Shiba Inu’s marketing lead, Lucie, has drawn attention to the upcoming listing of Bone ShibaSwap (BONE) on Weex, a leading crypto futures exchange. This development has sparked significant enthusiasm within the Shiba Inu community and highlights potential impacts on BONE’s market dynamics.
BONE Futures Listing on Weex Exchange
K9 Finance founder Buzz announced via social media platform X:
"Proud to announce that $BONE will be listed on Weex on July 31. K9 Finance has partnered with #WEEX to support SHIB projects and Shibarium. #SHIBARMY, show your support for this organic listing."
This collaboration marks a pivotal moment for the Shiba Inu ecosystem, enhancing BONE’s liquidity and adoption. The partnership may also pave the way for future listings of other Shiba Inu ecosystem tokens on Weex.
Current Market Performance of BONE
Despite the excitement, BONE’s price remained relatively stable over the past 24 hours, with a modest 1.09% increase to $0.4943. The weekly decline suggests a "sell-the-news" reaction following Shibarium’s mainnet launch, as traders secured profits. However, the token nearly reached $0.50, peaking at $0.4993 after an 11% weekly drop, indicating a potential trend reversal.
Key Takeaways:
- Weex listing expected to boost BONE’s liquidity and price.
- Short-term volatility reflects typical market behavior post-major announcements.
- Community optimism remains high for long-term growth.
Potential Binance Listing for BONE
BONE currently ranks 9th on Binance Futures Next, with 14,671 picks by 645 users. This growing interest fuels speculation about a possible Binance listing, especially after Shiba Inu developers decentralized the token by reallocating locked BONE to validator rewards.
Important Note:
While Binance Futures NEXT allows users to predict potential listings, rankings don’t guarantee approval. Binance conducts rigorous evaluations before any official listing.
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FAQ Section
What is the significance of BONE’s Weex listing?
The Weex listing enhances BONE’s liquidity and visibility, potentially driving price appreciation and broader adoption within the Shiba Inu ecosystem.
Why did BONE’s price drop after Shibarium’s launch?
The decline reflects a "sell-the-news" scenario, where traders locked in profits post-launch—a common strategy in volatile crypto markets.
How likely is a Binance listing for BONE?
While community interest is high, Binance’s listing decisions depend on comprehensive reviews. Current rankings on Binance Futures NEXT indicate strong demand but aren’t definitive.
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Disclaimer: This content reflects market conditions and the author’s analysis. Conduct independent research before investing. Cryptocurrency investments carry risks, and neither the author nor the publisher is liable for financial losses.