News

Poloniex Lists Top Shiba Inu Ecosystem Token Bone Shibaswap (BONE)

Poloniex announced the listing of Shiba Inu’s ecosystem metaverse token Bone ShibaSwap, despite which the price of the BONE token is falling.
Published by
Poloniex Lists Top Shiba Inu Ecosystem Token Bone Shibaswap (BONE)

Poloniex took to Twitter to announce the addition of Bone ShibaSwap (BONE), listing the timeline for the same. BONE token deposits will open on March 9, 2023 at 10:00 (UTC); and BONE/USDT trading will commence on March 9, 2023 at 11:00 (UTC).

Advertisement

Bone ShibaSwap (BONE) price update

Bone ShibaSwap falls by 6.09% over the past 24 hours despite its listing on a new exchange. Each BONE token is currently trading at 1.70 USD. The market cap has come down to 390 million USD and trading volume has dipped by 65.73%. Source: coinmarketcap

Bone ShibaSwap is a decentralized cryptocurrency exchange built on the Ethereum blockchain. Bone ShibaSwap operates on a peer-to-peer basis, allowing users to trade cryptocurrencies without intermediaries. It uses an automated market maker (AMM) mechanism to determine prices and facilitate trades. The BONE token serves as a governance token for the Shibaswap ecosystem, enabling holders to propose improvements and vote on proposals made by other members of the community.

Advertisement

Shiba Inu price update

The high burn rate led to a shooting up in the price of the meme crypto a few hours back, however, SHIB price is down now. The token has gone down over 2.80% in the last few hours. Each SHIB token is currently trading at 0.00001088 USD. However, the market cap has come down to 5.97 billion USD and trading volume escalates by 20.97%. Source: coinmarketcap

The burn rate of SHIB tokens has skyrocketed by 26462% over the last 24 hours. According to Shytoshi Kusama, the lead developer of Shiba Inu, Shibarium, the Layer-2 blockchain, will be launched this week. As Coingape reported, in anticipation of this highly anticipated release, the developers and social media admins of Shiba Inu have also cautioned the community about the increasing number of scams related to the Shibarium project.

Advertisement

Share
Shourya Jha

Shourya is a fintech enthusiast who mainly reports on Cryptocurrency Prices, Union Budget, CBDC, and FTX collapse. Connect with her at shourya@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Robinhood Lists HYPE As Hyperliquid Flips Aster, Lighter In Perp DEX Volume

Crypto exchange Robinhood has listed Hyperliquid's native token HYPE for its U.S. clients. This comes…

October 23, 2025
  • News

Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow

The U.S. Bureau of Labor Statistics (BLS) will release the Consumer Price Index (CPI) data…

October 23, 2025
  • Bitcoin News
  • News

US President Promises Deal With China on Everything As ‘Trump Insider’ Begins To Close Bitcoin Shorts- Is A BTC Recovery Ahead?

The “Trump insider whale” has begun closing its Bitcoin short positions just as the U.S.…

October 23, 2025
  • News

Just-In: Changpeng “CZ” Zhao Counters Peter Schiff, Says “Tokenizing Gold Is Not On-Chain Gold”

Binance founder Changpeng "CZ" Zhao debunked economist Peter Schiff's views on tokenizing gold. CZ claimed…

October 23, 2025
  • News

$240 Million Hacked Crypto Exchange WazirX Reopens Deposits But Faces Community Backlash

Indian crypto exchange WazirX has taken key steps toward resuming full operations, with INR and…

October 23, 2025
  • News

Expert Flags Pi Network Team as Source of Selling Pressure After Reported 1.2M PI Dump

Pi community expert Mr Spock has claimed that the Pi Network team is behind the…

October 23, 2025