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Potential Binance Listing Sparks Interest in ShibaSwap's BONE

Speculation arises over the potential Binance listing of ShibaSwap's BONE following significant token transfers.
Published on 2023-11-21

Significant Transfer of BONE Tokens

A significant transaction involving ShibaSwap's governance token, BONE, has sparked speculation about a potential new listing on Binance. An unknown user transferred approximately 17,000 BONE tokens, valued at around $10,000, to a wallet linked to Binance.

Blockchain Detection by Etherscan

Blockchain explorer Etherscan detected this notable transaction and confirmed the receiving wallet's association with Binance's network. Alongside the primary transfer, an additional 507.2 BONE tokens were sent to the same wallet. This activity pattern is familiar, with similar transactions observed over the years.

Crypto Community Speculation

The move has intrigued the crypto community and investors, given Binance's status as a leading cryptocurrency exchange. The intrigue is heightened by the presence of Shiba Inu (SHIB), a related token already traded on Binance, which adds to the speculation surrounding BONE's potential listing.

Unclear Intentions Behind the Transfers

The intention behind these transfers remains unclear. It could indicate an upcoming BONE listing on Binance, or they might simply be user deposits made in error. It is crucial to note that Binance does not guarantee asset credit for tokens not officially listed on their platform.

Awaiting Binance's Announcement

The crypto community is keenly observing any announcements from Binance regarding BONE's status on its trading platform. The outcome of these transactions could significantly impact the perception and trading volume of BONE in the cryptocurrency market.

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