BONE Network Heats Up: 93K Holders After Massive Weekly Surge

Wallets holding at least 1 million BONE quietly grew their positions by over 4% in April — a detail that might say more about where this token is headed than any single-week spike in new addresses.

Validator Activity Drives Holder Surge

BONE, the gas token powering Shiba Inu’s Layer-2 blockchain Shibarium, crossed 93,000 holder addresses this week after adding 5,653 new wallets in seven days. That weekly growth rate hit 87%, a sharp jump from the prior week.

According to the Shibizens X account, operated by the Shibarium team, most of that growth traces back to validator re-delegations on the network rather than a wave of new retail buyers. Etherscan data confirmed the total at 93,010 at the time of reporting.

$BONE holder count has surpassed 93,000 addresses. 🦴

+5,653 new holders in the last 7 days
→ ~87% increase vs the previous week

Key drivers:
• Validator re-delegations on Shibarium

Observed trends:
• Tokens moving off exchanges into non-custodial wallets
• Increased… pic.twitter.com/svq50JlfYP

— Shibarium | SHIB.IO (@Shibizens) April 23, 2026

On-chain data also shows BONE tokens moving away from centralized exchanges and into non-custodial wallets. Reports from Shibizens indicate transaction activity is climbing alongside an expanding active user base — trends that typically point to reduced short-term selling pressure and growing user confidence in the network.

Big Wallets Holding Long, Holding More

The 4.2% position increase among large holders in April has pushed their collective share to almost 60% of total supply. These top wallets aren’t new to the token. Based on reports from Shibizens, their average holding period sits around 412 days — well over a year — suggesting major participants are focused on Shibarium’s longer-term trajectory rather than reacting to short-term price swings.