While the broader crypto market has been showing some life lately, one token in particular seems to be grabbing an unusual amount of attention. Bone ShibaSwap, or BONE, just had a pretty wild 24 hours. And it wasn’t just the price action that turned heads.
A single, anonymous user decided to go all in, scooping up a staggering $1.3 million worth of BONE in one go. The transaction was spotted and shared on X by a community figure known as SHIBMAXXI, who pointed out the stark contrast between this whale and smaller traders cashing out for minimal gains.
This isn’t just a simple buy-and-hold, though. The move feels… strategic. Perhaps the buyer is betting on a much larger price jump down the line. Some in the community are even whispering about a potential run toward $1, which would represent a massive increase from its current level. That’s a big if, of course, but it shows the kind of optimism swirling around.
Not Your Average Purchase
What makes this trade even more interesting is what happened immediately after. The entire haul of 5.5 million BONE tokens was whisked away to another address in a flash. The speed of it all suggests it was likely an automated bot transaction, not someone manually clicking buttons.
Digging a little deeper, the receiving address appears to be linked directly to a ShibaSwap StakeManager proxy. In simpler terms, that’s a smart contract the platform uses to handle staking and other DeFi functions. So this probably wasn’t just a speculative buy. It looks like the tokens were moved specifically to be staked.
This could mean the investor is looking to become a validator within the Shiba Inu ecosystem. It’s a move that implies a longer-term commitment and a vote of confidence in the network’s mechanics, not just a quick flip.
A Surge in Momentum
All this happened against a backdrop of absolutely parabolic price action for BONE. In the last day, it’s shot up over 40%. The rally actually started even earlier. Just on Friday, it skyrocketed from an opening price around $0.165 to a high of $0.34—a 106% gain in a single day. It’s pulled back from that peak since, but the momentum is still clearly there.
What’s notable is that BONE is dramatically outperforming its siblings in the Shiba Inu family. While BONE was melting faces, SHIB only managed a modest 5.5% climb, and LEASH actually dipped slightly. It’s standing alone in the spotlight.
Naturally, this has gotten the community pretty excited. The chatter is overwhelmingly bullish. There’s also talk from the Shiba Inu team itself about a potential future where a SHIB ETF exists, and how that could specifically benefit BONE as the ecosystem’s governance token. It’s a lot of speculation, but for now, it’s certainly fueling the fire.
