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Crypto alternate Bybit on Wednesday introduced that it’s itemizing Solana’s meme token BONK. The resolution to instantly listing the BONK token got here amid the huge demand for the meme cryptocurrency by the crypto neighborhood. The demand has dried buying and selling quantity from rival canine cash Shiba Inu (SHIB) and Dogecoin (DOGE).

Bybit Announces Immediate Listing of BONK Token

Crypto alternate Bybit in a tweet on January 4 introduced the itemizing of Solana’s meme token BONK with none prior announcement on its web site.

Bybit mentioned BONK is on the market to commerce on Bybit’s Spot market from January 4 at 11 AM UTC. Moreover, the meme cryptocurrency can also be obtainable to commerce on Bybit Spot Grid Bots. It is termed as the primary Solana canine coin for the folks and by the folks.

After itemizing on Bybit, the buying and selling quantity jumped to a excessive of $112 billion. The BONK token was listed at $0.0000010 and at the moment trades at 0.0000023, up over 130% in only a few hours.

Meme token BONK depends on the airdrop to Solana NFT, anti-Alameda Research sentiment, and the revival of Solana DEX tradition to enhance the neighborhood. The broader sentiment driving the BONK rally is a comparability to Dogecoin and Shiba Inu, which recorded huge rallies in the course of the bull market.

People imagine the BONK value may also give higher revenue sooner or later. Some states that builders additionally promised many integrations and presumably the opportunity of future voting amongst BONK holders, staking, raffles, and buying and selling contests may also be executed within the close to future.

Also Read: Solana Surges By 40%, ETC Up By 17%; Can Altcoins Keep Up This Rally Ahead?

Solana Price Skyrockets Over 15% in 24 Hours

Solana value at the moment trades at $13.66, up over 15% within the final 24 hours. Solana’s 24-hour high and low are $11.72 and $14.10, respectively. As per CoinGape analysis, Solana value might battle to surpass the $15 barrier, however the $15 breakout may encourage SOL to a extra 20% rise.

As per CoinMarketCap, the BONK value soared over 100% within the final 24 hours, with the present value buying and selling at $0.00000218. The 24-hour high and low are $0.000000854 and $0.000002581, respectively.

Also Read: How Sharp Selloff In Solana’s Meme Token BONK Will Impact SOL Price?

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is at the moment protecting all the most recent updates and developments within the crypto trade.

The offered content material might embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty in your private monetary loss.