In a surprising on-chain move, 4.57 million BONE tokens were transferred between top holders of Bone ShibaSwap, triggering a major reshuffle in the token’s leaderboard.
This transaction, valued at over $1.31 million, at a price of $0.2877 per BONE, occurred between two unidentified wallets, both ranked among the top 20 BONE holders. The transfer was initiated around 18 hours ago, shifting coins from the 5th largest holder, who previously held 7.98 million BONE, to the 34th-ranked wallet, which had 880,476 BONE prior to the transfer.
As a result of this transfer, the recipient wallet now holds a total of 5.45 million BONE, catapulting 26 positions upward to become the 8th largest BONE holder. Meanwhile, the sender wallet’s holdings dropped to 3.41 million BONE, pushing it down to the 14th position.
This move follows recent activity, as the recipient wallet has been actively accumulating BONE, adding 6.73 million tokens just 15 days ago and another 5.81 million BONE 23 days ago, signaling a clear interest in growing its stake.
On the other hand, the sender wallet also showed signs of an exit strategy, having sold 80,814 BONE just 8 hours before initiating the large transfer.
These shifts come amid a broader pattern of large-holder activity, suggesting possible strategic repositioning or long-term accumulation. Whether this indicates internal whale reshuffling or coordinated accumulation efforts remains to be seen—but it certainly adds fuel to the speculation around BONE’s next big move.