Swyftx Adds Bone ShibaSwap (BONE) Token to List of Crypto Offerings
Summary: Swyftx announced on Monday that it would be offering the Bone ShibaSwap (BONE) token, which is established on the Shibarium Layer-2 blockchain and used as both a governance and gas token in the Shiba Inu ecosystem. Despite the listing announcement, BONE's trading volume and price dropped by 2% over the previous 24 hours.
The Australian and New Zealand-based cryptocurrency exchange Swyftx announced on Monday that it would be offering the Bone ShibaSwap (BONE) token.
BONE, a token established on the Shibarium Layer-2 blockchain, is used as both a governance and gas token in the Shiba Inu ecosystem. Despite the listing announcement on Swyftx, BONE’s trading volume dropped by 2% over the previous 24 hours.
BONE Clear Winner in Poll
Swyftx published a poll on its future token offerings on Friday. Alchemy Pay (ACH) and Bone ShibaSwap (BONE) were proposed as new tokens for listing on the exchange. The community was polled on which they preferred. The results indicated that 90.7% of voters picked BONE and just 9.3% picked Alchemy Pay.
Also, in the meanwhile, Shibarium’s chief developer Shytoshi Kusama has temporarily shut down the project’s official Telegram group. Due to mounting speculation over when the mainnet would go live. However, the “pause” has also caused the public to speculate about when the Shibarium would really be made available.
Both SHIB and BONE Price Take a Hit
Furthermore, BONE has dropped in value by 2.17% over the previous 24 hours and 11% over the past week, and is now selling for $0.6837. Following a 30% drop on Saturday’s market turmoil, Shiba Inu recovered 10% on Monday. The 18% decrease in trading volume mirrors the disinterest of whales and traders.
Moreover, four trillion unstaked Shiba Inu tokens were sent to Binance on June 9, according to Blockchain watcher Whale Alert. This SHIB was worth $31.7 million and a mere $1.78 in fees was paid before the price of Shiba Inu plummeted.
Handpicked News: Shiba Inu Tokens Worth $32 Million Moved to Binance
Market participants noted that the transaction boosted the total number of Shiba Inu tokens in circulation by 1%, from 577.9 trillion to 578.9 trillion. Shibburn records show that the total amount of SHIB tokens has dropped to $10.41 trillion due to unstaked tokens.