OKX, the well-known Seychelles-based cryptocurrency exchange, has become the fourth largest holder of Bone ShibaSwap (BONE) tokens. BONE serves as the governance token for ShibaSwap and the gas token for the eagerly awaited Shibarium network. In just three days, OKX’s BONE holdings have skyrocketed by 400%. The exchange has also added BONE to its listings following a recent user poll regarding its next listing move.
OKX’s BONE holdings and market position
According to Etherscan data, OKX currently holds an impressive 7,850,929 (7.85 million) BONE, valued at $8.03 million at the time of reporting. This places the exchange as the fourth largest holder, surpassing the Shiba Inu: Migrator address and the Crypto.com 5 address, which hold fifth and eighth positions, respectively. OKX’s current holdings represent a massive 400% increase from its balance of 1,559,823 (1.56 million) BONE on April 21 and now account for 3.41% of the total BONE supply.
Etherscan data reveals that 378,342 BONE tokens were deposited into the OKX address on Saturday, followed by an astounding 5,863,914 (5.87 million) BONE on Sunday. The total transfers to the address from April 21 to 23 reached 216, and this number continues to rise. The accumulation trend began two days ago when OKX’s BONE balance surged to 1.7 million tokens, marking a 355% increase since the previous report.
BONE gains momentum with OKX listing
The recent upswing can be attributed to multiple transfers from Shiba Inu and BONE supporters depositing BONE tokens into their OKX accounts in anticipation of the token’s listing on the platform. OKX recently conducted a poll asking users to choose the meme coin they would like to see listed on the platform. Users were advised to deposit a minimum of $10 worth of their preferred asset, with OKX pledging to list the top three assets with the most significant deposits. As of now, BONE deposits appear to have outperformed other assets.
Upon concluding the poll, OKX announced that it would list BONE alongside AIDOGE. Trading for BONE against USDT is set to commence on April 25 at 6:00 (UTC). Additionally, users who deposited their BONE tokens for the poll will be able to withdraw them starting April 26, 10:00 (UTC).
In the meantime, BONE’s value continues to rise, ranking as the fourth largest gainer in the past 24 hours among the top 500 tokens on CoinMarketCap. The asset has surged by 10.51% in the last 24 hours, with its current trading price at $1.09.