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Shiba Inu leader urges community to support BONE token for Binance listing

TL;DR

  • Shytoshi Kusama urges the Shiba Inu community to vote for BONE on Binance Futures, lifting the token’s worth.
  • Whale hints at selling FLOKI for hefty profit amid ups and downs in Shiba Inu and the crypto market.
  • Shiba Inu sees a rise and dip this week, showcasing typical cryptocurrency market swings driven by diverse factors.

The leader of the Shiba Inu community, known as Shytoshi Kusama, has issued a rallying call to the global Shiba Inu army, urging them to throw their support behind the Bone ShibaSwap (BONE) token in its bid for a potential listing on the Binance Futures platform. 

This move comes as Binance, the world’s largest cryptocurrency exchange, introduces a new voting feature called Binance Futures Next, allowing users to vote for tokens they want to see listed on the Binance Futures market.

Community mobilization for BONE token

Currently, BONE stands in third place among the listed tokens, with 33,462 votes. In the race for listing, it trails behind BabyDoge (BABYDOGE) with 37,054 votes but maintains a lead over Milady (LADYS) with 23,709 votes. Shytoshi Kusama, addressing the Shiba Inu community, emphasized the importance of mobilizing support, particularly from those in regions where access to Binance and the voting platform is limited. The community’s concerted effort could propel BONE to the top spot, increasing its chances of securing a coveted listing on Binance Futures.

The news of BONE’s potential listing on Binance Futures has already significantly impacted its value. On Friday, the token experienced a surge of over 23% in response to the announcement. This surge underscores the enthusiasm and anticipation within the Shiba Inu community regarding the token’s prospects on the Binance platform. Such developments reflect the community’s dedication and highlight major exchanges’ influence on cryptocurrency markets.

Whale activity and market dynamics

In parallel to the excitement surrounding BONE, recent data from the @spotonchain analytics platform has shed light on notable whale activity within the Shiba Inu ecosystem. A prominent whale holding a substantial amount of Shiba Inu coins, totaling 1.24 trillion and valued at $45.1 million, has made significant moves in the market. 

The whale has deposited a substantial quantity of another meme cryptocurrency, FLOKI, onto the Gate.io exchange, totaling 200.9 billion and valued at $50.3 million. This action suggests a potential intention to sell, with the whale poised to realize significant profits if executed.

Overall market performance

Amidst these developments, the broader cryptocurrency market has witnessed notable fluctuations. This week, Shiba Inu recorded a remarkable surge of almost 48%, propelling its value from $0.00002563 to $0.00003784. 

However, this bullish momentum was followed by a modest decline of 7.25%, bringing SHIB’s price to $0.00003534 at the time of writing. Such volatility is characteristic of the cryptocurrency market and is influenced by many factors, including market sentiment, investor behavior, and external catalysts.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Benson Mawira

Benson is a blockchain reporter who has delved into industry news, on-chain analysis, non-fungible tokens (NFTs), Artificial Intelligence (AI), etc.His area of expertise is the cryptocurrency markets, fundamental and technical analysis.With his insightful coverage of everything in Financial Technologies, Benson has garnered a global readership.

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