Crypto exchange Bybit on Wednesday announced that it’s listing Solana’s meme token BONK. The decision to immediately list the BONK token came amid the massive demand for the meme cryptocurrency by the crypto community. The demand has dried trading volume from rival dog coins Shiba Inu (SHIB) and Dogecoin (DOGE).
Crypto exchange Bybit in a tweet on January 4 announced the listing of Solana’s meme token BONK without any prior announcement on its website.
Bybit said BONK is available to trade on Bybit’s Spot market from January 4 at 11 AM UTC. Moreover, the meme cryptocurrency is also available to trade on Bybit Spot Grid Bots. It is termed as the first Solana dog coin for the people and by the people.
After listing on Bybit, the trading volume jumped to a high of $112 billion. The BONK token was listed at $0.0000010 and currently trades at 0.0000023, up over 130% in just a few hours.
Meme token BONK relies on the airdrop to Solana NFT, anti-Alameda Research sentiment, and the revival of Solana DEX culture to improve the community. The broader sentiment driving the BONK rally is a comparison to Dogecoin and Shiba Inu, which recorded massive rallies during the bull market.
People believe the BONK price will also give better profit in the future. Some states that developers also promised many integrations and possibly the possibility of future voting among BONK holders, staking, raffles, and trading contests will also be done in the near future.
Solana price currently trades at $13.66, up over 15% in the last 24 hours. Solana’s 24-hour low and high are $11.72 and $14.10, respectively. As per CoinGape analysis, Solana price may struggle to surpass the $15 barrier, but the $15 breakout could encourage SOL to a more 20% rise.
As per CoinMarketCap, the BONK price soared over 100% in the last 24 hours, with the current price trading at $0.00000218. The 24-hour low and high are $0.000000854 and $0.000002581, respectively.