Solana Meme Coin BONK Up 25% As It Gains Binance Listing

BONK's meteoric rise fired a second-stage booster with a new futures offering alongside PYTH.

It appears every dog shall have its moon, as well as its day, as BONK—a meme coin on the Solana network that saw a huge jump in value earlier this week—rose even higher today, logging a more than 25% spike, according to CoinGecko.

The pump comes as Binance, the world's largest cryptocurrency exchange, announced that it will be launching a BONK futures offering—1000BONK—along with one for PYTH, a decentralized finance (DeFI) network of oracles that made waves with a 255 million PYTH token air drop.

For the two buzziest coins on Solana to land Binance listings is notable, given that the exchange recently lost its high-profile CEO, and has seen over $1 billion in outflows since. Industry watchers are calling the BONK and PYTH moves an early market-making play by new Binance CEO Richard Teng.

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