- Bonk value rose sharply after South Korea change Bithumb introduced itemizing of BONK within the KRW market.
- The Solana meme coin reached a two-week excessive as Bitcoin led the crypto market bounce.
Bonk (BONK), the primary dog-themed meme coin on Solana, has picked up vital upside up to now 24 hours.
In keeping with market knowledge from CoinGecko, BONK value is up 9% and buying and selling at $0.00002623 – the meme coin’s highest stage in two weeks.
Why did the BONK value spike at this time?
Bonk’s efficiency up to now 24 hours aligns with an upward flip in crypto costs.
These got here as markets reacted to the most recent US inflation knowledge that confirmed softer-than-expected CPI readings. As shares jumped to weekly highs, Bitcoin surged previous $66k to see analysts predict a possible bullish run to $74k.
The optimistic sentiment buoyed most altcoins, with Ethereum breaking above $3,000 and Solana surging above $160.
BONK value mirrored different meme cash, which noticed slight features as mega caps spiked.
On Thursday, Bonk prolonged features amid information that Bithumb, the second-largest cryptocurrency change in South Korea, had introduced BONK itemizing.
The platform will open buying and selling for BONK within the Korean gained (KRW) on Might 16 at 17: 00 pm. Bithumb will even listing Zeta Chain (ZETA).
With South Korea one of many high crypto markets, Bonk’s itemizing on Bithumb appears to be like set to boost not simply visibility but in addition liquidity for the meme coin. Buying and selling quantity was up 30% in early buying and selling Thursday.
BONK value may break increased and retest ranges seen in March and April. Bullish momentum can be prone to strengthen if the broader market continues increased.
