In a surprising turn of events, a mysterious whale has re-emerged to make a substantial purchase of Shiba Inu’s BONE token. According to data from the Etherscan explorer, an anonymous investor, who had been inactive for over a year, recently acquired approximately 259,000 BONE tokens, equivalent to a staggering $209,000 at the current token price.
This anonymous wallet holder had been on the sidelines for an extended period, only to reappear with a sizable commitment to BONE. Interestingly, this investor has a diversified crypto portfolio with a diverse collection of meme tokens, collectively valued at nearly $100,000.
Moreover, it’s important to note that this investor’s interest isn’t confined to the Ethereum network. Data from the BscScan explorer shows their presence on the BNB Chain, where they hold $12,000 worth of Binance Coin (BNB).
The reasons why this whale suddenly became interested in BONE are unclear. Some market observers speculate that it may be linked to recent innovations announced by the Shiba Inu team. Among these developments, there are high expectations that the Shiba Inu token, BONE, might undergo significant changes in its minting process.
The burning question amid the community is whether this quarter-million-dollar investment would trigger a resurgence in BONE’s price or if it heralds even greater surprises within the Shiba Inu ecosystem. As of now, it’s a waiting game as the crypto community speculates about the intentions and future moves of this dormant whale.
Previously, it was reported that Shiba had taken significant strides towards enhancing decentralization by focusing on BONE Token’s core functionalities, emphasizing investors’ protection and reducing human interference.
The Shiba Inu token, which was introduced in August 2020 by an anonymous individual or group operating under the name “Ryoshi,” is a decentralized cryptocurrency. Currently, its price is at $0.0000073396, reflecting a 1.20% drop in the past 24 hours. The recent price movement has led to a total market capitalization of approximately $4,325,436,702.48. Over the course of this year, Shiba Inu has experienced a -9.46% change in its value.
Shiba Inu coin, often referred to as SHIB, is an ERC-20 token that plays a vital role within the Shiba ecosystem. This ecosystem consists of three distinct tokens – SHIB, BONE, and LEASH – which users can engage with by staking, swapping, or depositing them into liquidity pools on the ShibaSwap decentralized exchange. These activities can yield interest and rewards for participants.
