The spot buying and selling of Solana’s largest memecoin – Bonk (BONK), goes reside on Binance, and the token has surged by 134%.
Lower than a 12 months in the past, the meme coin BONK was created by an nameless staff. Remarkably, the token’s market capitalization has now surpassed $2 billion, securing its place among the many high 50 cryptocurrencies based mostly on market capitalization.
Binance Lists Bonk
The spot buying and selling for BONK/USDT, BONK/FDUSD, and BONK/TRY went reside on Binance from 8:00 AM UTC Friday. Nonetheless, Binance utilized a Seed Tag to the BONK buying and selling pairs.
“The Seed Tag represents modern venture which will exhibit greater volatility and dangers in comparison with different listed tokens.”
Definitely, Bonk falls into the class of meme cash characterised by excessive volatility and minimal use circumstances. The identification of the groups behind most meme cash, together with Bonk, stays largely unknown.
Nonetheless, as a result of Binance itemizing, the worth of BONK is up by 134% previously 24 hours, including at the least $1 billion to its market capitalization. The screenshot beneath exhibits that it’s buying and selling at $0.00003393, rating forty fourth based mostly on market capitalization.
Learn extra: 11 Scorching Meme Cash and Altcoins that Development in 2023
The worth of Bonk has been hovering all through the week because it turned the third largest meme coin after Dogecoin and Shiba Inu. The rally escalated additional after Coinbase added assist for Bonk on Thursday.
BeInCrypto reported that in 56 days for the reason that lows, the token has surged by over 8,820%
Solana Cell Gross sales 10X
The Bonk hype has resulted within the elevated sale of the Solana Saga Cell. Solana co-founder – Raj Gokal posted on X (Twitter) that previously 48 hours, the gross sales of the Solana Mobiles have elevated by at the least 10 instances.
Furthermore, the official account of the Solana Mobile posted:
“Wow, what a day
We’ve formally SOLD OUT of Saga telephones within the US! An enormous because of everybody who’s been a part of this journey ♥️
To our frens in Europe, we’ve nonetheless bought a number of left for you.
Keep tuned for what’s subsequent
”
The Solana Cell presents an airdrop of 30 million Bonk tokens to the consumers. Nonetheless, based mostly on present market costs, it’s price over $1000.
Surprisingly, the Solana cell is priced at $599. Consequently, with the Bonk airdrop, the Web3 smartphone turns into cost-free.
Learn extra: Methods to Purchase Solana (SOL) and Every thing You Want To Know
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