- Top crypto exchange Binance announces BONK listing.
- BONK flipped PEPE upon Coinbase’s listing yesterday.
- Trader makes $748,000 as BONK briefly breaks $0.00003.
The Solana-based memecoin Bonk (BONK) completed a 1,000% monthly run as the leading crypto exchange, Binance, unexpectedly announced its listing. This comes just a day after Coinbase also listed BONK, sparking community excitement and a continuous run for the emerging memecoin.
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BONK’s journey on Binance comes with a Seed Tag applied. The Seed Tag is tied to emerging cryptocurrencies prone to higher volatility than usual. According to the official statement released by Binance, the three initial trading pairs on Spot markets will be as follows:
- BONK/USDT
- BONK/FDUSD
- BONK/TRY
These Spot trading pairs are already live on Binance, while the withdrawals in BONK will open on 2023-12-16 at 08:00 (UTC). Additionally, BONK will be added as a borrowable asset on the Isolated Margin, slated to go live 48 hours from the Spot trading listing.
Trader Makes Nearly a Million Upon BONK Listing
Naturally, the extended BONK rally was met with cheerful messages from Solana’s community on Twitter. To illustrate, the memecoin-focused crypto influencer and entrepreneur David Gokhshtein congratulated his audience on the victory for Solana’s ecosystem and the crypto sphere in general.
Gokhshtein admitted that he missed out on the opportunity to capitalize on BONK. In contrast, the smart money on-chain detectives LookOnChain spotted a crypto whale who sold off 52.3 billion $BONK and made $784,000, according to the blockchain records.
Initially, this Solana whale scooped up 69 billion $BONK at the approximate price of $0.0000021 and then staked it for a month. After unlocking the funds, this smart money investor sold the bigger part of their earnings, becoming a crypto millionaire overnight.
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As the two crypto giants listed $BONK, Solana’s dog-embossed memecoin soared to the TOP 50 by global market cap, pursuing the parabolic run to over 1,000% in the last 30 days. BONK is changing hands at $0.00002838 at press time with a 121% run in the last 24 hours.
On The Flipside
- Crypto analysts on X argue that a gradual market correction for BONK is looming due to many holders attempting to take profits at this price range.
Why This Matters
Solana’s blockchain is witnessing a massive recovery from the trials and tribulations of early 2023. BONK catalyzes SOL’s mass appeal, pursuing the adoption of blockchain technology.
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