Bone

Bone ShibaSwap

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 <p class="is-style-lead">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.&nbsp;</p> 
 <p>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 <a rel="noopener noreferrer nofollow" title="whales" href="https://thebittimes.com/tag/whales.html">whales</a> have been making accumulation moves.</p> 
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  <img decoding="async" width="3840" height="1300" src="https://crypto.news/app/uploads/2023/08/Bone-ShibaSwap-BONE-12.25.35-17-Aug-2023.png" alt="BONE price, whale activity, active addresses, and exchange outflow - Aug. 17 | Source: Santiment" class="wp-image-14186155"> 
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    BONE price, whale activity, active addresses, and exchange outflow – Aug. 17 | Source: Santiment 
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 <p>According to data provided by the market intelligence platform Santiment, <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> 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.</p> 
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 <p>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.</p> 
 <p>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.</p> 
 <p>The asset started the month with 25% weekly gains as active addresses surged by around 150% between July 24 and Aug. 1.</p> 
 <p>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.</p> 
 <p>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.&nbsp;</p> 
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BONE whales accumulate despite price downturn

TheBitTimes

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