This Shiba token emerges as the most traded token among ETH whales

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The global crypto market rallied slightly after falling below the vital market cap of $1 trillion. However, Bone Shiba Swap (BONE) trading volume soared over 270% while other tokens traded slightly lower.

Bone Shiba Swap returns aWETH

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

According to the data, the BONE token also landed on the top 10 tokens bought by the largest whale. However, it is also among the most used smart contracts by the top 100 whales in the last 24 hours.

Bone Shiba Swap price jumped over 80% in the last 24 hours. However, it managed to increase by around 160% in the last 7 days.

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

Why is BONE booming?

However, the reason for the token’s price surge may be speculation about its listing on another crypto exchange. The Gate launched the vote for users to decide on the list. Meanwhile, BlueBit has announced that it will launch trading of the token on its platform.

As we dig, stETH is still the largest token held by the top 100 Ethereum whales. However, Shiba Inu is second on the count. 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 press time. The price of Shiba Inu has increased slightly by only 1.65% in the last 24 hours.

Ashish believes in decentralization and has a keen interest in the evolution of Blockchain technology, the cryptocurrency ecosystem, and NFTs. He aims to raise awareness of the growing crypto industry through his writing and analysis. When he’s not writing, he’s playing video games, watching thrillers, or playing sports outdoors. Contact me at [email protected]

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.

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