Another Top Exchange Lists Solana’s BONK, Dries Up SHIB And DOGE Volume


It was announced Wednesday that Bybit would list Solana’s meme cryptocurrency BONK. Despite massive demand for the meme cryptocurrency by the crypto community, the decision to list the BONK token immediately resulted from the drop in trading volume from rival dog coins Shiba Inu (SHIB) and Dogecoin (DOGE).

BONK Token is listed immediately by Bybit

The crypto exchange Bybit announced the listing of Solana’s meme token BONK on January 4 without any prior announcement.

BONK will be available to trade on Bybit’s Spot market from January 4 at 11 AM UTC. Furthermore, the meme cryptocurrency is also available to trade on Bybit Spot Grid Bots. It is described as the first Solana dog coin made for the people.

In just a few hours after listing on Bybit, the trading volume escalated to $112 billion. The BONK token was listed at $0.0000010 and is now trading at 0.00000023, up more than 130%.

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. In comparison to Dogecoin and Shiba Inu, which both experienced massive rallies during the bull market, the BONK rally is driven by a broader sentiment.

The price of BONK will also give better profit in the future, according to some, and developers have also promised many integrations, staking, raffles, and trading contests in the near future.

You may also like: Solana Surges By 40%, ETC Up By 17%; Can Altcoins Keep This Up?

Price of Solana skyrockets over 15% in 24 hours

In the last 24 hours, Solana has gained over 15% in price. Solana’s low and high are $11.72 and $14.10. CoinGape analysis indicates Solana’s price may struggle to break through $15, but a breakout could lead to a 20% rise.

BONK’s price has soared over 100% in the last 24 hours, trading at $0.00000218. The 24-hour low and high are $0.000000854 and $0.000002581, respectively.

SOL Price Impacted by Sharp Selloff in Solana’s Meme Token BONK?

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