The Bone ShibaSwap (BONE) meme coin, the governance token of the ShibaSwap decentralized exchange (DEX), and the designated “gas” token used on Shibarium, has achieved an incredible milestone – it is now owned by over 83,111 users. By comparison, the main token of the Shibarium trifecta, Shiba Inu, has reached 2.7 million holders according to data from the CryptEye service.

In the last month, the BONE token was listed by multiple exchanges, such as OKX and Huobi Global, captivating the attention of traders and arousing speculation in the BONE army that it may be listed by the Binance exchange. Such speculation stemmed from the criteria set out by Exchange CEO Changpeng Zhao during an AMA, which highlighted big user-support as a major criterion for listing.

At the moment, BONE is valued at $0.8607, having dropped 8.83% in the past 24 hours. However, all eyes are currently on another meme coin – Pepe (PEPE). Since its launch in April this year, it has been listed by many crypto exchanges, and some even speculated it would be supported by Coinbase. As a result, PEPE has grown immensely in price (e.g. increasing by 51% in just one day) and its market capitalization is rocketing towards the billion-dollar mark.

Whales have been taking full advantage of PEPE, as demonstrated by David Gokhshtein who reported on traders swapping their SHIB positions for those in PEPE in order to reap major profits. At the time of writing, PEPE can be bought for $0.000002774, a price which has surged by 73%.

Overall, these two meme coins show the full potential of cryptocurrency tokens and the investments whales can make in them. They first must be able to build up user support and generate trading volume, and then satisfy their list criteria in order to give potential traders and investors confidence in the token.



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