Bonk, a dog-themed meme coin running on the Solana blockchain, has experienced a notable resurgence, marking a 9% surge in the last 24 hours.
Launched as a community-driven project on December 25, 2022, Bonk aims to enhance the Solana ecosystem by offering various utilities to its holders. Despite facing a significant correction of almost 68% from its peak of $0.00003419 on December 15, 2023, which was accompanied by broader market volatility, Bonk’s year-over-year performance has been exceptional, witnessing an impressive 13,000% increase.
Currently trading at $0.00001097, with a market capitalization of $698 million, Bonk is exhibiting signs of a mild recovery. In the last 24 hours, the meme coin’s trading volume has surpassed $123.96 million, showcasing increased market activity. Notably, Bonk has secured a new exchange listing, with a British Virgin Islands-based crypto exchange set to list the BONK token on January 24, 2024.
This development is expected to enhance liquidity and pricing as Bonk becomes available for spot trading. Traders can access BONK through trading pairs like BONK/USDT and BONK/USDC, with deposits, trading, and withdrawals enabled simultaneously at 4:00 p.m. (Singapore Time) on January 24, 2024.
