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Just-In: Registered Crypto Exchange Lists Shiba Inu (SHIB) Ecosystem’s BONE Token

Shiba Inu ecosystem's governance token Bone ShibaSwap token gets listed on a registered crypto exchange. Will BONE token price rebound?
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Just-In: Registered Crypto Exchange Lists Shiba Inu (SHIB) Ecosystem’s BONE Token

Australia and New Zealand registered crypto exchange Swyftx on Monday said it has listed Bone ShibaSwap (BONE) token.

BONE is the Shiba Inu ecosystem’s governance token and gas token for the Shibarium Layer-2 blockchain. Traders didn’t immediately respond to BONE listing news on Swyftx and trading 3% down in the last 24 hours.

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Swyftx Listed Shiba Inu Ecosystem’s BONE Token

Australia-headquartered crypto exchange Swyftx in a tweet on June 12 revealed that it has listed Bone ShibaSwap (BONE) token on the platform. Users can now start trading the Shibarium Layer-2 blockchain’s gas token BONE.

On Friday, Swyftx launched a poll related to its upcoming token listings. In the poll, it asked the community to vote on whether they want Alchemy Pay (ACH) and Bone ShibaSwap (BONE) on the exchange. According to the results, BONE received 90.7% of the votes, while Alchemy Pay gathered only 9.3 percent of the votes.

The Shiba Inu community appreciated the exchange for listing the BONE token as it is expected to gather the same attention as Shiba Inu.

Meanwhile, lead developer Shytoshi Kusama has again paused the official Telegram group of Shibarium amid rising FUD related to the official date of the mainnet release. However, the “pause” has also caused the community to speculate whether the Shibarium release is near.

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SHIB and BONE Price Falls Amid FUD

Shiba Inu tumbled 30% during the market crash on Saturday and recovered 10% due to “buy the dip.” SHIB price fell 2% in the last 24 hours, with the price currently trading at $0.0000066. Furthermore, the trading volume has decreased by 30%, indicating a lack of interest from whales and traders.

According to an analysis published in CoinGape Markets, Shiba Inu bulls need to defend 0.00000572 support in order to prevent further fall in SHIB price.

BONE price currently trades at $0.68, down 3% in the last 24 hours and 11% in a week. The 24-hour low and high are $0.690 and $0.713, respectively.

Also Read: Terra Luna (LUNC) Classic Developer L1TF All Set For v2.1.1 Parity Upgrade

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

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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.
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