- The value of Bonk surged after South Korean alternate Bithumb introduced the itemizing of BONK on the KRW market.
- Coin Solana meme hits two-week excessive as Bitcoin leads crypto market rally.
Bonk (BONK), Solana's first dog-themed meme coin, has seen a major rise previously 24 hours.
Based on market information from CoinGecko, BONK is up 9% and is buying and selling at $0.00002623 – the meme coin's highest degree in two weeks.
Why did BONK worth bounce as we speak?
Bonk's efficiency over the previous 24 hours is consistent with the upward slide in cryptocurrency costs.
These got here as markets reacted to the newest US inflation information, which confirmed softer-than-expected CPI readings. Because the inventory jumped to weekly highs, bitcoin climbed above $66,000 with analysts predicting a possible rise to $74,000.
Optimistic sentiment boosted most altcoins, with Ethereum breaking above $3,000 and Solana surging above $160.
BONK's worth mirrored different meme cash, which noticed modest beneficial properties as mega caps rose.
On Thursday, Bonk prolonged beneficial properties on information that Bithumb, South Korea's second largest cryptocurrency alternate, had he introduced BONK assertion.
The platform will begin buying and selling for BONK in Korean Received (KRW) on Might 16 at 17:00. Bithumb may even launch Zeta Chain (ZETA).
Since South Korea is among the high crypto markets, evidently the itemizing of Bonka on Bithumb won’t solely enhance the visibility but additionally the liquidity of the meme coin. Buying and selling quantity was up 30% in early buying and selling on Thursday.
BONK worth might break greater and retest the degrees seen in March and April. Bullish momentum can be prone to strengthen if the broader market continues greater.
