The Rise of MEXC Exchange as the Largest Holder of Shiba Inu’s BONE Token
In a remarkable development, Singapore-based MEXC exchange has emerged as the third largest holder of Shiba Inu’s BONE token. With over 12 million BONE tokens, valued at nearly $13 million, MEXC has become the leading single wallet holder of this token.
Verified Analysis Supports MEXC’s Claim
Tech Fusion, a crypto enthusiast, has conducted an analysis that confirms MEXC’s position as the largest single wallet holder. The two addresses ahead of MEXC are verified smart contracts, further reinforcing MEXC’s claim.
Influx of BONE Tokens to MEXC
Recent data from Etherscan reveals a significant increase in BONE inflows to MEXC between August 20 and 24. In over 75 transactions during this period, MEXC received almost 500,000 BONE tokens.
MEXC’s Trading Volume and Ranking
Despite holding a substantial amount of BONE tokens, MEXC currently ranks eighth in BONE trading volume among centralized exchanges. However, in terms of 24-hour trading volume, MEXC stands third with $365,561 worth of BONE traded. Biconomy and Huobi exchanges lead the trading volume with $754,477 and $711,362, respectively.
BONE in MEXC’s Wallets
BONE is among the top ten cryptocurrencies held by MEXC. According to CoinGecko data, MEXC’s BONE holdings are worth $12,618,521, nearly three times higher than its Shiba Inu holdings.
Hot Take:
MEXC’s ascent as the largest holder of Shiba Inu’s BONE token showcases the exchange’s growing prominence in the crypto space. With significant holdings and a strong trading volume, MEXC is positioning itself as a key player in the world of cryptocurrencies.
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