Shiba Inu Team Criticizes Exchanges for Delisting BONE Token

Shiba Inu Team Criticizes Exchanges for Delisting BONE Token

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The Shiba Inu marketing specialist, Lucie, responded to concerns after the delisting of Bone ShibaSwap (BONE) from centralized exchanges OKX and ONUS. OKX suspended BONE deposits on June 30, while ONUS stopped BONE purchases and swaps on July 1, causing the token’s value to drop significantly.

Lucie accused the exchanges of being “manipulative,” asserting the delistings were unrelated to BONE’s trading performance. She stated that BONE is not among the lowest volume tokens on these platforms and dismissed any attempts to persuade exchanges to support Shiba Inu ecosystem tokens.

Emphasizing the team’s commitment to decentralized finance (DeFi), Lucie critiqued centralized platforms for requiring invasive identity checks such as KYC. She claimed the Shiba Inu team will continue developing its ecosystem without relying on these exchanges.

Lucie also criticized exchanges for favoring tokens that generate substantial profits, often promoting projects that fail quickly. She referenced past failures of major centralized exchanges like WazirX, FTX, and Hotbit as cautionary examples against dependence on centralized platforms.

Additionally, Lucie highlighted that other assets, including SHIB and XRP, have faced similar delisting challenges. She recalled how U.S. exchanges removed XRP after the SEC sued Ripple but later relisted it following a federal court ruling that cleared XRP’s secondary sales.

Following the delisting news, BONE’s price dropped nearly 19% over seven days but rebounded 9.5% to $0.1941 in the last day. The token is still available on exchanges like Gate.io and HTX, which recorded over $2 million in volume in 24 hours.