OKX Now 4th Largest BONE Holder, as Balance Surges by 400%

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, one of the most prominent Seychelles-based exchanges, 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.

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.

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 Currently 4th Largest Gainer Among top 500 Assets

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.

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.