CandleFocus BONK hits new all-time high following Upbit listing
2024-11-20
Author: Content Editor
BONK, the first Solana-based meme coin, has experienced a significant surge in value following an announcement from South Korean exchange Upbit. The coin's market cap is now over $4.1 billion, making it the largest meme coin on the Solana blockchain. BONK's futures open interest has also reached an all-time high, indicating increased demand from investors. Additionally, the coin's recent listing on Upbit has boosted its daily trading volume. BONK's gains can also be attributed to an upcoming token burn and whale buying activity. Despite being overbought, analysts believe that BONK's upward trend will continue in the short term. The ongoing rally in meme coins and the overall market sentiment fueled by Bitcoin's surge are other factors driving BONK's success.
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