Another Top Exchange Lists Solana’s BONK, Dries Up SHIB And DOGE Volume

    Crypto alternate Bybit on Wednesday introduced that it’s itemizing Solana’s meme token BONK. The determination to right away listing the BONK token got here amid the large demand for the meme cryptocurrency by the crypto group. The demand has dried buying and selling quantity from rival canine cash Shiba Inu (SHIB) and Dogecoin (DOGE).

    Bybit Announces Immediate Listing of BONK Token

    Crypto alternate Bybit in a tweet on January 4 introduced the itemizing of Solana’s meme token BONK with none prior announcement on its web site.

    Bybit mentioned BONK is on the market to commerce on Bybit’s Spot market from January 4 at 11 AM UTC. Moreover, the meme cryptocurrency can also be out there to commerce on Bybit Spot Grid Bots. It is termed as the primary Solana canine coin for the folks and by the folks.

    After itemizing on Bybit, the buying and selling quantity jumped to a excessive of $112 billion. The BONK token was listed at $0.0000010 and presently trades at 0.0000023, up over 130% in just some hours.

    Meme token BONK depends on the airdrop to Solana NFT, anti-Alameda Research sentiment, and the revival of Solana DEX tradition to enhance the group. The broader sentiment driving the BONK rally is a comparability to Dogecoin and Shiba Inu, which recorded large rallies through the bull market.

    People consider the BONK value will even give higher revenue sooner or later. Some states that builders additionally promised many integrations and probably the potential for future voting amongst BONK holders, staking, raffles, and buying and selling contests will even be completed within the close to future.

    Also Read: Solana Surges By 40%, ETC Up By 17%; Can Altcoins Keep Up This Rally Ahead?

    Solana Price Skyrockets Over 15% in 24 Hours

    Solana value presently trades at $13.66, up over 15% within the final 24 hours. Solana’s 24-hour high and low are $11.72 and $14.10, respectively. As per CoinGape analysis, Solana value could wrestle to surpass the $15 barrier, however the $15 breakout might encourage SOL to a extra 20% rise.

    As per CoinMarketCap, the BONK value soared over 100% within the final 24 hours, with the present value buying and selling at $0.00000218. The 24-hour high and low are $0.000000854 and $0.000002581, respectively.

    Also Read: How Sharp Selloff In Solana’s Meme Token BONK Will Impact SOL Price?

    Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency business for a considerable interval and is presently masking all the most recent updates and developments within the crypto business.

    The introduced content material could embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.

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