A memecoin competing with the likes of Dogecoin (DOGE) and Shiba Inu (SHIB), built on the Solana (SOL) blockchain, is gathering at another major listing.
KuCoin, the sixth largest crypto exchange by trading volume and known for supporting “altcoin gems” mention Bonk (BONK) on its platform yesterday.
According to the announcement, BONK trading will begin today, with BONK withdrawals allowed as early as tomorrow.
“BONK launched in late 2022 as a huge Christmas airdrop for the Solana community, almost marking the exact bottom of Solana’s price and sentiment.
In the months since its launch, BONK recently reached an all-time high of 480,000 unique holders, making it one of the most widely distributed tokens on Solana. More than 100 apps use BONK.
BONK’s mission is to reward loyal Solana users and power apps that are ‘Only possible on Solana’.
It has remained the most traded token on Solana most days since the start of the year, behind Solana itself and USDC.
Back in January this year, Austin Federa, head of strategy and communications at the Solana Foundation, said Bonk is fostering a strong community as active addresses on the Solana network increase.
BONK’s price action has gone crazy since then, exploding 14.6% in the last 24 hours. The dog-themed token is worth $0.000004 at the time of writing.
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Generated image: Midjourney