OKX, the fourth largest crypto currency exchange around the globe, has shocked the SHIB Army with an immediate delisting of Shiba Inuโs BONE. Notably, the alternative SHIB token serves as the gas fee currency on Shibarium Layer-2 network and significantly contributes towards reducing the main tokenโs supply.
Shiba Inuโs BONE Unwelcome On OKX
On their June 30, 2025 official announcement, OKX representatives touted to be delisting 12 altcoin pairs, which includes BONE/USDT. Effective on July 7, 2025 at 8AM, this move was found unfair by SHIB Army members, despite OKXโs team claiming to assess the tokens while taking user feedback into consideration.
Whether the delisting is uncalled for or not, OKX customers wonโt be able to make any Bone ShibaSwap (BONE) deposits immediately, while the withdrawal window is left open until September 30, 2025 8AM UTC. Naturally, this had crunched Shiba Inu Boneโs (BONE) price, dipping from $0.24 to $0.19 in minutes.
OKX Still Holds Over 220K BONE: Why?
Most of Shiba Inuโs BONE trading goes on on Shiba Inuโs ShibaSwap decentralized exchange (DEX). In contrast to the vast supply of Shiba Inuโs main token SHIB at 999T initially, BONE is capped at 250,000,000. Interestingly, OKX still holds over 220K of that token pile, despite claiming to delist the token.
If sold, this enormous OKX Bone ShibaSwap (BONE) vault could add selling pressure as the altcoin attempts to rebound. Trading at just above $0.20, BONEโs price inked a 11.6% upswing over the past 24 hours, says CoinGecko. On the other hand, resilience to this potential selling move highly depends on the usage of Shibarium & garnered fees.
On The Flipside
- Shibariumโs gas fee token is still available on a handful of other major exchanges, including Bitget, Gate, HTX & Crypto.Com.
Why This Matters
Major exchanges tend to support tokens behind strong communities, even though crypto currencies with longevity are usually driven by decentralized finance (DeFi) demand.
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People Also Ask:
BONE is a key token powering Shiba Inuโs Shibarium blockchain and ShibaSwap DEX. Itโs the fuel for the SHIB Armyโs DeFi dreams!
OKX delisted BONE on July 7, 2025, to streamline liquidity, causing a 12% price drop. Itโs still tradable on platforms like Crypto.com.
The delisting might push users to Shibariumโs DeFi, boosting BONEโs utility. Itโs a dip that could spark long-term gains!
Crypto appreciates HODLers โBONEโs backed by 95,000+ holders and Shibariumโs growth. HODL tight and watch for updates!
Shiba Inuโs team teases AI-driven โJul-AIโ projects to power Shibarium. BONE could rebound as the ecosystem grows!
