Dog-Themed Memecoin Bonk Rides High on Solana Blockchain’s Comeback Post-FTX

The price of Bonk Inu has risen by 90% in the past 24 hours, and by over 2,000% since its launch, creating a high expectation that it is the next big thing in dog-related meme tokens. The article analyzes the factors behind the price rise and the potential challenges ahead for Bonk Inu.

Coinbase’s strategic inclusion of Bonk in its experimental “roadmap” program and subsequent listing amplified the memecoin’s visibility. Simultaneously, Binance, the world’s largest exchange by trading volume, listed Bonk with multiple trading options, albeit cautioning users about its elevated risk and potential volatility.