In a significant boost to Bonk (BONK), Bithumb, South Korea’s second-largest crypto exchange, has announced its listing in the Korean won market. Trading of BONK, the first dog-themed cryptocurrency on the Solana network, will begin at 5:00 pm on May 16, causing an uptrend in the price and volume of the coin.
In a significant boost to Bonk (BONK), Bithumb, South Korea’s second-largest crypto exchange, has announced its listing in the Korean won market. Trading of BONK, the first dog-themed cryptocurrency on the Solana network, will begin at 5:00 pm on May 16, causing an uptrend in the price and volume of the coin.
Listing on Bithumb is a pivotal moment for BONK as it provides it exposure to one of the largest cryptocurrency markets in Asia. This development is likely to improve liquidity and trading activity, attracting more investors and potentially driving further price increases.
Bond price turns bullish
Following the announcement, BONK’s market performance has shown a notable upward trend. From now on, BONK is negotiating in $0.00002611, which represents an increase of 9.57% in the last 24 hours. This increase underlines the market’s positive reaction to the listing news. In the last 30 days, BONK price has soared by 78.5%, maintaining strong bullish momentum.
Trading volume has also seen a significant increase, increasing by 36.53% to reach $498.6 million. This increase in volume reflects an increase investor interest and activity around BONK. At the same time, BONK’s market capitalization has increased by 9.37%, now standing at $1.66 billion, further highlighting the coin’s growing presence in the market.
Additionally, CoinGlass data indicates a substantial increase in open interest for BONK, which has increased by 13.24% to $280.82 million. Open interest is a key metric that represents the total number of outstanding derivatives contracts, such as futures and options, and its rise is often considered a bullish indicator. This suggests that more traders are entering the market and taking positions in BONK.
He coin memeThe strong performance of and increased market activity point to a positive outlook as it continues to gain traction and recognition within the crypto community. Overall, BONK’s recent listing on Bithumb has catalyzed a significant increase in its trading volume and price. With bullish indicators showing strong momentum, BONK is poised for further growth and stability in the cryptocurrency market.
