Since its launch in 2021, the BONE token has enjoyed a lot of support from the core Shiba Inu community. The token, which was initially released as the native token for the ShibaSwap decentralized exchange), has since expanded its use case as the native utility token for the SHIB Layer 2 blockchain Shibarium. Following the success of the coin so far, SHIB’s marketing lead, Lucie, has taken to X (formerly Twitter) to propose a potential new listing.
Getting Robinhood To List BONE
Shiba Inu marketing team lead Lucie has suggested that crypto and stock trading platform Robinhood list the BONE token. Tagging the official Robinhood X (formerly Twitter) account in the post, Lucie pitched the token, telling the trading platform that it is the token that powers Shibarium, an Ethereum Layer 2 blockchain. Lucie closed out the post by asking Robinhood to “Kindly consider listing $BONE.”
💥 $BONE 💥
Kindly consider listing $BONE. 🙌🏻
— 𝐋𝐔𝐂𝐈𝐄 | ✨Shib.io✨ (@LucieSHIB) November 9, 2023
As expected, the call from the SHIB marketing lead for Robinhood to list the token has already garnered support. Community members took to the comment section to make their support for the proposal known to Robinhood, with some tagging the trading platform and one user in particular asking “Wen BONE.”
This is not the first time that the SHIB community has actually rallied to lobby the trading platform to list a token. Back in 2021, the SHIB community began a petition for Robinhood to list SHIB and the petition garnered over 300,000 signatures. Eventually, after a year, the trading platform would give in and list SHIB for trading.
Then in 2023, the first calls for Binance to list BONE made their way to social media. The community went the way of the petition once more early this year and made a petition asking the largest crypto exchange in the world to list the token. This petition has not been as successful with only a little over 2,000 votes gathered so far.
What Happens With A Robinhood?
The listing of BONE on a platform such as Robinhood is important for projects due to the exposure that such listings bring. With over 10 million users worldwide, it would be presented to more potential investors, and rising interest translates to rising liquidity and prices.
However, it is not always the case that a token soars right after listing on a platform like Robinhood. For example, when the trading platform listed Shiba Inu in April 2022, the price did not recover. Instead, it continued to plunge, and the news had little to no effect on the price trajectory.
Nevertheless, a listing on Robinhood could present the token as a more ’serious’ investment. For now, the token is only trading on decentralized exchanges such as Uniswap, and centralized exchanges including Gate, Polniex, Crypto.com, Bitget, and OKX, among others.
Token price sitting at $0.74 | Source: BONEUSDT on Tradingview.com
Featured image from BSC News, chart from Tradingview.com