{"id":30819,"date":"2024-05-16T12:47:58","date_gmt":"2024-05-16T12:47:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/why-is-solana-meme-coin-bonk-bonk-surging\/"},"modified":"2024-05-16T12:47:58","modified_gmt":"2024-05-16T12:47:58","slug":"why-is-solana-meme-coin-bonk-bonk-surging","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/why-is-solana-meme-coin-bonk-bonk-surging\/","title":{"rendered":"Why is Solana meme coin Bonk (BONK) surging?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bonk-listed-bithumb-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bonk-listed-bithumb-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bonk-listed-bithumb-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bonk-listed-bithumb-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Bonk price rose sharply after South Korea exchange Bithumb announced listing of BONK in the KRW market.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The Solana meme coin reached a two-week high as Bitcoin led the crypto market bounce.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Bonk (BONK), the first dog-themed meme coin on <a href=\"https:\/\/coinjournal.net\/solana\/\">Solana<\/a>, has picked up significant upside in the past 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to market data from CoinGecko, BONK price is up 9% and trading at $0.00002623 \u2013 the meme coin\u2019s highest level in two weeks.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Why did the BONK price spike today?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Bonk\u2019s performance in the past 24 hours aligns with an upward flip in crypto prices. <\/span><\/p>\n<p><span style=\"font-weight: 400\">These came as markets reacted to the latest US inflation data that showed softer-than-expected CPI readings. As stocks jumped to weekly highs, <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-price-heres-why-qcp-capital-expects-btc-run-to-74k\/\">Bitcoin surged past $66k<\/a> to see analysts predict a potential bullish run to $74k.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The positive sentiment buoyed most altcoins, with Ethereum breaking above $3,000 and Solana surging above $160.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BONK price mirrored other meme coins, which saw slight gains as mega caps spiked.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On Thursday, Bonk extended gains amid news that <a href=\"https:\/\/coinjournal.net\/exchanges\/bithumb\/\">Bithumb<\/a>, the second-largest cryptocurrency exchange in South Korea, had <\/span><a href=\"https:\/\/twitter.com\/BithumbOfficial\/status\/1791012351992619054\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> BONK listing.\u00a0 <\/span><\/p>\n<p><span style=\"font-weight: 400\">The platform will open trading for BONK in the Korean won (KRW) on May 16 at 17: 00 pm. Bithumb will also list Zeta Chain (ZETA).<\/span><\/p>\n<p><span style=\"font-weight: 400\">With South Korea one of the top crypto markets, Bonk\u2019s listing on Bithumb looks set to enhance not just visibility but also liquidity for the meme coin. Trading volume was up 30% in early trading Thursday.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BONK price could break higher and retest levels seen in March and April. Bullish momentum is also likely to strengthen if the broader market continues higher.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/why-is-solana-meme-coin-bonk-bonk-surging\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bonk price rose sharply after South Korea exchange Bithumb announced listing of BONK in the KRW market. The Solana meme coin reached a two-week high as Bitcoin led the crypto market bounce. Bonk (BONK), the first dog-themed meme coin on Solana, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":30820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30819"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=30819"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/30820"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=30819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=30819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=30819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}