BONE Surges 8.3% As OKX Amasses 1.71 Million BONE Tokens In Single Day
22 Abril 2023 - 5:30AM
NEWSBTC
While the crypto market appears to be in decline, Bone Shibaswap
(BONE), the Shibaswap ecosystem’s governance token, has been on the
rise. As of this writing, the price of Bone Shibaswap has ballooned
to an impressive 8.3% in the past 24 hours, according to CoinGecko
data. However, a broader look at BONE’s market performance
indicates an underwhelming run in the past month. The meme token
has experienced a 16.8% price drop in the last 30 days. Related
Reading: OKB Token Shines With 23% Gains On Weekly Chart, What’s
Pushing It? OKX Becomes 13th Biggest BONE Holder Without a doubt,
the price rise of Bone Shibaswap is reflective of recent market
activity. On-chain data from Etherscan.io reveals that OKX, a
prominent cryptocurrency exchange, has acquired a staggering
1,900,736.16586897 BONE tokens (equivalent to $1,788,547.11 ) in
the past 24 hours. This acquisition, executed via multiple
transactions, pushed OKX to 13th place on the list of largest BONE
holders. OKX is not the only exchange on this list, as
Singapore-based firms Crypto.com and MEXC Global are also members
of the exclusive club. The buying spree kicked off after OKX
launched a voting event on Friday, April 21st, inviting users to
vote for the meme project they would like to see listed on the
exchange. The voting event features five of the most popular meme
tokens, including AIDOGE, BONE, BONK, OPTI, and PEPE. OKX
also declared its intention to list the three tokens with the
highest number of votes. The voting event will end at exactly 06:00
am UTC on April 24th, 2023. Results are to be announced on the same
day at 10:00 am UTC. If OKX does list BONE on its exchange, it will
be the coin’s biggest exchange listing ever. Of course, as has been
exhibited in the past 24 hours, this would have an impact on the
value of Bone Shibaswap. Other prominent exchanges to have listed
the token include Crypto.com, Gate.io, Bitget, Bing, and BTCEX.
Time To Buy The Dip? Going by the coin’s movement in the past, BONE
surged to new heights when listed by a crypto exchange. However, it
is worth noting that these price increases were short-lived, as is
often the case in the market these days. For example, after the
cryptocurrency was listed on Crypto.com in early March, it rallied
a 14.8% increase in a few days. By the end of March, the token
price had plummeted by a disappointing 30.9%. According to
CoinCodex price prediction, the current sentiment for Bone
Shibaswap is bearish, with the token expected to lose 6.99% of its
current value in five days. Meanwhile, the coin is projected to
lose an additional 40% over the next month. That said, this
information should not be relied upon as investment advice. BONE is
currently priced at $0.945, with a daily trading volume of
$4,888,630. Related Reading: These Top 5 Cryptos Are Thriving
Despite A Slippery Market BONE trading at $0.9404 | Source:
BONE/USD chart from TradingView Featured image from CoinGecko,
chart from TradingView
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