📈 BONK Price Rallies 15%, Why Further Rally Is Imminent
BONK price rises 10.06% in 24 hours, with trading volume up 90.90%. Technical indicators show strong buying interest and bullish momentum.
Bonk (BONK) has surged in the past 24 hours, rising by 10.06% and currently trading at $0.00003869. The trading volume increased by 90.90% to $755.74 million, indicating continued bullish sentiment. BONK price recorded trading lows and highs of $0.00003381 and $0.00003927, respectively. Over the past week, BONK’s price has increased by 53.65%.
🔸 BONK Price Gains Momentum from Coinbase Listing
A significant factor driving BONK‘s recent price surge is a promotional giveaway announced by the project. Over the next two weeks, the Solana-based memecoin will distribute $10,000 worth of its tokens, split equally among ten users. Participants must share their ‘cards’ on social media to qualify, boosting user engagement. This marketing strategy has significantly increased BONK’s trading activity and visibility.
The promotional giveaway has created a buzz on social media, leading to heightened interest in BONK. As more users participate, the trading volume has surged, contributing to the token’s upward price movement. The giveaway’s success highlights the effectiveness of strategic marketing in the cryptocurrency market.
Another key development is Coinbase’s announcement that it will list perpetual future contracts for Shiba Inu, BONK, and Floki Inu. These contracts will be available on the Coinbase International Exchange and Coinbase Advanced platforms. The memecoin is set to begin trading on Coinbase on May 30th, signaling strong demand from investors and traders.
The upcoming Coinbase listing is a significant milestone for the memecoin, enhancing its credibility and accessibility. This development has fueled bullish sentiment among investors, anticipating increased trading activity and further price appreciation. The listing aligns with BONK’s recent market momentum, reinforcing its positive outlook.
