Crypto News – The memecoin BONK has increased its gains to over 110% over the past day, sending cryptocurrency speculators into a new frenzy. At the time of publication, the market capitalization of BONK was $1.7 billion, and its current price is $0.00002886.
Memecoin BONK Rally: Coin Soars 110% After Listing on Binance
Amidst this optimistic price surge, BONK has tripled in size compared to the well-known memecoin PEPE Coin. The BONK price surge coincides with Binance’s announcement that the memecoin has been added to its trading list.
Binance has stated that on December 15, 2023, at 8:00 (UTC), spot trading for several trading pairs would begin, along with the listing of Bonk (BONK). The recently launched spot trading pairs, which give users a variety of trading alternatives on the Binance platform, include BONK/USDT, BONK/FDUSD, and BONK/TRY.
About Binance’s Listing of Bonk
Users can now start making BONK deposits in advance of trading, which is scheduled to begin on December 15, 2023, at 8:00 (UTC). BONK withdrawals will be available on December 16, 2023, concurrently. Notably, Binance has chosen to charge no BNB for BONK‘s listing, highlighting its dedication to promoting inclusivity and accessibility in the cryptocurrency space.
In addition, Binance intends to broaden the scope of its services by launching BONK as a new borrowable asset along with a new margin pair on Isolated Margin, which should be available within the next 48 hours. This calculated action is in line with Binance’s ongoing attempts to improve the trading experience for its user base and diversify the assets it offers.
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