This Shiba Token Emerges As Most Traded Token Among ETH Whales

The global crypto market recovered slightly after falling under the vital $1 trillion market cap. However, the Bone Shiba Swap (BONE) trading volume skyrocketed by more than 270% while other tokens traded slightly low.

Bone Shiba Swap flips aWETH

According to the whaleStats, the Shiba Swap flipped Aave Wrapped Ethereum (aWETH) to become the most traded token among the top 100 ETH whale wallets. However, aWETH dropped down to the 8th spot.

As per the data, the BONE token has also landed on the top 10 purchased tokens by the biggest of the whales. However, it is also among the most used smart contracts by the top 100 whales over the past 24 hours.

Bone Shiba Swap price has jumped by more than 80% over the past 24 hours. However, it has managed to surge by around 160% in the past 7 days.

Bone Shiba Swap is trading at an average price of $2.02, at the press time. ETH whales helped the BONE to ride high amid the recent downturn. Meanwhile, it is still trading down by 90% from its all time high of $41.6. Its 24 hour trading volume zoomed by 270% to stand at $65.5 million.

Why BONE is surging?

However, the reason behind the price surge of the token can be speculation about its listing over another crypto exchange. The Gate launched the voting for users to decide on the listing. Meanwhile, BlueBit announced that they will be launching the trading of the token over their platform.

As we dig in, the stETH is still the biggest token held by the top 100 Ethereum whales. However, Shiba Inu stands second on the tally. Whale wallets hold around $281 million worth of stETH while they hold around $151 million worth of SHIB tokens with them.

Meanwhile, the second largest meme token, Shiba Inu is trading at an average price of $0.000012, at the press time. Shiba Inu price are marginally up by just 1.65% over the past 24 hours.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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