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Whale Accumulates 4.57 Million BONE Tokens via OKX, Sparking Shiba Inu Community Buzz

Whale Accumulates 4.57 Million BONE Tokens via OKX, Sparking Shiba Inu Community Buzz

Author:
OKX News
Published:
2025-05-31 09:49:18
13
2

A major transaction involving Bone ShibaSwap (BONE) has stirred speculation within the shiba inu community. An unidentified wallet acquired 4,572,758 BONE tokens, worth around $1.3 million, from the OKX exchange. This marks the largest in a series of transfers observed over the past five days, propelling the receiving address into the top 10 BONE holders. BONE, the gas token for Shibarium, continues to play a pivotal role in the ecosystem, and this accumulation has fueled discussions about potential future developments or price movements. The transaction underscores growing interest in the token, with the community closely monitoring the whale’s next moves.

Whale Accumulates 4.57 Million BONE Tokens Amid Shiba Inu Community Speculation

A significant transaction involving Bone ShibaSwap (BONE) has captured the attention of the Shiba Inu community. An unidentified wallet received 4,572,758 BONE tokens, valued at approximately $1.3 million, from the OKX exchange. This marks the largest in a series of transfers over the past five days, with the receiving address now ranking among the top 10 BONE holders.

BONE, the gas token for Shibarium, remains 99.3% below its all-time high but continues to attract accumulation during its prolonged consolidation phase. The sending address ’0x91D4’ has consistently moved tokens to ’0x073F’, which now holds over 5.45 million BONE worth $1.57 million. Market participants interpret this whale activity as a bullish signal for the token’s future prospects.

Crypto Bulls Rack up $600M Liquidations as Bitcoin Drops Under $104K

Crypto markets faced a sharp downturn as Bitcoin slid below $104,000, triggering $688 million in liquidations—the highest since February. Long positions bore the brunt, accounting for 89% of losses, reflecting overwhelmingly bullish sentiment. The largest single liquidation was a $12.25 million BTC/USDT trade on OKX.

Bitcoin futures led with $153 million in liquidations, followed by ethereum ($122 million), Solana ($33 million), XRP ($30 million), and Dogecoin ($22 million). The sell-off coincided with renewed trade tensions after former U.S. President Donald Trump accused China of violating bilateral agreements, threatening to escalate tariffs on steel and aluminum.

Market analysts linked the crypto slump to risk-off sentiment across global markets. While China’s steel exports already face tariffs, Trump’s rhetoric rattled commodities and risk assets alike. The episode underscores crypto’s growing sensitivity to macroeconomic crosscurrents.

|Square

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