Why is Solana meme coin BONK rising? – CoinJournal

• The worth of Bonk rose sharply after South Korean alternate Bithumb introduced the itemizing of Bonk on the KRW market.
• Solana meme coin hits two-week excessive as Bitcoin leads crypto market surge.

BONK, the primary dog-themed meme coin solanaThere was a major leap within the final 24 hours.

In accordance with market information from CoinGecko, the value of BONK is up 9% and buying and selling at $0.00002623 – the meme coin’s highest degree in two weeks.

Why did the value of BONK improve as we speak?

BONK’s efficiency over the previous 24 hours is in step with the rise in crypto costs.

It got here as markets reacted to the newest US inflation information, which confirmed the CPI studying softer than anticipated. As shares hit weekly highs, Bitcoin crosses $66k To see this, analysts are predicting a possible rally to $74k.

Optimistic sentiment buoyed most altcoins, with Ethereum breaking above $3,000 and Solana rising above $160.

BONK’s value mirrored different meme cash, seeing slight features resulting from mega cap will increase.

Amidst this information, BONK gained on Thursday bithumbWas the second largest cryptocurrency alternate in South Korea announced Financial institution itemizing.

The platform will start buying and selling for BONK in Korean Received (KRW) on Could 16 at 17:00 PM. Bithumb can even record Zeta Chain (ZETA).

Being certainly one of South Korea’s high crypto markets, Bonk’s itemizing on Bithumb is about to extend not solely visibility but additionally liquidity for the meme coin. Buying and selling quantity was up 30% in early buying and selling Thursday.

BONK value may break larger and retest ranges seen in March and April. If the broader market continues to be bullish, the bullish momentum can also be prone to strengthen.