Meme Coin Price Jumps After Critical Listing


Meme Coin Price Jumps After Critical Listing
  • While the rest of the crypto market is in the red, one cryptocurrency has gained over 50 percent after this development.

st. Vincent and the Grenadines’ largest exchange, BlueBit.io, is the management token of the Shiba Inu ecosystem after getting the community’s opinion on the potential listing. Bone ShibaSwap (BONE) is officially available on the platform announced.

Meme Coin Price Jumps After Critical Listing

Backed by the positive news, BONE rose 53 percent to 1.74, outpacing other cryptocurrencies traded in the red, given the current panic selling in the market.

bonnet

BlueBit.io, a multi-asset trading platform that supports cryptocurrencies, hinted that BONE would be listed in an August 25 tweet to Shiba Inu lead developer Shytoshi Kusama:

“A Shiba Inu needs LEASH (leash) and BONE (bone), right? @ShytoshiKusama”

A short conversation then took place between the crypto exchange and the Shib developer, and on the Bluebit listing, “We can make it happen.” made the statement. The stock market seems to have kept its promise.

Shortly after listing Shiba Inu on its platform in early August, the newly launched BlueBit exchange also posted a tweet tagging Shytoshi Kusama, confirming the addition of support for the biggest meme coin, also pointing to the potential listing of BONE.

The exchange throws “Shytoshi Kusama, we have listed Shib on BlueBit.io. Do you want to see BONE on the list too?” Shiba Inu developer tweeted, “YES! It would be great!” had given the answer. So it was clear for a long time that this listing would happen.

Exchanges continue to increase BONE support

As shared on the official SHIB Twitter account, the Singapore-based MEXC exchange, Bone ShibaSwap (BONE) announced a prize pool of 5,555 BONE to eligible users participating in the “Sign Up, Deposit and Trade” event.

After MEXC Global listed BONE in January, the exchange continues to expand its support for the Shiba Inu ecosystem.

Switchere, a leading Estonian exchange, and Canadian-based crypto payment platform FCF Pay are also among the crypto platforms that have listed the entire Shiba Inu trio (SHIB, BONE, and LEASH).

The asset’s popularity continues to grow as the token approaches its limited supply of 230 million. Back in June, the Shiba Inu community voted overwhelmingly to stop all BONE issuance after 230 million tokens were minted. The remaining 20 million tokens will remain on the platform, which is intended to be stored for Shibarium validators, while the maximum BONE token supply will remain at 250 million.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.



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