Blog

Bonk, a cryptocurrency functioning atop the Solana ecosystem, garnered noteworthy consideration inside the broader crypto market on Saturday following a considerable drop in its worth trajectory. The token that was initially long-established as a meme coin surged phenomenally over the previous few days, amassing bullish sentiments amongst market merchants and buyers globally. However, the present drop within the token’s worth has fueled speculations orbiting Bonk’s worth horizon amongst market fans.

Furthermore, the worth drop famous by Bonk comes amid a gust of developments witnessed by the token’s group. With its latest itemizing chronicle, Bonk additional embarks on its cryptographic enterprise, rising among the many prime meme cash out there.

Bonk’s Listing Chronicle

The Solana-backed token propelled additional inside the broader crypto market not too long ago as Coinbase, a number one crypto change, introduced the graduation of BONK trading on its platform. The announcement reportedly surfaced on the crypto horizon on Thursday, December 14. In addition, with the announcement gaining traction, the BONK worth famous a major surge on Thursday.

Moreover, other than its itemizing on Coinbase, the token was additional jacked up by Binance, one other eminent crypto change. Binance, constructing help for the token, introduced zero-fee trading for BONK on its platform. Following the announcement, the token was built-in into Binance Covert, a buying and selling instrument for customers on the platform.

Meanwhile, the token additionally positioned itself among the many prime meme cash because it superior additional inside the market.

Furthermore, the cryptocurrency’s dad or mum token, Solana, additionally amassed important consideration inside markets, surpassing Ethereum in 24-hour DEX quantity right now.

Also learn: Ripple CTO & XRP Lawyer Red Flag SEC Gary Gensler ‘Crypto Asset Security’ Propaganda

Bonk Surpass DOGE & SHIB’s Trading Volume

As of writing, the Bonk worth recorded a considerable drop of 16.76%, at the moment buying and selling at $0.00002473. However, the token’s weekly trajectory portrayed an upswing of 73%, accompanied by a month-to-month surge of round 750%.

Notably, the market quantity of the meme coin was down 27.78% to $1.2 billion. Despite the decline in its buying and selling quantity, it has attained notable traction surpassing the final 24 hours of the highest two memecoins Dogecoin and Shiba Inu. Simultaneously, the DOGE price added 17% during the last 30 days, whereas the SHIB price soared almost 12% in the identical timeframe.

Besides, the Solana price additionally famous a fall of 5.38%, at the moment resting at $74.59. With its weekly trajectory showcasing a plunge of three%, the token’s market efficiency contrasted with Bonk’s worth in latest days.

Also learn: Pro-XRP Lawyer Slams Elizabeth Warren Over Alleged Alliance with Jamie Dimon

✓ Share:

CoinGape includes an skilled staff of native content material writers and editors working around the clock to cowl information globally and current information as a reality slightly than an opinion. CoinGape writers and reporters contributed to this text.

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