Another top exchange lists Solana’s BONK and Dries Up SHIB Volume
Bybit, a crypto exchange, announced Wednesday that it will list Solana’s mem token BONK. Due to the huge demand for the meme cryptocurrency from the crypto community, the BONK token was immediately listed. Trading volume for rival dog coins Shiba Inu and Dogecoin has dried up.
Bybit Announces Immediate Listing for BONK Token
Bybit, a crypto exchange, announced in a tweet that it had listed Solana’s me token BONK on January 4, without making any announcements on its website.
Bybit stated that BONK can be traded on Bybit’s Spot Market starting January 4, at 11:01 UTC. The meme cryptocurrency can also be traded on Bybit Spot Grid bots. It is referred to as the first Solana dog coins for the people, and by the people.
The trading volume rose to $112 billion after the listing on Bybit. BONK token was initially listed at $0.0000010, and is currently trading at 0.0000023. This is an increase of over 130% in just a few minutes.
Meme token BONK depends on the airdrop of Solana NFT, antiAlameda Research sentiment and the revival Solana DEX culture in order to improve the community. The BONK rally’s larger sentiment is similar to Shiba Inu and Dogecoin, which experienced huge rallies during the bull markets.
Many believe that the BONK price will bring greater profits in the future. Developers also promised many integrations, possibly the possibility for future voting among BONK holders and trading contests.
Also read: Solana surges by 40%, ETC up by 17%; can Altcoins keep up this rally?
Solana Price Rises to More Than 15% in 24 Hours
The current price of Solana is $13.66, an increase of over 15% in the past 24 hours. Solana’s 24 hour low and high are $11.72 (or $14.10), respectively. According to CoinGape analysis Solana may not be able to surpass the $15 barrier but the $15 breakout could lead to SOL to rise by 20%.
According to CoinMarketCap, the BONK market price has risen more than 100% in the past 24 hours. The current price is $0.00000218. The low and high for the 24-hour are $0.000002581 and $0.000000854, respectively.
Also read: How sharp a selloff in Solana’s Meme Token BONK will impact SOL price
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