An Ethereum whale has accumulated over 1.7 million $BONE tokens over the past five days ahead of a potential Shibarium airdrop, making waves in the Shiba Inu ecosystem.
Javier Olmedo, a member of the Shiba Inu community, flagged the activity in a recent post on X, noting that a new wallet has been purchasing BONE almost daily.
“Does he know something we don’t?” Olmedo asked, highlighting that the wallet’s holdings have surpassed $500,000 worth of $BONE.
Whale Wallet Purchases $BONE Daily
Blockchain data from Etherscan confirms the wallet’s first activity on April 27, starting with a modest 0.2 ETH deposit.
But just two days later, on April 29 at 08:43 p.m. UTC, the whale made its first major BONE purchase—1.64 million tokens worth nearly $500,000.
Since then, the address has executed similar purchases at nearly the same time each evening, likely signaling the use of an automated bot.
The wallet has now accumulated 1,764,519 $BONE tokens across six transactions totaling approximately $532,000.
The timing and precision of these buys suggest a calculated strategy, possibly tied to the upcoming Shibarium airdrop.
Adding to the intrigue, K9 Finance DAO — the official liquid staking protocol on Shibarium — tweeted on May 2 that users could earn “serious XP” based on their on-chain history in an upcoming airdrop.
The message has fueled further speculation that smart money is positioning itself early.