A New Blockchain Address Has Been Accumulating BONE Tokens Daily Over the Past Five Days

Javier Olmedo, a top Shiba Inu community member, has called attention to a new blockchain address that has been accumulating BONE tokens daily over the past five days.

Taking to X, formerly Twitter, on Thursday, Olmedo pointed out that the same wallet keeps acquiring the Shibarium gas fee token almost every day. This consistent accumulation signals a deliberate acquisition, with Olmedo suggesting that the wallet’s owner could be anticipating an upcoming event. “Does he know something we don’t?” Olmedo quizzed.

At the time of the post, the Shiba Inu community member revealed that the new blockchain address contains over $500,000 worth of BONE.

On-Chain Data Confirms Steady Accumulation

Data from Etherscan also confirms that the new wallet recorded its first transaction on April 27, when it received 0.2 ETH. However, it made its first BONE purchase two days later, on April 29 at 08:43 p.m. (UTC). The unknown user purchased 1,644,001 (1.64 million) BONE in that transaction, currently worth $498,387.

The address acquired another 11,434 BONE tokens the following day. Since then, the wallet has been accumulating 109,083 BONE daily. Its latest acquisition, 31,171 BONE, occurred yesterday.

Overall, the wallet accumulated 1,764,519 (1.76 million) Bone ShibaSwap tokens valued at $532,177 in six transactions over five days.

Bot Purchase?

One interesting observation about the accumulation is that it happened almost at the same time each day. According to the blockchain data, the transactions, especially those related to BONE, usually occur between 08:42 p.m. and 08:43 p.m. (UTC) daily.

The timing pattern suggests that a bot executed these BONE purchases on behalf of the wallet’s owner. Meanwhile, the blockchain address holds 34 crypto assets worth approximately $29.38 million. BONE is the tenth biggest token in the portfolio by dollar value.

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