What’s Behind Shiba Inu’s BONE Token Listing by Exchanges?

BONE

Shiba Inu (SHIB) has proven to be more than just a meme coin, as the network has been actively implementing various developments and has more in the pipeline. Within this context, Shiba Inu’s offspring tokens, like BONE and LEASH, have been reaping the benefits of the network’s progress. BONE, in particular, has been generating a lot of attention.

In recent weeks, numerous global exchanges have been listing the BONE token. Just today, an Australian exchange named CoinSpot announced the addition of BONE to its platform via Twitter. CoinSpot also encouraged its followers to retweet the announcement for a chance to win $100 worth of BONE tokens.

Due to the rising demand from the public, the exchange decided to list Shiba Inu’s BONE token. In order to determine the community’s preference for listing BONE or Alchemy Pay (ACH), a poll was conducted on Twitter. The poll received a total of 2,682 participants, with a significant majority of 90.7% voting in favour of listing BONE.

Related Reading: Shiba Inu BONE Token May Soon Be Listed on Australian Crypto Exchange

Additionally, it is worth mentioning that Swyftx, another well-known Australian exchange, recently added BONE to its platform earlier this week.

This Might be the Reason Behind Bone’s Increase in Demand

The ongoing listings of Shiba Inu’s BONE token can be attributed to the upcoming launch of Shibarium, the layer-2 network. BONE is expected to play a role as the gas token for Shibarium. Lucie, a notable member of the Shiba Inu community, connected this trend of continuous listings to the progressive decentralization of the SHIB network.

At the time of writing, BONE has experienced a 2.03% surge in the past 24 hours, with its price reaching $0.6992.

Olasunkanmi Abudu

Olasunkanmi Abudu is a Web3 content writer with over five years of experience covering blockchain, decentralized finance, and digital assets. He specializes in producing well-researched and accessible content that explains complex technologies and market trends to both general readers and industry professionals.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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