1. What is Bone and its basic information

Bone is the only governance token in the ShibaSwap ecosystem, with a total supply of 250,000,000 tokens and a current circulation of approximately 229,923,351 tokens. On the ShibaSwap platform, users holding Bone can participate in the initiation and voting of proposals within the ecosystem, with voting power being positively correlated with the amount of tokens held. When new tokens are launched or ecosystem parameters are adjusted, the #shibacmy community will decide the final plan through Bone.

2. Bone Latest Price and Circulation Data

Figure:https://www.gate.com/trade/BONE_USDT

As of the writing of this article, the price of Bone (BONE/USDT) is $0.233389, with a trading volume of approximately $5,300,373 in the past 24 hours, a market capitalization of about $53,661,486, and a decrease of 1.42% in the last 24 hours.

• Circulating Supply: 229,923,351 BONE / Max Supply: 250,000,000 BONE
• Bone is traded on mainstream platforms (such as Gate, etc.), with good liquidity, making it suitable for beginners to enter.

3. The impact of ShibDAO governance upgrade on Bone

On June 2, 2025, the Shiba Inu team launched ShibDAO, introducing on-chain staking, off-chain voting, and delegated voting mechanisms to enhance the transparency and efficiency of community governance. Bone, as the core governance token, derives its value not only from trading and liquidity but also from the decision-making power in future proposals:

• On-chain staking: Token holders can lock their assets to earn additional rewards, while increasing their voting weight during the locking period.
• Delegated voting: Small token holders can delegate their voting rights to community whales to ensure the smooth execution of proposals.
  ShibDAO’s upgrade is expected to enhance the scarcity and functionality of Bone, thereby providing support for its price.

4. Bone Market Outlook and Investment Advice for Beginners

• Short term: Pay attention to the overall market risk appetite and the trend of the market. When Bitcoin and Ethereum rebound, Bone is expected to rise in sync.
• Medium to long term: The continuous upgrade of the ShibDAO ecosystem, the landing of NFT and metaverse sectors, will bring more practical application scenarios for Bone.
• Beginner’s advice: You can use USDT to exchange for Bone on mainstream exchanges like Gate. It is recommended to build your position in batches, set stop-loss orders, and continuously pay attention to ShibDAO community proposals and voting dynamics.