Shiba Inu’s BONE token has come to light as a result of unusual action in the cryptocurrency market today. Approximately 259,000 BONE tokens, or $209,000 at the current token price, were acquired by an unknown investor who had been inactive for more than a year, according to statistics from the Etherscan explorer.
The fact that the investor returned to the crypto world after a protracted hiatus and made a sizeable investment makes this transaction extremely notable. Surprisingly, this enigmatic wallet holder is not only interested in BONE. Their cryptocurrency holdings include a wide variety of tokens from the meme industry, which are worth around $100,000 in total. The mystery surrounding their intentions is further heightened by this varied collection of digital items.
What’s behind move?
Notably, this investor has not restricted their endeavours to the Ethereum network alone. They can be found on the BNB Chain, where they have $12,000 worth of Binance Coin (BNB), according to data from the BscScan explorer.
Uncertainty surrounds the reasons for this whale’s recent development of interest in BONE. According to U.Today, one of the versions may be related to recent developments disclosed by the Shiba Inu team. It is anticipated that the Shiba Inu token, BONE, would see major changes in its minting procedure, which might lead to the renunciation of the token’s contract.
Will this $250,000 investment lead to a spike in the price of BONE, or could it be a sign of even bigger things to come for the Shiba Inu ecosystem? The mysteries this hibernating whale is hiding will only come to light with time.
