{"id":34210,"date":"2023-12-15T22:54:50","date_gmt":"2023-12-16T02:54:50","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=34210"},"modified":"2023-12-15T22:54:50","modified_gmt":"2023-12-16T02:54:50","slug":"solanas-bonk-token-rockets-to-new-heights-surging-121-on-binance-listing-news","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/12\/15\/solanas-bonk-token-rockets-to-new-heights-surging-121-on-binance-listing-news\/","title":{"rendered":"Solana\u2019s BONK Token Rockets To New Heights, Surging 121% On Binance Listing News"},"content":{"rendered":"

In an unexpected turn of events, the Solana-based memecoin Bonk (BONK) has experienced an extraordinary 1,000% monthly<\/a> surge following its recent listings on major cryptocurrency exchanges.\u00a0<\/p>\n

The momentum began with Coinbase\u2019s listing<\/a>, followed closely by Binance\u2019s surprise announcement, propelling BONK to new heights and generating enthusiasm within the crypto community.<\/p>\n

Astounding 1,000% Surge On Binance And Coinbase Listings<\/h2>\n

The listing on Binance <\/a>proved to be a game-changer for BONK, as its price skyrocketed above $0.00003, marking an astounding increase of over 1,000% in just one month.\u00a0The frenzy surrounding the memecoin <\/a>became evident when a trader sold 52.3 billion BONK tokens, equivalent to approximately $927,000, and realized a staggering profit of around $784,000.\u00a0<\/p>\n

According <\/a>to Lookonchain, this trader had purchased 69 billion BONK at a price of approximately $0.0000021 and staked them from October 30 to November 29, reaping substantial returns from the meteoric rise of BONK.<\/p>\n

Beyond the price surge, another noteworthy development has captured the attention of investors. The Solana <\/a>community has witnessed a surge in the sales of Solana phones, driven by the recent price hike of Solana\u2019s memecoin.\u00a0<\/p>\n

Raj Gokal, the co-founder of Solana, shared in a December 15 post <\/a>on X that Solana phone sales have increased by over 10 times within the past 48 hours and are now projected to sell out before the new year. Gokal stated:<\/p>\n

Just so everyone is aware, Solana mobile saga sales have >10x\u2019d in the past 48 hours, and are now on track to sell out before the new year.<\/p>\n

Moreover, Richard Wu, co-founder of Tensor, Solana\u2019s non-fungible token marketplace, expressed <\/a>his astonishment, stating: \u201cThis is crazy. BONK saved Solana on Christmas 2022. BONK is saving the Solana Saga Phone on Christmas 2023.\u201d\u00a0<\/p>\n

Wu emphasized that, unlike other dog coins, Bonk has emerged as the savior of Solana, a battle-tested high-throughput Layer 1 blockchain. He further added, \u201cIt\u2019s not just a meme anymore. This is religion.\u201d<\/p>\n

BONK Memecoin\u2019s Impressive Surge Paired With Solana\u2019s Growth<\/h2>\n

Based on the 1-hour chart for BONK, the memecoin has consistently reached new highs since the start of the current bull run on November 8.\u00a0<\/p>\n

Notably, the token has surpassed significant moving averages, including the 200-day and 50-day MA. This is a positive indicator of the token\u2019s potential, as there are currently no visible resistance levels unless a correction occurs.<\/p>\n

It is worth noting that SOL has experienced a remarkable 443% uptrend <\/a>year-to-date, along with significant ecosystem growth in recent months. This, combined with the ongoing memecoin frenzy, suggests that there may be no limits or boundaries for BONK\u2019s upward trajectory.<\/p>\n

Following the announcement of Binance\u2019s listing, the token experienced a surge of 121%, which has been further complemented by gains observed in the past 24 hours. However, BONK\u2019s current price stands at $0.00002888, representing a shortfall of over 30% from its recent highs.<\/p>\n

The extent of BONK\u2019s potential and the future patterns it will exhibit in its various time frames remain to be seen. These developments will provide further insights into the token\u2019s future growth potential or possible corrections. However, the overall outlook for BONK appears promising for investors.<\/p>\n

Featured image from Shutterstock, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

In an unexpected turn of events, the Solana-based memecoin Bonk (BONK) has experienced an extraordinary 1,000% monthly<\/a> surge following its recent listings on major cryptocurrency exchanges.\u00a0<\/p>\n

The momentum began with Coinbase\u2019s listing<\/a>, followed closely by Binance\u2019s surprise announcement, propelling BONK to new heights and generating enthusiasm within the crypto community.<\/p>\n

Astounding 1,000% Surge On Binance And Coinbase Listings<\/h2>\n

The listing on Binance <\/a>proved to be a game-changer for BONK, as its price skyrocketed above $0.00003, marking an astounding increase of over 1,000% in just one month.\u00a0The frenzy surrounding the memecoin <\/a>became evident when a trader sold 52.3 billion BONK tokens, equivalent to approximately $927,000, and realized a staggering profit of around $784,000.\u00a0<\/p>\n

According <\/a>to Lookonchain, this trader had purchased 69 billion BONK at a price of approximately $0.0000021 and staked them from October 30 to November 29, reaping substantial returns from the meteoric rise of BONK.<\/p>\n

Beyond the price surge, another noteworthy development has captured the attention of investors. The Solana <\/a>community has witnessed a surge in the sales of Solana phones, driven by the recent price hike of Solana\u2019s memecoin.\u00a0<\/p>\n

Raj Gokal, the co-founder of Solana, shared in a December 15 post <\/a>on X that Solana phone sales have increased by over 10 times within the past 48 hours and are now projected to sell out before the new year. Gokal stated:<\/p>\n

Just so everyone is aware, Solana mobile saga sales have >10x\u2019d in the past 48 hours, and are now on track to sell out before the new year.<\/p>\n

Moreover, Richard Wu, co-founder of Tensor, Solana\u2019s non-fungible token marketplace, expressed <\/a>his astonishment, stating: \u201cThis is crazy. BONK saved Solana on Christmas 2022. BONK is saving the Solana Saga Phone on Christmas 2023.\u201d\u00a0<\/p>\n

Wu emphasized that, unlike other dog coins, Bonk has emerged as the savior of Solana, a battle-tested high-throughput Layer 1 blockchain. He further added, \u201cIt\u2019s not just a meme anymore. This is religion.\u201d<\/p>\n

BONK Memecoin\u2019s Impressive Surge Paired With Solana\u2019s Growth<\/h2>\n

Based on the 1-hour chart for BONK, the memecoin has consistently reached new highs since the start of the current bull run on November 8.\u00a0<\/p>\n

Notably, the token has surpassed significant moving averages, including the 200-day and 50-day MA. This is a positive indicator of the token\u2019s potential, as there are currently no visible resistance levels unless a correction occurs.<\/p>\n

It is worth noting that SOL has experienced a remarkable 443% uptrend <\/a>year-to-date, along with significant ecosystem growth in recent months. This, combined with the ongoing memecoin frenzy, suggests that there may be no limits or boundaries for BONK\u2019s upward trajectory.<\/p>\n

Following the announcement of Binance\u2019s listing, the token experienced a surge of 121%, which has been further complemented by gains observed in the past 24 hours. However, BONK\u2019s current price stands at $0.00002888, representing a shortfall of over 30% from its recent highs.<\/p>\n

The extent of BONK\u2019s potential and the future patterns it will exhibit in its various time frames remain to be seen. These developments will provide further insights into the token\u2019s future growth potential or possible corrections. However, the overall outlook for BONK appears promising for investors.<\/p>\n

Featured image from Shutterstock, chart from TradingView.com\u00a0<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-34210","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=34210"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34210\/revisions"}],"predecessor-version":[{"id":34218,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34210\/revisions\/34218"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34210"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}