Solana memecoin BONK is skyrocketing due to a new listing

Bonk (BONK) is an emerging company Memecoin in the crypto world, but unlike the competition, this memecoin is on the Solana (SOL) network.

The price of BONK has recently risen sharply and this probably has something to do with the following announcement from KuCoin. The well-known Hong Kong-based crypto exchange announced on November 28, 2023 that it was listing BONK on its platform.

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Popular memecoin on Solana

BONK is a memecoin that competes with Dogecoin (DOGE) and Shiba Inu (SHIB) and is based on the Solana blockchain. Bonk calls itself the first “Solana Dog Coin” and has been trading since December 29, 2022.

BONK was launched via a massive airdrop, a process in which certain tokens or coins are distributed to the Solana community for free. The aim is to reward people for their support or active participation in the Solana project.

In the months since BONK launched, BONK has reached 480,000 unique holders, which is an all-time high. It is one of the most popular tokens on Solana and is used in more than 100 dApps.

After USDC and SOL itself, it is the most traded token on Solana since the beginning of 2023.

BONK crypto shows spectacular rise

Earlier this year, Austin Federa, head of strategy and communications at the Solana Foundation, reported that BONK has a strong community and the number of active addresses on the Solana network is increasing.

Earlier this year in altcoin news you could read an article about this BONK which had risen by thousands of percent. Following KuCoin’s announcement, BONK price exploded again by 14.6%.

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The price has since fallen again and at the time of writing, the memecoin is worth around $0.000004. Bonk is up nearly 500% in the last month and has a total market cap of around $270 million.

At the beginning of this year you could also read a lot about BONK on Crypto Insiders.

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