Bonk (BONK), a meme-inspired altcoin launched during the Christmas season of 2022, has rapidly gained attention following significant listings on major crypto exchanges. The token, based on the Solana (SOL) blockchain, saw explosive growth as a result of being listed on prominent platforms such as Coinbase and Binance. The trend continued with the recent listing announcements from Kraken and WazirX, sparking speculation of sustained momentum.
Kraken, a San Francisco-based exchange, has recently added BONK to its trading pairs, starting with USD and EUR, and set a minimum order size of 350,000 BONK. The exchange also established a minimum deposit amount of 42,000 BONK for traders. WazirX, another leading exchange, announced the listing of BONK against USDT on December 22, further expanding the altcoin’s accessibility.
Despite a 2.77% decline in the last 24 hours, BONK’s price is currently trading at $0.00001833. The altcoin has experienced a substantial 24.65% drop over the week due to profit-taking after its significant rise. However, it has still surged by 323.35% in the last 30 days, marking an impressive 333-fold increase over the past year.
The all-time high for BONK was recorded on December 15, 2023, at $0.00003419. At present, the price is 46.48% below its peak. Market observers are closely monitoring the impact of increasing exchange listings on the altcoin’s performance, with the potential for further upward movement being a topic of discussion.
As BONK continues to attract attention with its listings and volatile price movements, investors and traders are keeping a watchful eye on this meme coin’s journey in the cryptocurrency market.
Overall, the trajectory of BONK highlights the dynamic and often unpredictable nature of the altcoin market, where new entrants can quickly rise to prominence with the right mix of community support, technological foundations, and market conditions.