Seychelles-based exchange OKX has emerged as the fourth largest holder of Bone ShibaSwap (BONE), the governance token for ShibaSwap and the gas token for the upcoming Shibarium network. Data from Etherscan reveals that OKX’s BONE holdings increased by a staggering 400% in just three days.
According to Etherscan data, OKX now holds approximately 7.85 million BONE tokens, valued at $8.03 million at the time of writing. This places the exchange as the fourth largest holder, surpassing both the Shiba Inu: Migrator address and the Crypto.com 5 address. OKX’s current holdings constitute 3.41% of the total BONE supply. The rapid accumulation of BONE tokens began on April 21, with a balance of 1.56 million BONE, and has since increased by 355%.
OKX listing and deposit surge
The surge in BONE holdings can be attributed to multiple transfers from Shiba Inu and BONE supporters who deposited their tokens into OKX accounts in anticipation of an OKX listing.
The exchange had recently conducted a poll, asking investors to select the meme coin they would like to see listed on the platform. OKX advised users to deposit at least $10 worth of their preferred asset, with the top three assets receiving the most deposits slated for listing. BONE deposits have outperformed other assets in the poll.
Following the poll’s conclusion, OKX announced it would list BONE alongside AIDOGE. BONE trading against USDT is set to commence on April 25 at 6:00 (UTC). Users who deposited BONE tokens for the poll can withdraw their tokens starting from April 26 at 10:00 (UTC).
BONE’s value has continued to rise, currently ranking as the fourth largest gainer in the past 24 hours among the top 500 tokens on CoinMarketCap. The asset has experienced a 10.51% increase during this time, trading at $1.09 per token.
