Shiba Inu Surge: BONE Token Rally Sparks Binance Futures Competition

The cryptocurrency community is abuzz as Shytoshi Kusama, the pseudonymous figurehead of the Shiba Inu project, has made a pivotal appeal to the SHIB army. Kusama’s call to action encourages the community to vote for the Bone ShibaSwap (BONE) token, which is vying for a spot on the esteemed Binance Futures platform.

In a recent development, Binance, the globe’s premier cryptocurrency exchange, unveiled ‘Binance Futures Next,’ a democratic feature that empowers the community to select tokens for listing on its Futures market. Amidst stiff competition, BONE has secured the third rank with 33,462 votes, trailing behind BabyDoge and surpassing Milady meme coin in the tally.

Image via Binance

Kusama reiterated the importance of the participation of the SHIB army, especially since not all global users have voting privileges on Binance. The rallying cry comes at a crucial time when BONE’s potential listing has already sparked a 23% surge in value.

Shiba Inu Whale’s Strategic Moves

The narrative turns intriguing with the revelation of a crypto whale’s strategic maneuvers. This savvy investor, possessing a staggering 1.24 trillion SHIB tokens valued at $45.1 million, has shifted a colossal 200.9 billion FLOKI tokens to the exchange, presumably for sale. This move could net the whale a 731% profit, amounting to $44.3 million, on an investment held for under two months.

Despite this potential liquidation, the whale maintains a diverse portfolio, including 11.4 million BIGTIME tokens, with an unrealized profit of $34.5 million. Meanwhile, the Shiba Inu token has witnessed a rollercoaster week, with a near 48% ascent followed by a 7.25% dip, stabilizing at $0.00003534 at the time of reporting.

However, the SHIB community watches with bated breath as these developments unfold, showcasing the cryptocurrency market’s dynamic and often unpredictable nature. Also, Kusama’s leadership and the SHIB army’s response could dictate BONE’s fate on the Binance Futures platform.

Related Reading | Shib Surge: Trillion SHIB Transfer Sparks Crypto Mystery

Furthermore, the author’s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risks.

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