Bone ShibaSwap (BONE) Spikes 11% as Binance & Bybit Listing Rumors Resurface
BONE price surges amid calls from the SHIB Army community for listing on major exchanges.
While the main token of Shiba Inu (SHIB) is still in the accumulation phase, Bone ShibaSwap (BONE) — the gas fee token of the Shibarium Layer-2 blockchain — suddenly surged 11.1% on the first day of the week. The move comes amid continued speculation in the crypto community about the possibility of BONE being listed on major exchanges like Binance and Bybit in the near future.
Shibarium L2: The Driving Force Behind BONE’s Rise
Built as a Layer-2 scaling solution for the Shiba Inu ecosystem, Shibarium has just reached a major milestone of over 265,000 accounts created — an achievement recognized by the community after nearly two years of implementation.
Notably, the number of daily active wallets on Shibarium has increased sharply, reaching nearly 20,000 wallets on April 30, 2025 – a monthly high. As BONE is the network’s official gas fee token, the high usage directly creates buying pressure in the spot market.
BONE Still Out of Official Listings from Binance & Bybit
Despite its obvious utility and limited supply of only 250 million tokens, BONE has yet to be listed on any major centralized exchange (CEX) such as Binance, Bybit, or KuCoin.
Although the SHIB community has collected over 700 petition signatures on Change.org, official responses have been murky. Despite having appeared in the Binance Next vote, there has been no clear commitment to listing as of now.
Trading Volume and Liquidity – The Main Obstacle?
One of the reasons BONE has yet to catch the eye of the big guys could be its modest trading volume, hovering around less than $10 million per day. Meanwhile, exchanges like Gate.io, MEXC, and OKX account for the majority of the token’s trading volume — 13%, 9.7%, and 6.5%, respectively.
While not listed on Binance or Bybit, BONE is still available on other major exchanges like Crypto.com, HTX (formerly Huobi), providing some trading options for individual investors.
BONE’s Current Status
At the time of writing, Bone ShibaSwap (BONE) is trading at $0.2995, according to data from CoinGecko. The coin is currently ranked #536 by global market capitalization and is down more than 98% from its all-time high of $15.50.
The Downside of the Bull Run
BONE’s price is still down 50% year-over-year, despite posting double-digit gains on the day.
The lack of liquidity and the lack of a major futures contract on the market make it difficult for BONE to attract institutional investors or professional scalpers.
Why Does This Matter?
Meme tokens with practical utility like BONE — which are directly tied to the blockchain network — can have a longer shelf life than coins that rely solely on hype. With a limited supply, a strong community like SHIB Army, and growing activity on Shibarium, BONE is cementing its place as a meme coin with real-world use cases, rather than just a speculative fad.