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Lucie, the marketing leader of Shiba Inu, made important remarks regarding the absence of ShibaSwap’s governance token, BONE, from major cryptocurrency exchanges. She stated that the SHIB community does not exert financial pressure for listings, unlike other projects.
Reasons for BONE’s Absence on Major Exchanges
In a post on X dated September 16, Lucie detailed why BONE is not featured on prominent exchanges like Binance and Bybit. According to her, “Exchanges are focusing on profit rather than supporting promising tokens.” A lack of liquidity and intense competition are cited as primary reasons for this stance.
Lucie expressed that this situation leads to many potential tokens being overlooked. When asked about BONE’s lack of listings, she replied, “Because these are paid listings. Shib has never paid for listings.”
Emphasis on Focusing on Organic Growth
Some users suggested that it is time for the token to be listed, given its current low value. However, Lucie implied the community is not in favor of financial support, stating, “Let’s stay calm and focus on organic growth instead of spending money on paid listings.”
Lucie: “Real growth should come from solid performance and volume.”
These statements indicate that no financial support will be provided for BONE’s listing on major exchanges. Although Lucie’s comments have sparked significant discussions within the global crypto community, if the community adopts this stance, Binance may ultimately be incentivized to list BONE due to its trading volume. Last year, PEPE and FLOKI Coin were listed on exchanges simply by generating interest in a low-volume environment.
BONE is currently trading at $0.3894, with a 4% decline. The token recorded a low of $0.386 and a high of $0.4071 during the day. The token has seen a 1.66% drop on the weekly chart and lost 50% of its value on an annual basis, trading just 34% above its all-time low of $0.2899.
Simultaneously, Shiba Inu’s value dropped 3% in the past 24 hours, reaching $0.00001327. The coin’s lowest and highest values during this period were recorded at $0.00001309 and $0.00001386, respectively.
It is also worth noting that Lucie recently announced plans to increase SHIB burns. Overall, while her remarks have sparked differing opinions within the community regarding the meme token, the addressing of questions and issues is seen positively.
The Shiba Inu community’s commitment to organic growth and their stance against paid listings stands out as a rare approach in the crypto world. This attitude may positively reflect on the token’s value and reputation in the long run.
