Altcoin

Shiba Inu Exec Explains Why BONE Isn’t Listed on Binance & Bybit Yet

Published

6 months ago

September 16, 2024

Coin2049 Newsletter

Shiba Inu marketing lead Lucie has recently shed light on why Bone ShibaSwap (BONE) token is not yet listed on major crypto exchanges despite being a prominent player within the SHIB ecosystem. The marketing lead on Monday revealed that the SHIB community never pushed for any listings financially, while other projects continued to do so.

Lucie’s statements have promptly gained significant traction globally, raising investor concerns as the ShibaSwap governance token’s price currently trades near an all-time low.

Shiba Inu’s Lucie Rationalizes BONE Not Being Listed On Major Exchanges

In an X post dated September 16, the marketing lead cleared the waters around ShibaSwap’s governance token not being listed on major exchanges including Binance and Bybit. Per the marketing lead’s statement, “exchanges, even those with a strong track record, are shifting focus from supporting promising tokens to prioritizing profits.” This shift of focus is largely credited to the lack of liquidity and fierce competition, driving exchanges’ capitalizing behavior.

“As a result, they’re overlooking some great potential tokens,” Lucie added. Further, when asked about the bizarre scenario wherein the ShibaSwap token has not been listed on major exchanges yet, Lucie said- “Because they’re paid listings. Shib has never paid for listings.”

Nevertheless, users on X gauged in, stressing that it might be time to list the token as it sits near its ATL at present. However, Lucie added, “let’s stay calm and focus on organic growth instead of wasting money on paid listings.”

This statement hints that the dog-themed meme coin’s community doesn’t plan on financially supporting ShibaSwap token’s listings on major exchanges. “Real growth should come from solid performance and volume,” Lucie concluded.

Besides, a recent statement by He Yi, co-founder of Binance, revealed that the CEX is already not looking to guide the trend towards Meme coin frenzy. Conversely, He Yi drew attention to the current trends, such as Telegram P2E games, among other emerging projects.

However, CoinGape Media reported earlier this year that Bone got listed on an Indonesian crypto exchange. This listing brings additional intrigue to the Shiba Inu exec’s statement.

ShibaSwap Token’s Market Performance

Meanwhile, BONE price traded at $0.3894 today, falling nearly 4% in the past 24 hours. The token’s intraday low and high were recorded as $0.386 and $0.4071, respectively.

The coin’s weekly chart illustrated a 1.66% downfall, whereas the annual chart illustrated a 50% plunge in value. Moreover, the coin’s all-time low was recorded as $0.2899. The ShibaSwap coin currently trades 34% above it. Simultaneously, the waning movement rationalizes investors’ concerns despite Shiba Inu executive staying optimistic.

Meanwhile, it’s also worth noting that Shiba Inu price traded at $0.00001327, a nearly 3% dip over the past day. The coin’s 24-hour low and high were $0.00001309 and $0.00001386, respectively.

It’s noteworthy that the meme coin’s marketing lead also recently rolled out plans to enhance SHIB burn. Altogether, Lucie’s remarks have sparked significant discussions for the meme token across the global crypto community.