Binance announces the launch of BONK! Bitcoin craze: Peppecoin leads the way, BONK explodes, what are you still waiting for?

Crypto老K · 2023-12-15T08:12:18.000Z

Binance announced the listing of BONK, offering USDT, FDUSD, and TRY spot trading pairs. BONK price surges 100%. Solana-based memecoin BONK has sparked a new frenzy among cryptocurrency investors while extending its gains to more than 110% in the past 24 hours. As of press time, the price of BONK is $0.00002815, and the market value has soared to $1.8 billion. Amid this bullish price surge, BONK has surpassed three times the size of popular meme coin PEPE Coin. The rise in BONK price comes as Binance announced the listing of memecoin for trading.

Binance announced the listing of BONK and provided spot trading pairs with USDT, FDUSD and TRY. The price of BONK surged 100%.Solana-based memecoin BONK has sparked a new frenzy among crypto investors while extending its gains to over 110% in the past 24 hours. At press time, BONK is priced at $0.00002815 and its market cap has surged to $1.8 billion.
Amid this bullish price rally, BONK has grown more than three times the size of popular memecoin PEPE coin. The BONK price rally comes as Binance announced the listing of the memecoin for trading.
Binance announces the launch of BONKBinance's Upcoming Actions Announced the Listing of Bonk (BONK) and the Start of Spot Trading of Multiple Trading Pairs in December 2023-01-15 08:00 (UTC).
The newly launched spot trading pairs include BONK/USDT, BONK/FDUSD, and BONK/TRY, providing users with diverse trading options on the Binance platform.
In preparation for trading, users can now initiate BONK deposits, with trading available from 08:00 (UTC) on December 15, 2023. BONK withdrawals will be available at the same time on December 16, 2023.
Notably, Binance chose BONK for its zero BNB listing fee, emphasizing its commitment to promoting accessibility and inclusivity in the cryptocurrency market.
In addition, Binance plans to expand its product range by introducing BONK as a new borrowable asset and introduce new margin pairs on independent margin, which is expected to be launched in the next 48 hours. This strategic move is in line with Binance's continuous efforts to diversify its asset products and enhance the trading experience of its user base.
What is BONK? What is the goal of BONK?Bonk is a dog-themed token meme that aims to revitalize the Solana ecosystem. Bonk was launched on Solana in December 2022, followed by an airdrop of approximately half of the tokens issued. These tokens were primarily distributed to developers, NFT enthusiasts on Solana, investors, and other key players in the ecosystem.
According to official introduction, Bonk has issued a total of 100 trillion BONK tokens, and 50% of the tokens will be airdropped to the Solana community, including developers of LamportDAO (LamportDAO is the center of Solana builders), holders of NFT projects such as Famous Fox Federation, and even DeGods, who previously announced their migration to other chains.
The specific distribution of airdrops is as follows:
20% for the Solana NFT collection, including 297,000 individual NFTs
15% for early openbook traders
10% for Solana artists and collectors
5% for Solana developers
Most of the remaining supply is also locked in vesting contracts for BONK contributors.
Interestingly, when BONK just announced the airdrop, DeGods and y00ts founder Frank were not optimistic about the project. But after seeing BONK mobilize the community's enthusiasm and become a hot project, Frank apologized again, saying that BONK was unbelievably good and looked like a great community. He also apologized for his previous negative comments about BONK.
The project's initiators decided to burn their originally planned issuance to support the price. The impact on SOL was immediate, with its price rising from $8 to $25 in less than 3 weeks, while Bonk's price soared by more than 2000%.
The emergence of $BONK is like timely help to the Solana community, which not only revitalizes the community but also alleviates the shadow of the FTX incident. Especially in early January this year, when the price of Solana tokens fell to about $8, the frenzy caused by $BONK helped reignite the enthusiasm of Solana users and developers.
The global cryptocurrency market capitalization has increased by 0.52% in the past day and currently stands at $1.61 trillion. Transaction volume also increased by 2.65% to $67.82 billion. This increase suggests that the market is conveying mostly bullish sentiment, as the market capitalization has seen a significant jump over the past day.
Bonk cryptocurrency has experienced a sharp rise in recent days, attracting widespread attention from cryptocurrency enthusiasts. Bonk's price rose by 108.05% to $0.00002914. At the same time, the trading volume of the token also increased sharply in the past 24 hours, reaching $828.27 million.
Pepecoin rose 2%
Pepe Coin’s price has slightly increased by 2.07% in the past 24 hours and is currently trading at $0.000001429. Although the coin has seen significant price volatility over the past week, further gains appear to be brewing as the price gradually regains momentum. In addition, the coin’s trading volume has also increased significantly by 45.98% in the past 24 hours.
1000SATS price increased by 33%
The price of 1000SATS has increased significantly by 32.95% in the past 24 hours and is currently valued at $0.0008148. Additionally, the coin’s 24-hour trading volume increased by 100.79% to $686.72 million. The coin appears to have sparked widespread speculation in the cryptocurrency space as its price trajectory suddenly saw a significant increase.
Well, that’s all for today’s article. I’m Crypto Lao K, an old investor who sincerely hopes everyone can get rich in the cryptocurrency world!