He's attracting attention: BONK Coin frenzy on Binance!
BONK, a meme coin on the Solana network, has been impressing the market with dramatic growth in November. BONK Coin's rapid rise even overshadowed the performance of Solana's SOL token and market giant Bitcoin. Moreover, the news of its listing on Binance added to the excitement.
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According to CoinMarketCap data, BONK had the highest gains among the top 100 meme coins in 2023 and has gained over 4600 percent since its lows in 2022. BONK, which has surged more than 30 times in the past month, outpacing the entire crypto market, reached an all-time high of $0.0000054 last Monday.
BONK, a meme coin on the Solana network, impressed the market with dramatic growth in November. BONK's rapid rise even overshadowed the performance of Solana's SOL token and market giant Bitcoin. Moreover, the news of its listing on Binance added to the excitement.
According to CoinMarketCap data, BONK had the highest gains among the top 100 meme coins in 2023 and has gained over 4600 percent since its lows in 2022. BONK, which has increased more than 30 times in the past month, surpassing the entire crypto market, reached an all-time high of $ 0.0000054 last Monday.
The token gained value again late Tuesday when Binance, the world's largest crypto exchange, listed it for trading under the ticker 1000BONK. BONK, like PEPE, is not yet listed for spot trading. But the announcement nonetheless sent the meme coin soaring by 15 percent, significantly outpacing other dog-themed tokens like Dogecoin and Shiba Inu.
So why did Bonk suddenly see such a surge? At the beginning of November, the developers introduced unilateral staking in Bonk liquidity pools. This allowed investors to receive an APY rate of around 25 percent per year in exchange for providing Bonk tokens to the Bonk platform.
The token's partnership with Hxro Network has also excited meme coin enthusiasts. To celebrate the partnership, Hxro announced an airdrop for holders of a certain amount of BONK. Various CEX listings have also been bullish. On Tuesday, BitMEX announced a BONK contract that allows traders to trade with up to 10x leverage.
Even with Bonk stepping back, investors continue to look for high-potential meme coins that will continue to grow. According to Crypto Tony, a crypto expert with more than 350,000 followers on X, buying Meme Kombat tokens could be a great opportunity. Let's take a closer look at the details of the MK coin.
BONK, a meme coin on the Solana network, impressed the market with dramatic growth in November. BONK Coin's rapid rise even overshadowed the performance of Solana's SOL token and market giant Bitcoin. Moreover, the news of its listing on Binance added to the excitement.
According to CoinMarketCap data, BONK had the highest gains among the top 100 meme coins in 2023 and has gained over 4600 percent since its lows in 2022. BONK, which has increased more than 30 times in the past month, surpassing the entire crypto market, reached an all-time high of $ 0.0000054 last Monday.
The token gained value again late Tuesday when Binance, the world's largest crypto exchange, listed it for trading under the ticker 1000BONK. BONK, like PEPE, is not yet listed for spot trading. But the announcement nonetheless sent the meme coin soaring by 15 percent, significantly outpacing other dog-themed tokens like Dogecoin and Shiba Inu.
So why did Bonk suddenly see such a surge? At the beginning of November, the developers introduced unilateral staking in Bonk liquidity pools. This allowed investors to receive an APY rate of around 25 percent per year in exchange for providing Bonk tokens to the Bonk platform.
The token's partnership with Hxro Network has also excited meme coin enthusiasts. To celebrate the partnership, Hxro announced an airdrop for holders of a certain amount of BONK. Various CEX listings have also been bullish. On Tuesday, BitMEX announced a BONK contract that allows traders to trade with up to 10x leverage.
Even with Bonk stepping back, investors continue to look for high-potential meme coins that will continue to grow. According to Crypto Tony, a crypto expert with more than 350,000 followers on X, buying Meme Kombat tokens could be a great opportunity. Let's take a closer look at the details of the MK coin.
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