{"id":77407,"date":"2025-07-01T13:23:30","date_gmt":"2025-07-01T13:23:30","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=77407"},"modified":"2025-07-01T13:23:30","modified_gmt":"2025-07-01T13:23:30","slug":"shiba-inu-themed-meme-coin-tanks-after-okx-says-goodbye-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=77407","title":{"rendered":"Shiba Inu-Themed Meme Coin Tanks After OKX Says Goodbye: Details"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

A popular meme coin within SHIB\u2019s ecosystem nosedived by double digits after OKX withdrew its support.<\/span>
\nTeam member LUCIE addressed the panic, urging users to embrace DeFi over centralized platforms and warning that even major exchanges aren\u2019t immune to collapse.<\/p>\n

<\/a><\/span><\/h2>\n

BONE Heads South<\/h2>\n

Shiba Inu (SHIB) is a meme coin that has evolved into a robust ecosystem over the past few years. One of the most popular tokens within the network is Bone ShibaSwap (BONE).<\/span><\/p>\n

The asset has not been in its best shape lately, posting a 32% decline on a monthly scale and plunging by 12% in the past 24 hours alone.<\/span><\/p>\n

<\/a>BONE Price, Source: CoinGecko<\/p>\n

The main reason triggering the latest downfall is OKX\u2019s decision to withdraw its support from the meme coin. The well-known cryptocurrency exchange <\/span>announced that<\/span><\/a> it will delist several digital assets on July 7, with BONE included in the list.\u00a0<\/span><\/p>\n

OKX has already suspended deposits involving the token, while withdrawals will <\/span>be terminated<\/span> by the end of September.\u00a0<\/span><\/p>\n

\u201cWe will continue to monitor all listed trading pairs and implement the delisting\/hiding mechanism as necessary,\u201d the company concluded.<\/span><\/p>\n

OKX boasts over 50 million users globally and is among the behemoths in its field. When it withdraws support for a token, it often leads to negative price impacts driven by reduced liquidity, limited access, and potential reputational concerns.<\/span><\/p>\n

BONE saw the light of day in the summer of 2021 alongside the debut of ShibaSwap \u2013 Shiba Inu\u2019s decentralized exchange. It enables holders to vote on development proposals and influence protocol decisions, serves as a reward for liquidity providers, and functions as a gas token for Shibarium. During its early days, its price skyrocketed above $15, while currently, it trades at a mere $0.18.\u00a0<\/span><\/p>\n

The Community\u2019s Reaction<\/span><\/h2>\n

One person who gave their two cents on the delisting effort is the X user LUCIE, who serves as Shibarium\u2019s marketing strategist. The team member <\/span>thinks<\/span><\/a> there\u2019s much panic over two (unnamed) \u201cmanipulative\u201d exchanges that have withdrawn their support from the token.\u00a0<\/span><\/p>\n

LUCIE said they don\u2019t want to be involved in the drama, putting their trust in DeFi and highlighting its advantages over centralized platforms:<\/span><\/p>\n

\u201cI trust DeFi. Use good exchanges only to exchange. We\u2019re here to build and embrace DeFi \u2013 and simplify it so even beginners can onboard without needing 2FA, KYC, and a blood sample just to get started.\u201d<\/span><\/p>\n

Shibarium\u2019s executive also noted that SHIB and other cryptocurrencies, like XRP, have faced similar FUD (Fear, Uncertainty, and Doubt) but have survived the backlash over the years. At the same time, LUCIE reminded about the demise of former giants like FTX and WazirX, hinting that centralized exchanges are not immune to another collapse of that type.<\/span><\/p>\n

The post Shiba Inu-Themed Meme Coin Tanks After OKX Says Goodbye: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR A popular meme coin within SHIB\u2019s ecosystem nosedived by double digits after OKX withdrew its support. Team member LUCIE addressed the panic, urging users to embrace DeFi over centralized platforms and warning that even major exchanges aren\u2019t immune to collapse. BONE Heads South Shiba Inu (SHIB) is a meme coin that has evolved into […]<\/p>\n","protected":false},"author":0,"featured_media":77408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-77407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77407"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77407"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/77408"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}