Among ETH Whales, this Shiba Token becomes the most traded token.

Following its brief dip below the crucial $1 trillion 

market cap, the global cryptocurrency market made a small recovery. 

While other tokens traded at somewhat lower prices, the trading volume for the Bone Shiba Swap (BONE) shot up by more than 270%.

Flips aWETH: Bone Shiba Swap

The Shiba Swap made Aave Wrapped Ethereum (aWETH) the most traded token among the top 100 ETH whale wallets, according to the whaleStats. AWETH, however, fell to eighth place.

According to the data, the BONE token is also in the top 10 tokens bought by the biggest whales. But during the past 24 hours, the top 100 whales have used it more than any other smart contract. Over the past 24 hours, the price of Bone Shiba Swap has increased by more than 80%. But in the last week, it has managed to increase by about 160%.

At the time of publication, Bone Shiba Swap was selling for an average price of $2.02. The BONE was able to ride high despite the latest collapse thanks of ETH whales. It is currently trading 90% below its all-time high of $41.6. The trade volume for the 24 hour period increased by 270% to $65.5 million.

Why is BONE increasing?

However, rumours concerning the token's placement on another cryptocurrency exchange may be the cause of the token's price increase. The Gate started a voting process so that users may choose the listing. BlueBit indicated that they will begin trading the cryptocurrency on their platform in the meantime.

The stETH is remains the largest token held by the top 100 Ethereum whales as we dive deeper. Shiba Inu, however, is in second place. Whale wallets currently have $281 million worth of stETH and $151 million worth of SHIB tokens in their possession.

At the time of publication, Shiba Inu, the second-largest meme coin, was trading at an average price of $0.000012. The price of Shiba Inus has risen just 1.65% in the last day.

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