- Shiba Inu’s Lucie has elaborated on why the Bone ShibaSwap (BONE) token hasn’t made it to major crypto exchanges.
- Lucie emphasized that the community hasn’t pushed financially for these listings, unlike other projects.
- This revelation comes as BONE’s market performance raises concerns among investors, especially with its price hitting near all-time lows.
Shiba Inu’s Lucie explains the absence of BONE listings on major exchanges despite its prominence in the SHIB ecosystem. Discover the reasons behind this and its impact on BONE’s market performance.
Shiba Inu’s BONE Token Not Yet Listed on Major Exchanges
In a recent disclosure, Shiba Inu marketing lead Lucie shared insights into why the Bone ShibaSwap (BONE) token hasn’t been listed on leading crypto exchanges like Binance and Bybit. Lucie attributed this to the SHIB community’s decision not to financially push for these listings, setting them apart from other projects. This candid revelation stirred discussions among investors, particularly given that BONE is trading near its all-time lows.
Changing Priorities in Crypto Exchange Listings
Lucie’s explanation, shared through an X post on September 16, highlighted a significant shift in the priorities of major exchanges. She mentioned that exchanges are now more focused on profit rather than supporting promising tokens. The changes are driven by limited liquidity and intense market competition, which compel exchanges to prioritize investments with guaranteed returns. Lucie noted, “Exchanges are overlooking potential tokens due to this shift in focus.”
Addressing speculation about why BONE hasn’t been listed yet, Lucie clarified, “Listings are paid. Shib has never paid for them.” This further exemplifies the community’s preference for organic growth over financial expenditures to secure listings.
Community’s Stance and Market Reactions
The SHIB community’s position on paid listings was well received and discussed. Lucie urged the community to remain calm and aim for organic growth rather than spending on paid listings. She insisted, “Real growth should come from solid performance and volume.” This stance underscores a belief in the token’s intrinsic value and performance as key drivers of its long-term success.
In contrast, He Yi, co-founder of Binance, mentioned that the exchange is steering clear of fueling the meme coin frenzy, hinting at a diversified focus on emerging trends like Telegram P2E games. CoinOtag Media also reported earlier this year that Bone was listed on an Indonesian crypto exchange, adding an interesting layer to the narrative concerning its listing strategy.
BONE’s Market Performance Amid Listing Concerns
Currently trading at $0.3894, the BONE token has seen a 4% decline over the past 24 hours, with intraday lows and highs recorded at $0.386 and $0.4071, respectively. The weekly chart reflects a 1.66% drop, while the annual chart shows a drastic 50% decrease in value. Despite being 34% above its all-time low of $0.2899, the token’s price movement is worrisome for investors.
Similarly, the Shiba Inu token traded at $0.00001327, dipping nearly 3% over the past day. The token’s price movement, along with concerns about BONE, has led to increased discussions within the global crypto community. Lucie also recently detailed plans for SHIB burn enhancements, which aim to positively impact the ecosystem.
Conclusion
Lucie’s insights have offered a clear view of the BONE token’s listing strategy and the associated market impacts. The focus on organic growth and a refusal to succumb to financially driven listings position the SHIB community uniquely in the crypto space. Despite the challenges, the emphasis on performance and volume reflects a strategic approach aimed at sustainable growth, showing the potential for BONE to rise above current market difficulties.
