Bonk, a cryptocurrency functioning atop the Solana ecosystem, garnered noteworthy consideration throughout 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 fanatics.
Furthermore, the worth drop famous by Bonk comes amid a gust of developments witnessed by the token’s group. With its current itemizing chronicle, Bonk additional embarks on its cryptographic enterprise, rising among the many prime meme cash available in the market.
Bonk’s Listing Chronicle
The Solana-backed token propelled additional throughout the broader crypto market lately 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 big surge on Thursday.
Moreover, aside from its itemizing on Coinbase, the token was additional jacked up by Binance, one other eminent crypto change. Binance, constructing assist 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 throughout the market.
Furthermore, the cryptocurrency’s dad or mum token, Solana, additionally amassed important consideration inside markets, surpassing Ethereum in 24-hour DEX quantity at this time.
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Bonk Surpass DOGE & SHIB’s Trading Volume
As of writing, the Bonk worth recorded a considerable drop of 16.76%, at present 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% over the past 30 days, whereas the SHIB price soared practically 12% in the identical time-frame.
Besides, the Solana price additionally famous a fall of 5.38%, at present resting at $74.59. With its weekly trajectory showcasing a plunge of three%, the token’s market efficiency contrasted with Bonk’s worth in current days.
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