Coinbase, a prominent cryptocurrency exchange, has recently made an announcement regarding the addition of a new token called BONK to its list of supported cryptocurrencies.
Coinbase's listing of the BONK token resulted in a remarkable 60% surge in its price, reaching an all-time high. This impressive growth caught the attention of Binance, another influential player in the cryptocurrency market, who wasted no time in announcing their intention to list BONK as well, accompanied by a Seed Tag.
On December 15, 2023 at 08:00 (UTC), Binance is scheduled to launch spot trading pairs for BONK/USDT, BONK/FDUSD, and BONK/TRY. This decision by Binance reflects the increasing recognition and demand for BONK in the cryptocurrency market.
The announcement alone of Binance listing BONK caused the price to skyrocket by a remarkable 115%. Zooming out to a 30-day analysis, BONK has experienced an astounding 1100% surge, emphasizing the excitement surrounding this relatively new meme coin based on the Solana network.
However, Binance issued a statement of caution regarding BONK, acknowledging that it is a new and innovative token, indicating a higher-than-average level of risk. Traders are encouraged to practice proper risk management, conduct extensive research on the fundamentals of BONK, and acquire a comprehensive understanding of the project before participating in any trading activities.
The implementation of a Seed Tag by Binance indicates that BONK is recognized as an innovative project with the potential for higher volatility and risks compared to other tokens listed on the exchange.
As BONK prepares to launch on Binance, traders should anticipate increased volatility. Currently, BONK is trading at $0.00002952, experiencing a surge from its 24-hour low of $0.00001392, based on CoinGecko data. It has been reported that the meme coin has exceeded the $0.00003 price level.
At the TOKEN 2049 Summit in Singapore, BONK, a meme coin under the US blue-chip public chain Solana, announced that it would launch an ETP and hinted that an ETF might be launched in the future. The token has skyrocketed by more than 8,788% in one year.
AlexManta Network has partnered with BONK to launch a meme-themed campaign. This collaboration aims to build an interconnected meme community and boost user engagement and eligible participants can claim MANTA rewards over the next month.
CatherineBonk (BONK) sees $701.83M trading volume surge, priced at $0.00003435, up 5.86% in 24 hours. Factors: community engagement, positive sentiment. Technical indicators support bullish trend.
Xu LinBonk (BONK) sees a 28% surge to $0.00003243 in 24 hours, driven by anticipation of Ethereum ETF approval. Trading volume spikes 299%. As a Solana-based meme coin, BONK aims for fair dApp ecosystem. Technical indicators hint at potential correction despite bullish sentiment.
Huang BoBithumb's listing of Bonk (BONK) triggers bullish trend in South Korea's crypto market. BONK, Solana's first dog-themed token, surges 9.57% post-announcement. Increased trading volume and market cap indicate growing investor interest. Open Interest up by 13.24%, signaling bullish sentiment.
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KikyoBONK surpasses Floki Inu in market cap after a 103% surge, showing bullish momentum despite recent declines. Social buzz rises, but sentiment dips.
Huang BoSlothana, a new meme coin on Solana, has raised over $10 million in its presale and aims for a $420 million market cap, reminiscent of BONK's success. With a humorous sloth mascot and strong social media presence, Slothana seeks to ride the wave of meme coin mania, potentially replicating BONK's explosive rise in the crypto market.
JoyWhile Bonk's current performance reflects a bullish stance, market participants should closely monitor these key price levels and technical indicators.
BerniceBONK's price stagnation suggests a possible period of consolidation, with stable trader numbers but declining trade volume. The Relative Strength Index (RSI) is below the overbought stage, indicating market stabilization after a surge in March. Additionally, converging Exponential Moving Averages (EMA) hint at a potential bearish trend. Trading activity has dwindled, with both daily trades and active traders decreasing. If BONK can maintain support levels, its price may stabilize; otherwise, it risks a downturn.
BerniceBonk has soared more than 47% in the short term and is up nearly 200% in the past week as the broader market rebounds and Bitcoin nears all-time highs. Amid this rally, Bonk's combined market capitalization has surpassed that of SUI, SEI, and TIA, and currently stands at $2.5 billion.
JinseFinanceKelexo (KLXO) stands out in crypto chaos, redefining decentralized lending with a revolutionary presale. A beacon of progress amid uncertainties, it embodies transparency and inclusivity in digital finance.
EdmundDespite recent market turmoil, Bonk (BONK) experiences an unexpected recovery, attributed to strategic actions by whale investors. Their confidence in a bullish reversal has stabilized prices, attracting attention from retail investors. However, caution is advised due to the fragility of such recoveries, especially in a bear-dominated market.
BerniceBONK, transcending its memecoin image, shows significant market and technological growth
BrianBinance lists Bonk (BONK) on December 15, offering BONK/USDT, BONK/FDUSD, BONK/TRY trading pairs, and adds BONK to isolated margin trading within 48 hours.
BerniceBONK, a Solana-based meme coin, spikes 40% following Coinbase listing news.
Cheng YuanFor those unfamiliar with the term, the term "BONK" is an doge-associated meme, first attributed to the baseball wielding Doge.
BrianCoinbase's latest addition of Bonk to its listing roadmap has influenced a surge in the Memecoin's price. However, caution is advised, as inclusion in the roadmap doesn't guarantee listing, and Bonk's market performance is subject to the volatile nature of the crypto market.
Xu LinBONK saw significant loss in its value after the burning event.
cryptopotatoMeme coins and tokens are famously volatile, surging and falling based on things like social media sentiment—as seen in many past occasions with Elon Musk and Dogecoin.
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