposits have overshadowed other assets as of press time.

Following the conclusion of the poll, OKX recently announced that it will be listing BONE along with AIDOGE. Notably, trading for BONE against USDT will begin on April 25, at 6:00 (UTC). Furthermore, users who deposited their BONE tokens to OKX for the poll can start withdrawing them from April 26, 10:00 (UTC). 

Meanwhile, BONE continues to surge in value, currently the fourth largest gainer in the past 24 hours among the top 500 tokens on CMC. The asset has rallied by 10.51% in the past 24 hours, currently trading for $1.09.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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