OKX, a famend cryptocurrency change, introduced two new listings on January 8, 2024. The platform is increasing its spot buying and selling market by including two new cryptocurrencies, Bonk (BONK) and Jito (JTO), primarily based on the Solana blockchain. Ahead of this announcement, Jito and Bonk value declines prolonged with vital crashes.
Bonk And Jito Get Listed On OKX
Bonk and Jito spot buying and selling pairs went dwell on OKX at 2 a.m. UTC on Monday, January 8, 2024. The itemizing of JTO introduces a liquid staking protocol throughout the Solana ecosystem. Moreover, it should allow SOL token holders to stake their tokens and obtain Jito Staked SOL (JitoSOL) in return.
In addition to Jito, OKX added Bonk, a trending Solana meme coin. Bonk represents the lighter aspect of the cryptocurrency area, specializing in group participation. For simple buying and selling, the OKX crypto change structured the itemizing with JTO/USDT and BONK/USDT spot buying and selling pairs.
Deposits for JTO and BONK tokens had been activated on the identical day. On the opposite hand, withdrawals are set to be obtainable from 10:00 a.m. UTC on January 9, giving merchants full management over their belongings. Considering the rising reputation of the Solana ecosystem, this strategic transfer may improve OKX’s place within the cryptocurrency panorama.
Jito And Bonk Price Update
As of writing, the Jito crypto value plunged by 12.73% to $1.53 on Monday. Whilst, its market cap dipped by 12.87% to $175.19 million. In addition, the crypto’s 24-hour buying and selling quantity slumped by a large 51.47% to $127.62 million.
In the final seven days, after registering preliminary good points, the JTO value dropped considerably. Hence, its 1-week losses surpass 18%. Moreover, it has misplaced practically 50% within the final 30 days. Though the latest OKX crypto change itemizing information may assist in a value rebound, it’s nonetheless unsure for the reason that market volatility has been peaking in latest instances.
On the opposite hand, Bonk, the dog-faced meme coin, skilled gigantic declines after surging unprecedentedly. The BONK price was down by 6.91% because it traded at $0.00001016 at press time on Monday. The meme crypto’s market cap stood at $643.38 million, down by 6.88%.
However, its 24-hour commerce quantity soared by 24.15% to $126.02 million amid latest value declines. In the final week alone, it has misplaced over 23% in worth. Meanwhile, the 1-month loss is nineteen%, which is decrease as a result of preliminary spikes recorded final month.
On December 15, 2023, it registered an all-time excessive of $0.00003419 however is at present buying and selling 70.29% decrease than it. The present pattern for the crypto is extremely bearish whereas the newest announcement requires a value rebound. However, there’s a excessive probability that Bonk may succumb to the bearish turndown out there earlier than a rebound.
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