The head of the renowned Shiba Inu community, referred to as Shytoshi Kusama, has sent out a call-to-action to the global Shiba Inu army. This appeal comes in light of Bone ShibaSwap (BONE) token’s aspiration for a potential listing on the Binance Futures exchange platform. With this new development, Binance, the world’s leading cryptocurrency trading platform, has launched a novel feature named Binance Futures Next that enables users to vote for tokens they wish to see listed on the Binance Futures market.
The Shiba Inu Community Rallies for BONE token
Currently, BONE holds third place in the voting race, garnering 33,462 votes. It trails behind BabyDoge (BABYDOGE) with a lead of 3,592 votes but remains ahead of Milady (LADYS) with a margin of 10,653 votes. In his message to the Shiba Inu community, Shytoshi Kusama emphasized the significance of mobilizing support, particularly from those in regions where access to Binance and the voting platform is restricted. A united front from the community could significantly boost BONE’s chances of securing a highly coveted listing on Binance Futures, thereby increasing its market potential.
The announcement of BONE’s possible appearance on the Binance Futures exchange has already sparked a significant response. Last Friday, the token experienced a noteworthy surge of over 23%, reflecting the excitement and anticipation within the Shiba Inu community about the token’s prospects on the Binance platform. Such events demonstrate the community’s commitment and underline the influence that major exchanges wield over the cryptocurrency market.
Whale Activity and Market Dynamics
Parallel to the excitement surrounding BONE, recent market analysis from the @spotonchain analytics platform has unveiled intriguing whale activity within the Shiba Inu ecosystem. A prominent whale holding a substantial quantity of Shiba Inu coins, equivalent to 1.24 trillion with a value of $45.1 million, has taken decisive actions in the market.
The whale transferred a considerable portion of another meme cryptocurrency, FLOKI, worth 200.9 billion and valued at $50.3 million, to the Gate.io exchange. This move suggests a potential intention to sell, enabling the whale to potentially reap substantial profits if executed.
Overall Market Performance
Amid these advancements, the wider cryptocurrency market has undergone noteworthy fluctuations. In the recent wave, Shiba Inu recorded an impressive surge of nearly 48%, lifting its value from $0.00002563 to $0.00003784. However, this bullish trend was followed by a slight decline of 7.25%, resulting in shib’s current price of $0.00003534.
The volatile nature of the cryptocurrency market is characterized by these ups and downs, influenced by various factors such as investor sentiment, behavior, and external catalysts.
