Bonk Inu (BONK), the favored Solana-based dog-themed meme coin, has just lately marked a monumental stride throughout the international crypto panorama. Notably, the meme token introduced the launch of a BONK exchange-traded product (ETP) within the U.S, rising because the first-ever meme coin to realize this feat. Crypto market lovers speculate whether or not the ETP launch may gas a optimistic impression on the asset’s value forward.
Bonk Inu Unveils BONK ETP In The U.S.
According to the newest Solana Breakpoint, a multi-day occasion for devs and lovers, the Bonk Inu (BONK) neighborhood is launching an ETP within the U.S. “This marks the first-ever step towards a BONK ETF,” the announcement added.
The Solana meme coin‘s team is working with Osprey Funds, a New York-based company that helped streamline one of the first Bitcoin ETFs and Solana Trust, to roll out the ETP in the U.S. Notably, the meme token’s neighborhood additionally revealed that it’s wanting ahead to launching the ETP by the top of this 12 months.
Meanwhile, the announcement added that the ticker stays the identical, BONK. Overall, the plans for an upcoming ETP launch have sparked a tidal wave of optimism for the token globally.
What’s Next For The Coin’s Price?
At press time, Bonk Inu (BONK) price rested at $0.00001803, down 2% up to now 24 hours. The coin’s intraday low and excessive had been recorded as $0.00001762 and $0.00001861, respectively. Today’s waning motion falls in keeping with the broader crypto market development.
Nevertheless, the meme token’s long-term prospects shine with bullishness, attributable to the looming BONK ETP launch forward. For context, the ETP launch is predicted to drive additional investor curiosity within the asset, bringing a brand new gush of cash influx to the token’s ecosystem.
Simultaneously, crypto market fanatic ‘TraderKoz’ took to X, spotlighting a robust, resilient value sample for BONK. According to the publish, the dog-themed token ‘just put in a clean triple tap.” This statement refers to a pattern where the asset’s value examined assist 3 times and bounced again up. Coupled with the ETP launch, this value sample has added to bullishness on the asset’s long-term prospects. Market watchers proceed to observe the coin for future value motion shifts.
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