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Solana-based memecoin BONK has created a contemporary frenzy amongst crypto traders whereas extending its positive factors to greater than 110% within the final 24 hours. As of press time, the BONK value is buying and selling at $0.00002815 with its market cap taking pictures to $1.8 billion.
Amid this bullish value rally, BONK has outgrown the favored memecoin PEPE Coin, by 3 times in dimension. The BONK value rally additionally comes as Binance pronounces the itemizing of the memecoin for buying and selling.
Binance Announces BONK Listing
In an upcoming transfer, Binance has announced the itemizing of Bonk (BONK) and the graduation of spot buying and selling for a number of buying and selling pairs on December 15, 2023, at 08:00 (UTC).
The newly launched spot buying and selling pairs embody BONK/USDT, BONK/FDUSD, and BONK/TRY, providing customers numerous buying and selling choices on the Binance platform.
#Binance will record @bonk_inu $BONK with Seed Tag utilized.
👉 https://t.co/BVs6KjrRvK pic.twitter.com/AKB6mlwnkL
— Binance (@binance) December 15, 2023
To put together for buying and selling, customers at the moment are in a position to provoke BONK deposits, with the buying and selling performance set to open on December 15, 2023, at 08:00 (UTC). Withdrawals for BONK shall be accessible beginning December 16, 2023, on the identical time.
It’s noteworthy that Binance has opted for an inventory price of zero BNB for BONK, emphasizing its dedication to fostering accessibility and inclusivity within the cryptocurrency market.
Furthermore, Binance plans to broaden its choices by introducing BONK as a brand new borrowable asset with the introduction of a brand new margin pair on Isolated Margin, anticipated inside the subsequent 48 hours. This strategic transfer aligns with Binance’s steady efforts to diversify its asset choices and improve the buying and selling expertise for its person base.
Overtaking Shiba Inu In Trading Volumes
In the most recent information launch from crypto information aggregator CoinMarketCap, BONK, a possible Dogecoin (DOGE) rival, has exhibited a unprecedented surge of 271.8% in its day by day buying and selling quantity, reaching a powerful complete of roughly $969 million.
In distinction, Shiba Inu skilled a notable 29.6% enhance in its 24-hour buying and selling quantity, reaching a complete of $232 million. Additionally, the information highlights a outstanding 108.7% surge in BONK’s market capitalization, securing its place because the Forty third-ranked digital asset.
Adding to BONK’s momentum, the famend U.S.-based cryptocurrency trade platform Coinbase just lately announced its intention to incorporate this fervently mentioned meme coin in its altcoin itemizing roadmap. The roadmap serves as a information for merchants, signaling the potential assist of a selected digital asset by Coinbase within the close to future.
Notably, Coinbase launched the itemizing roadmap in 2022 to reinforce transparency and reduce the danger of traders preempting new buying and selling bulletins.
In a parallel growth, BONK has unveiled BONKBot, a novel program designed to facilitate cryptocurrency buying and selling via social media and the favored chat platform Telegram. This strategic transfer by BONK goals to reinforce accessibility and person engagement inside the crypto buying and selling group. The announcement notes:
“On the third day of BONKmas, my true dog gave to me: BONKbot! Trade with ease using BONKbot on Telegram. This BONKmas, discover how BONKbot simplifies trading and managing your positions.”
The introduced 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 to your private monetary loss.
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