Alex Dovbnya
BONK, the first dog-themed meme coin on the Solana blockchain, is up 40%
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Contents
- More than meme coins?
- A new BitMEX listing
BONK, the first dog-themed meme coin created on the Solana blockchain, saw a 40% price increase in the last 24 hours, according to data from CoinMarketCap.
BONK’s recent introduction of unilateral liquidity pool staking and its appeal as a community-driven token have significantly influenced this bullish trend.
More than meme coins?
The rise of BONK has sparked debate among crypto enthusiasts and prominent industry figures.
Anatoly Yakovenko, co-founder of Solana, and Chris Burniske, a well-known crypto investor, discussed the potential of meme coins.
Jakovenko considered whether meme coins could go beyond their humorous origins and fuel a global movement.
In his response, Burniske emphasized the need for meme coins to benefit all participants, not just insiders, in order to correct the missteps of previous crypto ventures. He emphasized the importance of matching valuable labor with the capital it generates.
A new BitMEX listing
In this regard, according to an announcement on November 20, a new BONK contract will be listed on BitMEX. The new listing, 100BONKUSDT, will offer traders the opportunity to participate in perpetual swaps with up to 10x leverage starting tomorrow.
Listing 100BONK, which is equivalent to 100 individual BONK tokens, provides traders with a more accessible entry point.
About the author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience reporting on everything related to the emerging industry – from price analysis to blockchain disruption. Alex has written more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He is particularly interested in the regulatory trends around the globe that are shaping the future of digital assets. He can be contacted at [email protected].
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
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