2023 marks a significant rebound for Solana, particularly due to the performance of its meme cryptocurrency, BONK. Known for its whimsical nature, BONK competes with other canine-inspired digital currencies and made headlines last year with an astounding increase in value. In a strategic move to leverage the meme coin’s popularity, Robinhood EU has recently added BONK to its trading platform, signaling strong interest in the asset.
BONK Attracts Market Attention
BONK’s remarkable ascent last year did not go unnoticed, as it outperformed its competitors and became one of the most lucrative cryptocurrencies of the year. Its performance piqued the interest of various exchanges, resulting in a series of new listings and increased visibility in the market.
The recent revival of enthusiasm for meme coins has prompted trading platforms to join the trend. Robinhood Crypto EU’s announcement highlighted the availability of BONK for trading in select European regions, with incentives such as earning Bitcoin rewards on trades.
Surge in BONK’s Value and Volume
Following the listing announcement, BONK’s price quickly jumped by 7%, elevating its trading value. The coin’s performance over the last week has been stellar, with gains surpassing 150%, showcasing its strength among meme coins.
The market capitalization of BONK has also seen an 8% hike, propelling it to a $2.4 billion valuation and earning it the 49th spot in overall market rankings. Additionally, the trading volume for BONK has surged by 78% over the past day, crossing the $2.1 billion threshold. The coin continues to garner the attention of investors, especially after its association with the Solana SAGA phone airdrop last year.