Bitcoin
Bitcoin (BTC)
$62,634.00 3.98244
Bitcoin price
Ethereum
Ethereum (ETH)
$3,343.28 4.16319
Ethereum price
BNB
BNB (BNB)
$558.19 3.46617
BNB price
Solana
Solana (SOL)
$152.42 4.82951
Solana price
XRP
XRP (XRP)
$0.5286660 -0.66996
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 3.43729
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 4.30982
Pepe price
Bonk
Bonk (BONK)
$0.0000242 0.7171
Bonk price
Bitcoin
Bitcoin (BTC)
$62,634.00 3.98244
Bitcoin price
Ethereum
Ethereum (ETH)
$3,343.28 4.16319
Ethereum price
BNB
BNB (BNB)
$558.19 3.46617
BNB price
Solana
Solana (SOL)
$152.42 4.82951
Solana price
XRP
XRP (XRP)
$0.5286660 -0.66996
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 3.43729
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 4.30982
Pepe price
Bonk
Bonk (BONK)
$0.0000242 0.7171
Bonk price
Bitcoin
Bitcoin (BTC)
$62,634.00 3.98244
Bitcoin price
Ethereum
Ethereum (ETH)
$3,343.28 4.16319
Ethereum price
BNB
BNB (BNB)
$558.19 3.46617
BNB price
Solana
Solana (SOL)
$152.42 4.82951
Solana price
XRP
XRP (XRP)
$0.5286660 -0.66996
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 3.43729
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 4.30982
Pepe price
Bonk
Bonk (BONK)
$0.0000242 0.7171
Bonk price
Bitcoin
Bitcoin (BTC)
$62,634.00 3.98244
Bitcoin price
Ethereum
Ethereum (ETH)
$3,343.28 4.16319
Ethereum price
BNB
BNB (BNB)
$558.19 3.46617
BNB price
Solana
Solana (SOL)
$152.42 4.82951
Solana price
XRP
XRP (XRP)
$0.5286660 -0.66996
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 3.43729
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 4.30982
Pepe price
Bonk
Bonk (BONK)
$0.0000242 0.7171
Bonk price

BONE whales accumulate despite price downturn

bone-whales-accumulate-despite-price-downturn
Edited by
Markets
BONE whales accumulate despite price downturn

As the global crypto market capitalization fell below the $1.15 trillion mark, Bone ShibaSwap (BONE) witnessed notable highs and lows over the past week. 

BONE, ShibaSwap’s governance token, registered a 17% loss over the past week and plunged by 13% in the past 24 hours alone. While the downward movement continues, Bone whales have been making accumulation moves.

BONE price, whale activity, active addresses, and exchange outflow - Aug. 17 | Source: Santiment
BONE price, whale activity, active addresses, and exchange outflow – Aug. 17 | Source: Santiment

According to data provided by the market intelligence platform Santiment, whale transactions consisting of at least $100,000 worth of BONE have doubled over the past two days — rising from only 19 trades on Aug. 15 to 38 transfers on Aug. 16.

Moreover, Santiment data shows that BONE’s exchange outflow has doubled in the same timeframe — surging from 1.18 million tokens to 2.36 million over the past two days.

Quite similarly, the number of active Bone addresses has been constantly rising since Aug. 10. According to Santiment’s data, the total number of dynamic BONE wallets rose by 626% over the past week, reaching 6,313 unique addresses at the time of writing.

The asset started the month with 25% weekly gains as active addresses surged by around 150% between July 24 and Aug. 1.

However, BONE is still up by 6.7% over the past 30 days, trading at $1.35 at the time of writing. The asset registered a local high of $1.79 on Aug. 5 and a local bottom of $1.22 on Aug. 17.

The recent upward moment comes as BONE’s 24-hour trading volume witnesses a 60% surge, reaching roughly $49 million with a total market capitalization of over $308 million.