Insight From Shiba Inu Marketing Lead: Why BONE Isn’t Available on Binance and Bybit Yet
Shiba Inu’s marketing lead, Lucie, recently explained why the Bone ShibaSwap (BONE) token has not been listed on major crypto exchanges and the impact on its market performance. Lucie emphasized that the SHIB community has not prioritized financial pushes for listings, in contrast to other projects. The lack of financial support for exchange listings has resulted in the token trading near its all-time low.
Lucie Stance BONE
Lucie pointed out that many exchanges are prioritizing profits over supporting promising tokens due to the lack of liquidity and intense competition in the market. This shift in focus has led to exchanges overlooking potentially valuable tokens like ShibaSwap. Additionally, she mentioned that ShibaSwap has not pursued paid listings on major exchanges, preferring to focus on organic growth.
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Despite concerns from some users about the token’s low market performance, Lucie emphasized the importance of organic growth and solid performance over wasting money on paid listings. She also highlighted that the community’s stance is to prioritize real growth driven by performance and volume rather than paid-for exposure on major exchanges.
In addition, it was revealed that the BONE token was listed on an Indonesian crypto exchange earlier, adding an extra layer to Lucie’s statement. The token’s market performance has seen a 4% decrease in value over the past 24 hours, with a weekly decline of 1.66% and an annual drop of 50%. Despite trading 34% above its all-time low, the token’s performance has raised investor concerns.
Price Action and Performance
Furthermore, it is worth noting that the Shiba Inu price experienced a nearly 3% drop over the past day, with a 24-hour low and high of $0.00001309 and $0.00001386 respectively. Additionally, Lucie recently announced plans to enhance SHIB burn, sparking significant discussions within the global crypto community.
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