Shibarium’s BONE Minting Nears Completion, Igniting Listings

$BONE’s smart contract renunciation is just around the corner, according to the latest on-chain records.

Factory worker overlooking the minting of golden bones in a digital environment.
Created by Gabor Kovacs from DailyCoin
  • Shibarium hits over 3 million registered crypto wallets in a month.
  • Gas fee token $BONE takes a hit amid volatile market conditions.
  • $BONE’s renunciation unlocks burning & major listing potential.

Shiba Inu’s self-sufficient Layer-2 blockchain Shibarium has bumped into several hiccups in maintaining Bone ShibaSwap’s (BONE) price. The official Shibarium L2 gas fee token is trading at $0.789195, according to CoinGecko, facing an eye-watering 43.2% deficit in the last 30 days.

The Shiba Inu community, known as the SHIB Army, previously voted to stop all $BONE minting to maintain Shibarium’s gas and governance fee token scarcity. However, in an official blog post a week ago, Shibarium’s developers explained that $BONE had been initially programmed with a TimeLock on the decentralized multi-sig wallet to prevent a hostile takeover.

BONE Renunciation’s Pivotal Role for New Listings

BONE presently resembles the price curve already demonstrated in mid-July when it also fell below the critical support at $0.80. The token then significantly shot up to $1.73 amid the news that Shibarium’s mainnet would drop in August, retracing the bull run and plunging back below $1 on September 7th, 2023.


Following the news, BONE was welcomed to NoahSwap, a popular decentralized exchange. This adds NoahSwap to the list along with Biconomy, Bitget, MEXC, OKX, HTX, Crypto.Com, and several other known crypto exchanges.

Nevertheless, most Shiba Inu fans are still waiting to see Bone ShibaSwap adopted by the biggest players in the crypto game, including Binance and KuCoin. While the SHIB Army on X continues the listing request campaign all year round, neither of the two crypto giants has given a timeline yet for $BONE’s adoption.

On the Flipside

  • Ranked #154, Bone ShibaSwap’s (BONE) technical implications point to a 4:0 ratio between bearish & bullish live on-chain signals.
  • Key on-chain metrics put forward the significantly dropped large transactions & concentration, hinting at deferred whale activity.

Why This Matters

The smart contract renunciation for $BONE could open the doors for major listings, as no major global exchange except has allowed $BONE trading pairs so far.


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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.