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KuCoin Announces Meme Coin Bonk Listing; BONK cryptocurrency rises 11%

Fast Take
  • KuCoin announced the listing of Solana-based cryptocurrency Bonk (BONK)
  • With this, BONK is now available for spot trading on the platform
  • BONK showed a significant increase in the last day
Kucoin disclosure
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One of the leading cryptocurrency exchanges, KuCoin, announced the listing of the meme coin Bonk (BONK), based on Solana, on November 27th. With this, BONK is now available for spot trading on the platform.

In its official statement, Kucoin reported that deposits take place immediately after the announcement. Trading starts at 10am on November 28, 2023 (UTC); Withdrawals: 10am on November 29, 2023 (UTC). The trading air available on the platform is BONK/USDT.

The good news for cryptocurrency doesn't stop there, the BONK token showed a significant increase in the last day in light of the new listing. At the time of publication, BONK price was quoted at US$0,00000410 up 11.9% in the last 24 hours.

It is worth remembering that, on November 9, the price charts of Bonk reveal an increase of more than 50% in 24 hours, a feat that brought new vigor to the Solana ecosystem.

The meme cryptocurrency Bonk (BONK) is emerging as a notable phenomenon. Launched in 2022, this new currency based on blockchain de Solana drew attention not only for its curious timing but also for its impressive subsequent performance.

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What is BONK?

According to website of the meme, Bonk is a project that was born from the voice of the community, aiming to expand and enrich the Solana ecosystem with its multiple functionalities. This community feature was strategic for Bonk's rapid establishment in the market, which, in turn, generated a series of partnerships with platforms operating on the same blockchain.

In the months following its launch, the BONK token achieved reach recently an all-time high of 480 unique holders, making it one of the most widely distributed tokens on Solana. More than 100 apps use BONK.

The mission of the BONK cryptocurrency is to reward users considered 'loyal' of the Solana ecosystem, as well as advanced applications that are “only possible on Solana”.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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