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Shiba Inu-Themed Meme Coin Tanks After OKX Says Goodbye: Details
The price of Bone ShibaSwap (BONE) has plummeted by a staggering 32% on a monthly scale and dropped 12% in the past day, following OKX’s announcement to delist the meme coin.
OKX, a well-established cryptocurrency exchange with over 50 million users globally, revealed that it would be suspending deposits for BONE and terminating withdrawals by the end of September. This move has sparked a significant sell-off, further pressuring the asset.
BONE is an integral part of the Shiba Inu ecosystem, serving as a gas token for Shibarium, a decentralized exchange. Its early days saw its price skyrocket above $15, but it currently trades at just $0.18.
As the news spread, community member LUCIE took to social media to express their concerns and offer words of encouragement. As a marketing strategist for Shibarium, they urged users not to panic and instead focus on decentralized finance (DeFi) alternatives. They emphasize that it is essential to use reliable exchanges only for transactions and trust in the potential of DeFi.
LUCIE also highlighted the importance of learning from past instances where certain tokens have faced similar backlash but continued to recover over time, citing XRP as an example.
Source: cryptopotato.com
