Why BONK keeps rising, the price skyrockets by 124 today

Mondo Three rural Updated on 2024-01-29

Cryptocurrency exchange Coinbase announced its decision to list the cryptocurrency, resulting in a significant 98% of the last 24 hours in Bonnk.

Prior to that, Bonk hit 0000029 the US dollar to an all-time high as bullish investors capitalized on strong positive market sentiment and listings on major exchanges.

The Solana-based MEME token has experienced an impressive 750% growth over the past 30 days, marking a significant milestone in its upward trajectory.

The recent addition of Bonk on Binance has also played a significant role in pushing its ** up. Binance intends to make MemeCoin a crypto asset that can be borrowed through its segregated margin program from December 17.

In addition, South Korean cryptocurrency exchange CoinOne recently said it would include Bonk on its platform. Trading on the BONK KRW pair will begin at 10:00 a.m. (KST) on December 14, with spot trading opening at 5:00 p.m. on the same day. (Korea time).

All of these lists have proven to be beneficial to meme coins.

Since its launch in December 2022, BONK has been significantly more successfulSince September 2023, it has grown by 7,000%, making it the third-largest meme coin after Dogecoin (DOGE) and Shiba Inu (SHIB).

After its launch, Bonk gained popularity in the Solana ecosystem by acting as a payment method for non-fungible tokens (NFTs) and discovering various applications.

Since October, the token has grown rapidly due to the high level of interest in the Solana ecosystem, despite its initial debut as a parody token.

The amount of BONs in circulation is 61 trillion, and the token's current market cap is $931,186, indicating a significant 66 in the last 7 days60%。

Given the significant impact of the Solana ecosystem on the rise of Bonnk, it is ranked as the 70th largest cryptocurrency.

In related news, Bonk shared Bonkbot, a new software that could make Bitcoin transactions easier on popular chat apps like Telegram and Social**.

With this move, Bonk hopes to increase user engagement and accessibility in the cryptocurrency trading community.

At the same time, with the expected bull market in the cryptocurrency market driving growth in 2024, Bonk will be able to effectively expand its audience. As the community expands, Bonk's ** may eventually reach 000095 USD.

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