Shiba Inu Team Fires Back at ‘Manipulative’ Exchanges for Delisting Tokens

Shiba Inu marketing specialist, Lucie, addresses the FUD surrounding the delisting of Bone ShibaSwap (BONE) from two centralized exchanges

As expected, the delisting of BONE from two centralized exchanges sparked concerns among holders, who saw the value of their BONE holdings plummet massively.

Allegations of Manipulative Delisting

Notably, Shiba Inu’s marketing lead took to X to address growing concerns about BONE’s delisting. She described the centralized exchanges as “manipulative.”

According to her, the delisting has nothing to do with BONE’s performance. She asserted that BONE isn’t even among the tokens with the lowest trading volumes on either platform. Lucie emphasized that she would not “chase” exchanges to support Shiba Inu ecosystem tokens.

Lucie Slams Centralized Exchanges

Despite the delisting, Lucie emphasized that the team is not backing down and will focus on building out the ecosystem. She further took a swipe at centralized exchanges, claiming they usually list tokens that offer ‘big money.”

According to her, this practice enables them to continue promoting low-effort projects that often disappear within a short time.

Lucie also pointed to the failures of once-prominent centralized exchanges like WazirX, FTX, and Hotbit. Although they appeared solid at first, they were eventually exposed or exploited, serving as cautionary examples against overreliance on centralized platforms.

A Familiar Pattern

Furthermore, Lucie noted that other major assets, including SHIB and XRP, have faced similar challenges. In particular, she recalled how several U.S.-based exchanges delisted XRP after the SEC filed a lawsuit against Ripple.

However, these exchanges have since relisted XRP after a federal court ruled that its secondary market sales do not violate federal securities laws.

Currently, BONE is down 18.95% over the past seven days, following its delisting from ONUS and OKX. However, it has recovered some of its losses in the past day, with its price soaring 9.5% to $0.1941.

Meanwhile, BONE remains available for trading on other centralized exchanges, such as Gate.io and HTX, which have seen over $2 million in volume in the past 24 hours.